Iraqi dinar

[Wong]

A friend of mine is having financial problems but has invested some money in the Iraqi dinar. He has asked to borrow money on the strength of that. Should I lend him some or tell him that he should sell back his dinars? He is a very good friend and I don't want to let him down or offend him. What should I do? Any advice would be very much appreciated. Thanks in advance.

[dzug]

I wouldn't lend him money on the strength of that.

Selling 'investments' in the Iraqi dinar is a well known scam. The chances are he has lost the major part of his money.

[PrinceRainie]

Without causing offence to your friend...if he was stupid enough to invest in the Iraqi Dinar, then I would steer well clear as you may never get your money back.........
All depends on how good a friend he is and whether or no tyou can afford never to get the money back!!
Securing a loan on a currency is never such a good idea as currency markets such as Iraq can fluctuate greatly and can therefore be left with nothing!!

[Scylax]

All the above answers seem eminently rational.
The investment in Iraqi dinars may be your friend's
security, but it is certainly not yours.

My advice ? Avoid this like the plague.

[kujawski]

i have some dinars for sale,

any body want to buy some?

[WendyS]

Don't lend money to friends. It's the best way of ruining a friendship. If your friend was foolish enough to invest in the currency of a country which is in a war situation, he wants his head examined. Tell him your own finances are complicated enough and you really don't want to risk your friendship by getting your finances intertwined with his.