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

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

XE.com which calls itself “the world’s most popular currency and foreign exchange (fx, or forex) site” has devoted a page on its website to an overview of the Iraqi dinar and its suitability as an investment. Their conclusion:

A number of people have begun touting so-called “investment” opportunities in the Iraq Dinar as a “sure way” to make a lot of money with little or no risk. Many of our clients have asked our opinion on the legitimacy of this.

Technorati Tags: foreign exchange, Iraqi dinar