My friend got told to buy Iraq Dinars from ebay while they are cheap now..BUT...?

i'm skeptical as to whether it's going to be worth the investment. He was told that the more Dinars he buys in low deniminations (new notes only) and when the war is over the value of that will shoot up by a massive percentage, thus it seems to be one of those get rich quick schemes

Does anyone know anything about this?

Bad idea. You might make a fortune, but right now it seems more likely that you will lose the lot.

The US presence will continue for years but is likely to be scaled down significantly. Especially if the Democrats this year. In five years Iraq could easily have split into three countries. Or decided to replace all its money with a new currency to combat inflation. Or gone socialist and decided to ban foreign ownership of assets (Hugo Chavez anyone?) Or gone to war with Iran again. All these outcomes would result in you losing your investment. The only outcome that equals profit on your Iraqi Dinar investment is if they stop fighting, upgrade the oil wells, elect a national government and put a low tax capitalist government in place.

It might double, but there are far less risky ways to make money. If I was going to invest in currencies, I think the one to buy is the Chinese Yuan once foreign exchange restrictions are lifted.

Probably a better investment than the dollar at this point.

Not a good idea..
What if they canceled the whole curency..? and they started using US dollars.. like Libanon...

Even if the currency if going high.. why do you think people are selling Dinars right now... people got stuck with them and want's to get rid of them...