Saddam Stamps Skyrocket in Iraq

Stamp prices showing Saddam Hussein are rising sharply in Iraq according to a report by Sammy Ketz of American Free Press (AFP).

Kamal Kamel, who runs a stall selling stamps in the Bab al-Muazzam district where the Iraqi Philatelic and Numismatic Society meets is quoted in the piece as saying, "Before 2003, the country was closed in on itself and we were cut off from the international market. But now business is going well. American and British collectors snap up stamps with Saddam on them."

He goes on to say, "Unlike us, they couldn't get enough of him -- they could not buy the stamps, because of the embargo," referring to UN sanctions on trade with Iraq introduced after Saddam Hussein invaded Kuwait in 1990.

"A series showing Saddam Hussein which was worth 200 dinars sells today for 5,000 dinars (4.3 dollars). My monthly revenues have passed from 200 to 1,500 dollars. Prices really have risen," according to Kamel.

Shown above, a 1986 Iraqi stamp showing Saddam Hussein in military uniform.

To read the entire article, click here.