There are quite a few people that are choosing to invest in Iraqi dinars due to diverse factors. The majority of the people are eyeing how the economy may be improving soon and in the long run, they can make plenty of profit from this investment.
Others are buying Iraqi dinars appears to be promising due to constrained competition from the dinar exchange industry. Some are investing in the diner because they consider buying it today is the chance to buy the money at the lowest possible cost.
image source: google
If you are planning to make an investment in the Iraqi dinars then here are some important points that you should consider before purchasing:
The first thing that you ought to understand is the difference between the new and the old Iraqi dinar notes. The old notes have an image of Saddam Hussein whereas the new ones don't.
You wish to buy only New Iraqi Dinars – old Iraqi dinars were substituted in 2004 when Saddam Hussein was overthrown and have little value except for possible collectors.
You'll need to keep an eye out for the exchange rate of the dinar as it's not traded in the global currency market. There's a really wonderful exchange rate calculator Google Gadget that it is easy to increase your Google homepage and monitor daily movements in the exchange rate value.
You can add this tool by visiting your google home page and clicking on “add things" and looking for “Iraqi Dinar Exchange Rate" then click Insert.
It's better for you to invest in Iraqi dinars with the support of an internet dealer who will provide you with real currencies.