Archive for September, 2006

A Backdoor Way to Invest in Iraqi dinar

Investors in commodities such as gold or silver have long known that a smart alternative to owning and safekeeping gold bullion is to buy stock in sound companies that mine and process the precious metals.

Might the same be true for Iraqi dinar?

The British company that prints Iraqi dinar under contract with the Iraqi government- De La Rue - has been doing quite well recently, according to recent newswire reports:

De La Rue Plc (DLAR LN), which prints paper money including the Iraqi dinar, gained 16.5, or 3 percent, to 569. The company said higher volumes of banknotes contributed to better-than-anticipated trading in the fiscal first-half.

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