| If you do an Internet search for companies that | | | | these things will factor into your ability to make a |
| trade in currency, you may be surprised to find that | | | | profit from trading the currency. |
| there are dozens, if not hundreds, of web sites | | | | Many who advertise sales of the dinar will not buy |
| dedicated to promoting the purchase of the Iraqi | | | | the same currency. That should make you somewhat |
| currency. Many of them tout it as a get rich quick | | | | skeptical, because if it is such a good deal, traders |
| scheme. Others say that it is a patriotic way to | | | | would not only sell dinars, but also be interested in |
| support the new democracy of the Iraqi people and | | | | purchasing them. And they claim that even a fraction |
| their government. Still others base their marketing on | | | | of an upward movement in the currency can make |
| the notion that buying the Iraqi currency (the dinar) is | | | | you a millionaire. That may be true, but it is no |
| like buying a penny stock – it is so cheap that | | | | insurance that the currency will go up. And |
| you can afford to buy huge quantities, so that even | | | | meanwhile, currencies of other, more economically |
| a slight increase in value will guarantee huge yields on | | | | stable countries in the world – like Turkey, for |
| your original investment. But buyers beware, because | | | | instance – are cheaper to buy that the dinar, so |
| there is no proof that the dinar will make a | | | | why not invest in those currencies instead? The fact |
| comeback anytime soon. | | | | is that Iraq’s economic outlook is bleak, and the |
| Here are a few things for would-be investors to | | | | possibility of making huge profits by buying and selling |
| consider before venturing into ownership of the dinar. | | | | the dinar remain slim – at least for now. |
| First of all, there is still no official and organized | | | | Of course if you want to show your support for the |
| market for trading the Iraqi currency. This means | | | | country – and buy a souvenir for your |
| that even if you want to buy and sell the dinar as a | | | | grandchildren in the process – there is nothing at |
| currency trader, there is no way to ensure that you | | | | all wrong with buying dinar notes, as many of them |
| will be able to find a market for it. Without buyers | | | | as you want. They are very inexpensive – you |
| and sellers coming together in an organized fashion, | | | | can buy them for pennies – and they have some |
| the currency lacks liquidity – if you need to sell | | | | historical value as keepsakes from an interesting time |
| your dinars to convert them to dollars, you may | | | | in the long story of Iraq’s civilization. But to buy |
| have to wait days, weeks, or months to find a buyer | | | | them strictly upon their upside price potential is |
| to take them off your hands. And without such | | | | another thing altogether, and the inherent risk of |
| liquidity, those who broker the notes will be taking big | | | | such a purchase makes it more of a gamble than an |
| commissions, to make it worth their while. All of | | | | investment. |