Iraqi Dinar Alert

An interesting report from ynetnews.com indicates that there is significant enthusiasm in Israel for the investment potential of the Iraqi dinar:

Looking for investment opportunity? Try the Iraqi dinar
by Shlomi Shefer

Despite Trading with the Enemy Act prohibiting trade in enemy currency, finance minister approves trade in Iraqi dinar for another year. Buying Iraqi dinar at unprecedented lows could prove enormously profitable if and when war-torn nation returns to economic prosperity

Despite the Trading with the Enemy Act, which forbids trade in enemy currency, Finance Minister Abraham Hirchson renewed authorization to traffic in the Iraqi dinar for another year this week.

Technorati Tags: Israel, Iraqi dinar, investment opportunity

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

There are a lot of “experts” out there telling people to buy Iraqi dinar. But often these experts are also the people selling dinar. It’s relatively easy to find websites selling dinar with their in-house expert painting a seemingly convincing picture as to why Iraqi dinar are a good investment.

But finding truly independent and clear advice from acknowledged personal finance experts is more difficult. Few of the best-known personal finance gurus have expressed clear opinion on this topic, but the few who have are decidedly negative on the idea:

Technorati Tags: Iraqi dinar, selling dinar