Investing in Iraq

Don’t laugh… it’s not as far-fetched as it sounds. And if anybody can figure out a way to do it, Templeton’s Mark Mobius immediately comes to mind. Mobius had the following to say at a press conference in London:

We are also looking at Iraq, though we are not invested there now. We would have to convince a custodian bank to set up there though, and make sure the walls of the safe are thick enough… It could be six months to a year until that really comes together, and volumes would be small when it does.

Via citywire.

Comments

[robert99:]

Want to invest in Iraq? Wait until the government reissues currency later this year and buy some dinars.

Jun 08 01:46 PM

[Maxe Paul:]

Im sure some fool (bank etc) will come up with an ETF for Iraq to keep the gullible happy.

Until then id say (from what i see on tv and Iraqi car bombs) that importing panel beaters would be quite lucrative!

Jun 09 07:52 AM

[Tom B:]

Yea, I'm starting an Iraq, Iran, Afghanistan, Somalia, N. Korea ETF--BUYING OPPORTUNITY-- get 'em while they're cheap!

Jun 09 08:48 AM