I don't know very much about the Iraqui dinar as an investment vehicle.  However, there do seem to be a lot of pluses and minuses.  It just seems to me, that with the United States commiting to be in that area of the world in the first place, that we won't stop until Iraq is back on a more stable track.  After all, we need oil and natural gas desperately to lower energy prices, and China cannot finish off its inevitable economic explosion without oil.  In fact China has already sold off most of its oil futures in order to have oil right now, even meaning taking a loss on them.

   Anyhow, with the US commited, that also commits many US allies to help bring prosperity back to Iraq.  It was with the US and allies that the new dinar came to be anyway, and to help insure the economic recovery of the area, I can see possible support from them to let the dinar trade on a world wide basis.  It would be the best thing in the long term for Iraq, and shorten the length of our stay there.  Also many worldwide companies have pledged support to help rebuild this area, and they have as much money as the governments do to speed economic recovery. 

     There is a possibility that the Central Bank of Iraq could call in all of the dinar at a discount rate, and issue something else entirely.  They're a bank, and banks do pretty much what they want to.  However, as long as the US is involved in the region, they may not, as the banking and financial system will undoubtedly undergo drastic change as they are restructured, and the idea is to bring the entire Iraqui region together with one system for all.  The dinar was the first step of many to begin this process.

     Who knows?  Nobody can predict the outcome of all this.  This region may always be under constant destruction, and never rebound to its former economic status. Then again, if everything goes right, it could even explode to new heights.  Isn't that the vision for the new Iraq, and the reason we're there now anyway?  At least in theory.  And if enough people buy into this, who knows? Face it, there have always been problems in the middle east, and there always will be, but a lot of major players in the world want, and need this region to be strong again for their own gain too.  It may not be the succesful venture that everyone hoped for, but I don't see it becoming a total failure either. 

     As for dinar, sure it's a gamble. And so is every other currency in the world.  The dollar's not what it used to be either, is it?  Our banks have made us turn in notes and reissue, and we're still here and productive.  We went through a depression ourselves, but we figured out a way to rebound.  We have always had problems, and always will, but we're still chugging along.

     We gamble that our jobs, health, life, economy, freedom, etc will still be there tomorrow, but overnight it could all be gone.  Yeah, it's a gamble, but so is our stock market,  Remember Enron? Remember "Black Tuesday"?  It's a gamble, but with the risk being less than the potential gains.  As long as you're not hocking the house, cars and children, you would not lose a fortune, as long as you're not greedy, if it ended up totally worthless.  Where else can you invest in something in this day and time for less than $1000, and know there is at least a possibility to become rich?  I've seen a lot of hail mary passes fall useless to the ground in football games, but I've also seen a lot of them be game winners.  How do you know which is which before the ball is thrown?  Throw the ball, you might end up winning the biggest game of your life.

     Like I said, I don't know much about this dinar as an investment thing, but in the world today, it's as likely as anything else to be the next big thing.