Oscar2

What are you going to do...sell it then buy it? Why would you wait to buy it at say a dollar when you can buy it cheaper now. The question should be...should I sell it now or hold for the higher price in the future?

Agreed! Shabibi who is a brilliant economist has publicly stated that Iraq COULD RV as high as $12. Just because the Gurus have been wrong on dates (because they cannot control the backroom politics) do not think for a second that their rates are out of whack.

Ain't going to happen ...so why ask?

That is 20 billion not trillion. It is essentially paid in oil over time. There are hundreds of threads explaining the process on this site....invest some time and learn.

Hmmmmmmmmmm! Very interesting!

An extension is no longer needed as the Iraqi dinar is no longer considered a currency of a terrorist nation. I believe it was December when the restriction was listed.

Long term is 1 year or more. The IRS will want ALL gains reported (no Wells Fargo exemption).

You will need receipts if you are claiming LONG term capital gains. Otherwise you will be stuck at the higher income tax rate on SHORT term.

This was posted earlier....see other thread.

It sounds like you are saying the above is factual. There is NO evidence that larger bills will have a time limit . There is NO evidence of multiple RV's. There is NO evidence of a flat 15% tax. NObody knows the date or rate. All of the above are just guesses.

The government does not have to prove how long you have had your dinar....YOU have to prove the short tem gains. I hope you kept your receipts.

I think he means well, but there are many holes in his theories.

No.

It has been previously documented that the lower denoms were printed years ago. In addition there have been links recently to articles educating the Iraqi people about the revalue. Let us be more clever if we have to make stuff up!

Actually, your Dad has a better understanding of this investment than you. Perhaps you can learn by listening to him. Alternatively, there are thousands of threads you can read on this site that will explain how this works.