Iraqi Dinar Alert

With any investment, it is important to periodically review performance. This provides a basis for assessing whether the investment is as worthwhile as originally perceived and, also, for making “buy, hold, sell” decisions. Iraqi dinar is unique in that it is not an investment security or currency with a price determined through organized trading. Buying and holding dinar is easy (though dealer pricing varies widely), but selling (for individuals, at least) is presently done through mechanisms like e-Bay rather than a developed exchange market.

Technorati Tags: Iraqi dinar, e-Bay

In their syndicated column, Motley Fool typically includes a section where people write in to tell about their “dumbest ” investment. The idea is for readers to learn from mistakes made by others. Here’s a recent submission as it appeared in the Kansas City Star:

MY DUMBEST INVESTMENT

Last year, I spent about $1,500 for approximately 1.7 million Iraqi dinars. At the moment, one U.S. dollar is worth approximately 1,450 Iraqi dinars, making my investment worth around $1,170. Even a modest increase in the value of the dinar would result in significant gains. Time will tell if this investment is Foolish or just plain foolish. B.E., Killeen, Texas

Technorati Tags: Motley Fool, Iraqi dinars, dinars

FRONT
The front of the Iraqi Dinar 25,000-dinar note shows a Kurdish farmer holding sheaf of wheat. Tractor in background.

BACK
The back of the Iraqi Dinar 25,000-dinar note shows King Hammurabi. Credited with writing the first code of law in human history he founded the First Dynasty of Babylon in 1700 BC, leading Babylonia into a period of great prosperity.