Does the gain on this investment qualify as Capital Gain?

[SWAT_PR]

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[triathlete]

Yes, It does. Some countries don't have capital gains laws so some of us will be lucky!!

[Dryden01]

This is an interesting source in regard to your question:

http://www.maximadvisors.com/knowledge-library/international-tax-planning/US-Taxation-Foreign-Currency-Gains-Losses

This quotation from the above seems appropriate for our dinar investment but you should judge for yourself, employing competant tax advisrors:

"1. The investor may purchase a foreign currency in exchange for U.S. dollars and hold the foreign currency as a capital asset. Any gain or loss would be a capital gain or loss. "