Of course there are two sides to the coin. On the contrary, some people are of the opinion that the Iraqi Dinar could undergo a further devaluation after the economic sanctions against Iraq are lifted, and that the Dinar could even be replaced by a new currency, which could still be exchanged for dollars. So, if you invest in Iraqi Dinars, make sure that you invest in the new Iraqi Dinar, and not the old one which has the picture of Saddam Hussein on it.
Going by latest financial news reports, there has been talk of a possible revaluation of the Iraqi Dinar, which might happen very soon. In that case, people who have invested in Iraqi Dinars are likely to become millionaires! But the opposite may also be true. Hence, it seems to be a gamble indeed.
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