Tag Archive: Iraqi Dinars

Important Checklist for Buying Iraqi Dinars

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.

Important Checklist for Buying Iraqi Dinars

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. 

Take the Dinar Trade Review

Today's Iraqi Dinar

Was it already five decades? How long has become the Dinar money in foreign circulation? Who knows? What most people are really concerned about how they can buy Iraqi dinar.

Take the Dinar Trade Review

Just a few take the data and analyze the upcoming expansion from the banknotes. How about you?

In the year 1982, when Saddam Hussein had reigned over Iraq, there was a subjective figure that was determined by himself and his party. They decided 1 Iraqi Dinar to be equivalent to 3 USD. However, that was seemingly a subjective figure.

When 1988 arrived, Dinar trade through the black market started to rise. In these days, IQD was among the most effective currencies circulating the Arab world.

The money even went stronger when Saddam was captured. As a matter of fact, in 2004, following the Gulf war, 1 IQD was equal to $0.00068. Unfortunately, Gulf war wasn't the only war Iraq had endured.

Why do speculators hold dinar notes in their hands?

But that was a long time ago. Now, Iraq is bringing back the shattered bits and solving the mystery to form another structure to bring back the glory days it once had. Following the fall of Saddam Hussein regime, Iraqis had their brand new set of government leaders and had successfully appointed Prime Minister.

The new set of principles and leadership encouraged the nation to try more for stability. This greatly brought the positive effect to the currency. Last October 19, 2011, the market rate was 1177 IQD to 1 USD however, it improved and moved 1166 IQD to 1 USD at January 1, 2012 – not much but there was the revaluation.