To critics, the fact that the dinar’s resale value relies on the enthusiasm of other speculators makes it little more than a collectible—or worse, the central element in an elaborate pyramid scheme.Jeffrey Frankel, a Harvard economics professor, calls the activity “pretend currency trading.” “I’ve received a large number of e-mails from people saying, ‘I understand you’re an expert on Iraq. Do you have any views? Can you advise me?’” he says. “I get the feeling that all these people doing this shouldn’t be. They’re little people, they don’t know what they’re doing, and they’re going to lose a lot of money.”
Also... I personally corresponded with Jeffrey Frankel after the story posted was plastered on dinar sites years ago. He told me at that time that his article was widly missinterpreted. He in no way was trying to prescribe an actual value for the dinar. He was only talking in generalities about how to support the dinar.
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