This is a short guide to help you understand some of the ups and downs of buyiny the new Iraqi Dinars that are being sold at auction. I am neither for or against buying or selling New Iraqi Dinars.

Just a little advice about buying the New Iraqi Dinars. There are many sellers out there, but not many buyers. Banks will not exchange them for you and most sellers will not buy them back, and when they do, it is at a reduced price, well below value, not anything against them, but they have to resell them at the going rate. Like selling gold, you have to strike at the right time. When Dinar prices are on the increase there will be a hot market, know your selling point and stick with it. Look at previous highs and lows of the other Iraqi currency. If prices peak there will be many more sellers than buyers.