Forex for a trader
Iraqi dinar on forex exchange

Iraqi dinar on forex exchangeThe Iraqi Dinar is the currency of Iraq. Our currency rankings show that the most popular Iraq Dinar exchange rate is the USD to IQD rate. The currency code for Dinars is IQD, and the currency symbol is ?. ?. Below, you'll find Iraqi Dinar rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read the XE Currency Blog, or take IQD rates on the go with our XE Currency Apps and website. Notice: IQD may be redenominated. More info ? Top IQD Exchange Rates. Name: Iraqi Dinar. Symbol: ?. ?. Minor Unit: 11000 = fils. Top IQD Conversion: USDIQD. Top IQD Chart: USDIQD Chart. Inflation: 2.00% Coins: Freq Used: ?. ?25, ?. ?50, ?. ?100. Banknotes: Freq Used: ?. ?50, ?. ?100, ?. ?250, ?. ?500, ?. ?1000, ?. ?5000, ?. ?10000, ?. ?25000.

Central Bank: Central Bank of Iraq Website: cbi. iq Users: Iraq. Have more info about the Iraqi Dinar? Email us ? XE Currency Converter. Why are you interested in the IQD? During British occupation in World War I, the Indian Rupee was introduced as the first official currency of Iraq. In 1932, the Iraqi Dinar replaced the Rupee at a rate of 1 Dinar to 11 Rupees and was pegged to the British Pound until 1959. The peg was then switched to the US Dollar at a rate of 1 IQD to 2.8 USD. After the Gulf War in 1991, previously used Swiss printing technology was not available, resulting in new notes being of lesser quality. The previous versions of the Iraqi Dinar started being called Swiss Dinars. Due to excessive government printing of the new issue, the Dinar devalued quickly. New Dinar coins and notes were issued in 2003 to replace old Saddam notes to create a single unified currency. In 2010, the Central Bank of Iraq announced their plans to redenominate the Iraqi Dinar to ease cash transactions. The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged. Although the announcement stated that the change would take place by the end of 2010, no redenomination took place.

As stated by the Central Bank of Iraq, their mandate is to "ensure domestic price stability and foster a stable competitive market based financial system." For more information about the redenomination, read "Iraq Planning Currency Re-denomination." Iraqi Dinar (IQD) Currency Exchange Rate Conversion Calculator. This currency convertor is up to date with exchange rates from August 25, 2018. Enter the amount to be converted in the box to the left of the currency and press the "convert" button. To show Iraqi Dinars and just one other currency click on any other currency. The Iraqi Dinar is the currency in Iraq (IQ, IRQ). The exchange rate for the Iraqi Dinar was last updated on August 25, 2018 from Yahoo Finance. The IQD conversion factor has 5 significant digits. Wikipedia: Iraqi Dinar - History and circulation information. IraqiDinar.

org - Trading information including scams, fakes, facts, and analysis. RolClub: Iraqi Dinar Forums - Latest news and discussion from online investors. Currency Conversion Comments. exellent website, very easy to use, well done. Very easy to use-I've been looking for this. anyone else ever buy the new Iraqi Dinar? If you have Iraqi Dinar stored in your house, then keep a close eye on the exchange rate all the time. Yes I bought some new Iraqi Dinar. I keep hearing good things about this investment anyone else heard anything ?? Less surfing, easy to use, and saves time. For me, the less time I'm on the computer, the better! Yes, I have also purchased the NID and will continue to do so. Don't be fooled, this Iraqi Dinar Investment is a total scam. BEWARE.

I bought Dinar when I was in Baghdad. This was several months ago. Anyone have an idea on when we could see a profit? Check the kuwaiti dinar after the war with the iraqi's was over in the 90's, now its worth more than the USD. Iraq will be the same after we pull out. It was worth over 3 usd in the 70's before suddam took over. It will probably take years for a profit to show. Myself and some friends have bought into it. Right now you can only exchange it in Iraq and surronding areas. this won't change until it is recognized by the world market and that is when we expect it to take off. Invested in 1'000'000 Iraqi Dinar back several months ago, hearing it would be a smart investment. WRONG. No profits have been made, I only have lost money, but whats new right? If you don't want to wait to see if Iraq will be a sovereign nation. I will wait; I see changes here. this site is part of my daily routine and is like playing the lottery everyday and thank you for it. sapper out. if iraqi fully control on war and set own state matter.

than people earn profit up to 100%,like asiain countory. "There's a Sucker Born Every Minute" Yes I've purchased quite a bit of it and hope it goes up, up, up. My husband was in Iraq for a year and we bought in, no one ever said it would go up overnight, he also said he seen good changes, coming just like the cold war took time I wont give up. Yes I've also purchase Iraqi Dinars while here in Iraq (still here). It will happen when the currency is accepted by all banks that it would be a good pay off. 10 mil and waiting. The Kuwait Dinar did justice for me after Desert Storm. patience is the key. dont be swayed by these idiots that arent aware. the dinar is about to revalue near parity to the dollar. :) Have patience my young jedi apprentice. To become a master takes time. I too have invested in the Iraq Dinar.

I believe strongly in it regaining strength for various reasons. Almost all the people in the developed world would be aware of Iraq’s rich oil supply. Now that in itself is a good enough reason to look at the stability and growth of the economy – especially as world oil prices soar up and that is one reason why you should invest in the Iraqi Dinar right now. Iraq is also one of the worlds largest supplier of Natural gas. It also has an excellent importexport trade and a great abundance of fresh water, particularly important in this climate. As you can see, these are some very strong attributes to the countries economic growth. It is hard to imagine a country with such rich resources not gaining strength in it’s economy especially based on the history of it’s currency strength to that of the $US. Here’s another fact – did you know that before the war Iraq Dinar was trading at around $US3.30 to buy 1 Dinar? I also bought some Iraqi Dinars and I really do like this site. Thanks. I will be using it everyday now. We are all going to be rich if it works out. If not, it would make nice wallpaper. If you bought it. and it flops. It was a chance worth taking. Unless you put your life savings in it, what have you lost.

I went in with several people at work and bought a couple million. Nothing ventured nothing gained. Keep hold of them, listen to shotgunsusie as above. :0) the dinar will return to pre war levels. just hang on. it will be 2016 and we will all be rich. I think Andrew from Australia best summed it up for the sceptics! Me personally, I wouldn't invest in anything without doing my homework! This isn't the first time that this opportunity presented itself! Anyone unwilling or unable to wait for this investment to bloom, save your money because the recontruction of Iraq is going to be a time consuming process. The fact that the international community continues to billions into Iraq is a dead give away that something very tasting is brewing over there.

(Oil, natural gas soup anyone?) It's surely not out of the kindness of their hearts. You may not like GWB as a president, as wealthy as he is, he can buy new friends. I'll see all you positive minded investors at the bank!! I am nervous about my investment in the Dinar. But i too will stick around to see the results. And plan on purchasing even more. Just in case it does go up. I mean what the hell what is $700 if it will make you $1,000,000. Right. Where do you buy the Iraqi Dinars? I would like to invest but have never done so before. i believe we are all going to be in shock here in the very near future! those friend and coworkers with the to good to be true lines, will all be standing there with the look like a deer caught in the headlights! we can all tell them, you snooze you lose! as work now becomes optional to those of us that had the brain and balls to recognize and grab a once in a lifetime opportunity!! you should all be proud and hang on to what is about to happen!

this is the dog! Something Like This May Take 10 Years. Hang In There And It Could Be The Best Thing That Ever Happend To Your Checkbook. I, too, invested in the Iraqi Dinar. I'm not someone who invests a lot. I don't have the cash to do that. But, I see something that totally makes sense to me. Iraq will come back. I've bought 1,125,000 over the last year and a half. I may buy another million in January. Then, it's a waiting game. It could take a year, five, or 10. I'm willing to wait.

Like a previous post said, what's 700 if you get a million out of it? If it turns into nothing, then whatever. Nothing ventured, nothing gained. Here's to the waiting game! I have a good feeling about it, and I will buy and buy more and more. I am trying to find info on the Kuwait dinar, the price during the conflict, and the history of its exchange. The info is hard to come by. Anyone out there who hs this info.? This could be a good indicator as to what to expect from the Iraqi dinar. Sources tell me a revalue of Dinar in mid-December. Perhaps as much as $1.47 to 1USD. I just arrived to iraq and keep hearing people talk about this topic.

I'm a gambling man and i believe good things will come out of this. It's hard to go down from this price. Live life on the edge and go for it. I'm getting 2 or 3 million. Rolling the dice, my blood is already flowing. Just be patient and let the good times roll. OK, around January and Febuary, 1 Mil in Dinar was worth about 640.00 US dollars, now it is worth 697.00 US dollars, this is not gonna happen overnight and the situation is still unstable, me i'm going to remain optimistic and hope the situation turns for the better. why dollar is going down and down. if it does, nt work at pressent don, t worried about it everybody looking for bright futer it mean u are going to be milloineior if u spend ($1000) keep percashing them best of luck for upcoming futer. $1.32 Dec 15th 2006 just heard, but we shall see. (do not buy on a rumor) I have seen many rumors come and go along with many involved have. With all the news I think this one has the most suport! what a merry christmas it would be. DO NOT GET OUT OF THIS INVESTMENT! This site never reply my question. This worse thing is I have paid some money for them via credit card to buy Iraq dinar and never get the it. Beware!

Don't do the same mistakes. Take a look here for more of the SGS BS. rolclub under dinar investments. She's claiming 12-14-2006 for the reval. Please note: She's been hyping a new date every month. Take a chance, I spend more than when Im in Vegas. Its not like I will be out big money if nothing ever happens. And well there is nothing but oil in that country so I take the chance, you could be able to make a little something. IT'S going to pay up. Smart investing takes patience, some time it takes nerve. From banks to governments to we the people are going to see a positive out come here .

GOOD FORTUNE TO ALL. Check the central Bank of Iraq and the numbers dont jive form this site. Need to get on top of the game.. Does anyone know what is the total amount of dinars in circulation today as compared with pre-war levels? I have 6 million dinars and will purchase 4 million more for a total of 10 million. I feel it will be 5 to 7 years before it takes off. Hang in there! Iraqi dinar in the U. S. Everything takes time. If you payed $700 to $1,000 for a mil in ID thik of it this way. If you bought a lottery ticket and a lotto ticket twice a week and a quick pick lottery every day, are you better off? It is a gamble, building a nation. We did it 200 plus years ago and it was not overnight. I know that If I would have done this after we liberated Kuwait I would be rich today.

An investment is a chance, if you buy iraqi dinar, you are taking a chance. I am guessing it will take up to 2 years for you to see a a major profit, 10 ID to 1 USD or better. Question is can you invest your money for that long and wait for your investment to pay off. What is the comparison of pre year 2000 dinar to present circulation ? I have purchased dinar as well .. I have over a million also. but where can you cash them in besides Iraq? No banks or exchange companies take them. What about taxes? When you get a million US $ the IRS will want a cut right? Hey im new to this site and dont know really whats goin on here. can anyone help me out how much is 25,000 diners converted over to U. S. Currency.

I don't know where I can get some of this currency? Any smart guy can help me? I think if you invest a $1,000 and it bombs then oh well, at least you gave it a try! I've spent more in one weekend on hookers and nose candy! However, if the exchange rate skyrockets then you are literally a Millionaire! Even if it only goes up to a meesley $1 exchange rate. Sure it's a long-term investment, 5 to 10 years maybe longer, big deal. Our government is the result of years of hard work and dedication all dawning from an idea that inspired several individuals long before the signing of our "Decloration of Independance" in 1776 over 200 years ago. You would have to be a fool to think Iraq would be able establish the same result in only a few months or years. However, with the US playing a key role in that development it isn't unrealistic to believe that we could see that change in the not-so-distant future of Iraq. Our US government is directly involved in helping Iraq establish a democarcy. There's absolutely only one reason why our country would have any interest in some shit hole country in the m. So say our dreams come true and the dinar is 1 to 1, how do we go about selling it back? What about taxes? Is our dinars recognized by the us treasury? If you don't have these 3 virtues, then stick to the craps tables. I can see that all the negative comments are from children that "want it now". And stop watching the alphabet channels while sucking on your thumbs.

Heh.. What you people thinking heh.. Getting rich without having to work Heh.. By the way I also bought some Heh.. Best of Luck Heh. I worked Iraq for 13 months. I saw a huge difference before I came home. New schools, homes, new construction every where. Iraq will thrive because the Iraqi people are good people and they are so labor intensive. They will make it work because they want a better life. I have faith in Iraq and so does the many countries who have forgiven most of Iraq's national debt. A lot of money is going into rebuilding Iraq's economy and a lot of countries are working to help them accomplish this task. I brought home 11 mil :) Don't get edgy. It is an investment that will come good but my safe guess is that it's not you but your children or may be your grand children will benfit more. I can see BIG dollar signs already! Soon iraq will be restored to normal order and we smart ones in the population of 6 billion people will cast down our gauntlets and proclaim or new found glory!

God bless dinar! I have accumulated 40,000,000 dinars and lets wait for it to go up. Anyone interested to do trading would be welcomed. Given the right price, we can do business. :) Cheers. i have id, when it comes on the market where do i take it for conversion? please name the banks in america, and provide the method, step by step of the conversion process. i know this will happen, bush is going to make it happen. just listen when he speaks. HI a year before war wath was Iraq’s Dinar value(according to USD)? I am also one of the Investor among so many. I bought ID last year. Now I am getting some profit but I hope every investor shall get much profit if he keeps the investment. sure if u got some iraqi dinar will be worth so much in future befor the war of 1990 1 ID = 3.30 $ so i think will be same or more than in future too so i think its good business (but if u dont have the luck dont try ) If in the U. S. buy it at Chase bank at todays going rate. its safe.

I bought some for my 1yr old son. Hopefully by the time he's my age the'll be worth Millions. HOPEFULLY! I have also purchased 2 million. And i know that there is lots of (black gold) and gases in this region. But still some doubts in my mind and i use to gather informations about it so please if any one know some thing more please contact me on [email protected] com. i keep hearing words like new dinar, i bought my dinar almost 2 years ago. whats new about that? how 1=1 if hiest currancy=25000 dinar. if we gain and becoms milliomers then how will lose. can anyone answer the question of what we do with the IQD, like where to exchange, and do we have to pay taxes on it? no! right. I invested as well. Some history can be found.

You can find many other sites by looking up "iraqi dinar history" in your search engine like yahoo. It looks like this is a new currency started on October 15,2003. The old currency is no longer good. I still feel the value will go up cause their factories are not up and running right now (thats what I read somewhere) When they get straightened out for the better then they will most likely keep this cuurency and I feel it will go way up. I'm a modest buyer and only bought about 100,000 dinars. My advice is to only buy what you can afford and willing to give up in case things don't get better. what happens when they change the currency because the country is a bout to face a civil war then all the dinar bought was a waste, it will happen so also just so they can make money off of us. This currency calculator is provided in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. Choose From Popular Packages. Choose Denominations to Buy. Buy your Dinar with SafeDinar. com. When we founded our company in 2004, we offered two exclusive services: buying and selling Iraqi Dinar. Twelve years later, the Iraqi Dinar is one of 79 different currencies we exchange and remains among our most popular offering. Throughout it all, we have maintained a spotless A+ BBB rating. While the history of the Iraqi Dinar goes back to 1932, the New Iraqi Dinar currently in circulation was implemented by the Central Bank of Iraq (CBI) in 2003 . This is the sole variety of Dinar exchanged on SafeDinar. com. In 2014, additional security features were integrated into Dinar banknotes, but these changes have no bearing on the value of the notes.

Why Buy from SafeDinar. com? Whatever your needs, our role as a currency exchange is to facilitate your transaction as quickly as possible . Whether you select our two-day or overnight FedEx shipping options, we work to deliver your currency at the best rate possible. How Much Is The Iraqi Dinar Worth? When purchasing the Iraqi Dinar, the rates we offer you are determined by the current exchange rate set by the CBI, the types of notes you select, and the general availability and demand of the Iraqi Dinar at that time. If you are not confident that now is the right time to purchase Iraqi Dinar, consider signing up for our exchange rate alerts, a free customizable service. Is Buying Iraqi Dinar a Scam? Since its introduction in 2003, the New Iraqi Dinar has been subject to numerous scams. The most common of these is when someone claims insider knowledge of an imminent revaluation of the currency, usually with the understanding that interested parties buy the currency directly from the scammer. Occasionally, the existence of these scams is suggested as proof that the purchase or sale of the Iraqi Dinar itself is a scam under any circumstances. In truth, the Iraqi Dinar is a perfectly legitimate currency for goods and services within the Republic of Iraq, and buying the currency is no more a scam than buying any of the other 78 currencies we exchange. For more information on the variety of scams connected to the Iraqi Dinar, see our Money Talks blog post.

The FAQ below should handle many of your Dinar-related questions. If not, simply click the chat bubble on the bottom-right of your screen to make use of our live chat service, or contact us directly via email. Some Considerations When Buying Iraqi Dinar. ? Rates - With a current buy rate of $1,076.00 1M IQD, we offer the most competitive price on the web amongst other reputable dealers. ? Confidence - When buying currency, knowing the reputation of your seller is the best way to ensure a safe, secure transaction. With over 14 years in business, SafeDinar. com has an excellent customer service rating - we post customer feedback, which is updated on a daily basis. As a registered money business service (MSB), you can count on us to facilitate your transaction in full compliance with State and Federal laws applicable to Currency Exchanges. Currency is processed via state-of-the-art currency handling machines and your purchase includes the SafeDinar. com Certificate of Authenticity. ? Information - Safedinar. com provides superior service in part by staying up to date with regional, political, and economic news and changes to the local currency market. We're helping you to stay informed with a free, dynamic Exchange Rate Alert service.

You can now set parameters for any currency we exchange and receive alerts by email when changes occur. Additionally, we offer a constantly updating currency dashboard to provide a central location for rates and changes, useful information, and market data in a number of currencies. ? Access - Don't go it alone! Need to ask a question? We're here to help. In addition to ordering through our easy-to-use, secure interface, you can contact us directly at our offices at 877-723-3391, or by email 247. We can answer questions about the order process, and assist with every aspect of the purchase or sales process. To receive updated news about our company and the currencies we offer, you can sign up for our newsletter. SafeDinar. com offers fifteen international currencies for sale with more coming soon. We also buy back all of the currencies we sell. 2 Choose Denominations.

Easily add popular denominations to your cart with one click, or choose exact denominations for the amount you want to order. Use our quick and easy one-page checkout to confirm your address and place your order. 4 Customer Verification. We provide multiple convenient & secure methods for you to deliver documents required to comply with US Treasury and state guidelines. 5 Shipment & Delivery. We offer multiple shipping and payment options to buy currency on your terms. Top FAQs About Buying Currency. Q I am a first time customer. How can I get a better level of comfort about ordering from SafeDinar. com? A We understand your concern. SafeDinar. com has been in business for over 14 years now and we have served thousands of satisfied customers.

Please feel free to: View our Treasury Registration. Alternately you may visit the US government website for Money Services Business, msb. gov. Select the state of Massachusetts, you will be prompted to download an Excel file, our listings are records 12 and 13. We are a registered MSB (Money Services Business). Review the Forums on the web where people relate their buying experiences with the different currency exchange companies. Place a small transaction to start and then make your decision about any further transactions. Review our customer Testimonials - we are very proud of the feedback that we get from our customers. Click here to see customer testimonials. Check out our record with the Better Business Bureau either by clicking here or by calling the BBB directly. We get thousands of BBB inquiries every year. Q Why do you ask for a copy of a driver's license or other information on certain orders? A As a registered MSB (Money Services Bureau) we are given guidelines from the US Treasury Department regarding transactions where secured funds are involved (cashier's checks or money orders).

The treasury regards these transactions as cash transactions. These rules were set up to identify people who might be laundering money. It is known as the "know your customer" rule outlined under the Patriot Act Compliance guidelines. The information that we collect is not shared with anyone, but must be available in the event that we are audited. We use the guidelines given to us to determine when a driver's license is required. We are not at liberty to discuss what those guidelines are. Any further questions should be forwarded to the main office for further explanation. Please note that the fax of the driver's license must be legible before we will ship the order. In an effort to save time we suggest the customer enlarge the license image before faxing, or use our preferred method of scanning and e-mailing to [email protected] com. Q Do I have to be at home to receive the package? A For COD orders, someone must be home to give the check to the driver. The driver will not leave the package until payment is made. For Pay by Mail orders, a signature is required.

Q How do I know the notes are authentic? A Every order includes a Certificate of Authenticity. We have taken steps to verify the authenticity of the currency. View security features here. Q Can I buy dinar with a credit card? A We do not currently accept credit cards as payment. We have researched the possibility of accepting credit cards; however, most credit card companies (including Visa, Master Card, and American Express) will not authorize a transaction for a currency exchange as a traditional purchase. Most credit card companies would categorize that transaction as a cash advance, which can be an extra fee the for the credit card holder. Additionally, there would be an a transaction fee from the credit card company that we would need to pass along to our customers. We will periodically research the possibility of accepting cards, and if possible in the future, we may offer that option. We have found that our customers are very satisfied with our payment options (Collect on Delivery and Pay by Mail). You receive your order within 1 business day of providing proof of payment. You choose which one works best for you and there are no additional transaction fees. Q What forms of payment do you accept? We currently accept secured checks that are available from your bank or credit union.

We are able to accept the following forms of payment: Official Bank or Cashier's checks Bank Money orders Credit Union Official checks Credit Union Money orders. We can no longer accept : MoneyGram Money orders US Postal Money orders Walmart Money orders Western Union. We are actively working to expand our service and offer new payment methods. Have a question that's not answered here? View All FAQs. Choose a Currency. Choose a Package. Buy Iraqi Dinar from Currency Liquidator. Just as it is with any other purchase, knowledge is the key to success when buying the Iraqi Dinar. The more knowledge you gather before you buy , the more success you'll enjoy after your purchase. In order to be successful with the Dinar , you'll need to have the most accurate information about Iraqi News, Politics and the Dinar and work with a leading currency dealer. Whether you buy the Dinar as a currency collector simply because of Iraq's brightly-colored banknotes, or whether you buy it with an eye toward a future currency exchange with Currency Liquidator , there's a lot to know about Iraq's economy and currency .

Oil Drives the Iraqi Dinar. Given the world's insatiable appetite for oil and gas, Iraq's dominant supply role is likely to become even stronger going forward. Although it's difficult to predict the future with certainty, it seems likely that sometime in the near future Iraq will grow into a regional and international energy superpower based on its rich reserves. In fact, Iraq seems on-track to replace Saudi Arabia as the region's wealthiest, most-developed nation within the next few years. What does this mean for the Dinar? A nation's economy, as well as the value of its currency, depends on its natural resources . Iraq's exceptionally large oil reserves are like “money in the bank,” available to meet the young democracy's needs as it continues to grow. Eventually the exchange rate of the Iraqi Dinar should adjust to reflect the true value of the country's oil wealth. This seems likeliest to occur once the Dinar’s exchange rate is not artificially set or controlled by the CBI. When that occurs, the strength of Iraq's economy will rapidly become obvious to all observers worldwide, not simply those few individuals who have taken the time to research it. Iraq’s Oil Has Changed the Future for Iraq and Their Currency. Since the Gulf War and the ouster of Saddam Hussein several years ago, the Dinar has been considered interesting by many observers of Iraq's economy , especially in light of the country's booming oil industry. Nowadays, more and more people are discovering Iraq's economic success story . Encouraged by Iraq's rapidly-growing petroleum industry and favorable demographics.

Iraq's economy has been growing steadily each year since the ouster of Saddam Hussein in 2003. The country is blessed with enormous oil reserves, and thus far only a tiny fraction of potential oil-bearing sites have been explored. Fueled by petroleum, the economy is expected to perform even better going forward. In recent years international oil companies including: These companies have flocked to Iraq , drawn by the opportunities to develop its oil and gas resources. Although these companies were first active in Iraq beginning in the 1920s , they were absent from Iraq during the Saddam Hussein era. Regardless of ongoing political friction throughout the region, Iraqi oil is flowing freely. The nation now exports increasing quantities of petroleum each month , and there are plenty of revenues to drive the nation's development, including government spending for infrastructure and social programs. Because of its underlying oil wealth , Iraq is inherently a very rich country . Large-scale government construction and development programs include: Two major maritime shipping terminals to serve the oil industry multiple refinery projects numerous explorations are currently underway for new oilfield discoveries. The government is also making great progress in non-oilfield infrastructure development: The central government is building or upgrading hundreds of local roads and bridges throughout the country, They're also nearing completion of the world's single largest residential housing complex, with more than 100,000 homes and apartments for Iraqi families. Iraqi Dinar Currency History: What Set Current Exchange Rates. The Iraqi Dinar (Symbol: IQD) is Iraq's official currency . Issued since 1931 by the Central Bank of Iraq (CBI) , it's one of the world's most important yet under-recognized currencies.

Of course, banknote collectors also like the Dinar because IQD notes are colorful and interesting. The value of Iraq's currency was arbitrarily set by: CBI at a very conservative level in 2003 was the low point of the Iraqi economy In 2003 a low-valued Dinar seemed appropriate. At that time the local oil industry was stagnant after years of UN sanctions had made replacement parts and new technologies unavailable. Oilfield exploration had stopped during Saddam Hussein's reign, and Iraq was producing and exporting only a trickle of oil. Since then the nation's economy has fully recovered. Iraq is thriving , and infrastructure development is progressing throughout the country. Yet, even though the economy has grown enormously since 2003 , and the government has amassed huge reserves of cash and gold bullion to store Iraq's wealth, still, the foreign-exchange rate of the Dinar hasn't kept pace. The IQD is still officially valued at nearly the same price level where it was fixed by the CBI twelve years ago – The Dinar's value hasn't risen to the level expected by many observers. The value of any country's currency is ultimately based on the strength of its economy and the wealth of its natural resources. By any of these measures, Iraq is a very wealthy country. That's why so many people are enthusiastic about Iraq , and feel so strongly about the Iraq economy. How to buy Iraqi Dinar Safe and Secure.

When buying Iraqi Dinar currency from a leading dealer with an authenticity guarantee, there are no worries about counterfeits. Dinar banknotes feature highly sophisticated security measures: Including watermarks security threads color-changing inks. Iraqi Dinar Notes are Highly Sophisticated to Protect Their Value. The CBI has had the full benefit of American technology and insight in designing the new generation of Dinar currency introduced in 2003 after Saddam's departure. In fact, Dinar notes feature SPARK® ink technology , which is the state-of-the-art in anti-counterfeiting technology. Beyond the color-change viewing effect achieved by tilting the banknote, SPARK® also displays a bright ring that moves around the central point of the image as the note is tilted. Dinar notes are also scanner-readable, and they even feature raised Braille lettering for use by the visually impaired. Buying Dinar From Currency Liquidator gives you options! Iraqi Dinar notes and denomination options. Today's Dinar banknotes are most commonly issued in the denominations of IQD 25,000 and IQD 10,000 . In the past, the CBI also issued smaller denominations including notes worth IQD 5,000 as well as IQD 1,000 and 500 and 250 , plus a 50 note. Due to inflation, today these smaller notes are rarely used in everyday transactions. Although some people have claimed that uncirculated (never used) banknotes are more valuable than circulated (used) notes, the reality is that all Dinar currency is spendable and redeemable , whether it's fresh from the mint or whether it's already been circulated in commerce. How to buy Iraqi Dinar.

When you're ready to buy the Iraqi Dinar or any other foreign currency, you should work with a leading currency dealer who will ensure your satisfaction. Although there are many currency dealers online, basic research quickly reveals that most of them are marginal, and some of them are outright questionable. The best place to buy Iraqi Dinar. It's always best to work with a dealer who offers the lowest prices for Dinar and other currencies, as well as providing exceptional customer service and support, convenient payment options. When you buy Dinar , at a minimum you should insist on receiving a full guarantee to cover authenticity of the banknotes . The very best dealers also offer more: A buy-back guarantee that allows you to sell your Dinar back to the dealer if you decide you no longer want the currency. Buy Iraqi Dinar with echeck. The best dealers accept e-check because it's fast, easy and safe . Most importantly, a leading currency dealer will be fully registered with the U. S. Treasury as a money-services business , as well as being an A-rated member of the Better Business Bureau , and be in good standing.

In fact, the leading dealer, Currency Liquidator, has zero complaints listed against it through the Better Business Bureau. That's an exceptionally strong qualification to look for when you're ready to buy the Dinar. Should I buy Iraqi Dinar? As with any business decision, before buying Iraqi Dinar you should perform appropriate due diligence and consult your own trusted, third-party professionals . Here are some things to consider: Iraq's economic growth Political stability Oil industry development Monetary policies. The Dinar's value has fluctuated over time. Before Saddam Hussein's mismanagement caused the Dinar's value to drop during his years in office, the Dinar was much stronger. Fortunately, since Saddam's ouster in 2003 the Iraqi economy has improved dramatically. There are plenty of economic indicators suggesting the best for Iraq is yet to come. Many people are enthusiastic about the Dinar .

For those wondering what may be an appropriate target value, it's important to recall that in the years before Iraq's economy was stunted by the UN sanctions against Saddam, the Dinar has at times been worth more than USD $3 each. In 2003 the foreign exchange rate for the Dinar was set at an artificially-low level to account for the economic stagnation caused by the Gulf War and Saddam's mismanagement. However, since then the economy has skyrocketed thanks to the country's booming oil industry. Given the country's oil wealth, the Iraqi economy should do even better in the future. Logically, sometime in the future Iraq's economy and currency will receive the full attention they deserve. The New Iraqi Dinar note has several advanced anti-counterfeit measures, which are easy to identify and extremely difficult to reproduce. Select the Denominations. Select the currency and denominations you want to sell. Select the # of Notes. Enter the total number of notes you want to sell. See a price range you will receive for your currency. Sell or Exchange your Iraqi Dinar with Currency Liquidator. When it’s time to sell or exchange your Iraqi Dinar , you’ll want to be sure of receiving the best exchange rate for it . The better informed you are when you sell your Dinar , the more successful you’ll be in the process. Let’s take a look at the best ways to sell or exchange IQD . We will exchange your Iraqi Dinar.

In order to exchange your Dinar , you should first: gather together count the quantity organize your Dinar by denomination banknotes you wish to sell. This is especially important if you've purchased several different batches of banknotes, perhaps even from different dealers. Most collectors keep Dinars sorted according to the denomination of the banknotes . These are generally IQD 25,000 and 10,000 which are used as the most common denominations for commerce, followed by IQD 5,000 and a variety of smaller dinar denominations . Click here to read more. Banknotes are used for almost all purchases in Iraq. Although the Central Bank of Iraq (CBI) has minted Dinar coins periodically, they're rarely used in commerce nowadays. For most transactions, both local Iraqi merchants and international buyers prefer the IQD 25,000 and the other large-denomination banknotes instead of coins or low-value notes. The physical condition of your banknotes is important, and sometimes it's not. To exchange Iraqi Dinar confidently, you should first examine your banknotes to determine whether they're uncirculated or circulated . To learn how notes are graded see this site. Uncirculated banknotes are those which have never been used in commerce – They're crisp, clean and unwrinkled . Often, they're still wrapped in plastic as delivered by the bank to the currency dealer. Circulated notes are those which have been used in day-to-day business. The condition and appearance of circulated Dinar notes may range from: almost-new barely-circulated heavily worn soiled notes near the end of their working lives.

Although some currency dealers have marketed uncirculated notes as superior to uncirculated, the reality is that both kinds are accepted at the same face value in commerce and are therefore redeemable in Iraqi banks at the same Iraqi Dinar exchange rate . The best dealers offer a fair market price for both uncirculated and circulated Dinar notes. Iraqi Dinar exchange rate. Since the downfall of Saddam Hussein in 2003 , the Iraqi Dinar exchange rate has been of great interest to observers who are watching Iraq's economy, particularly because of Iraq's booming oil industry. The Dinar exchange rate , just like the foreign exchange rates for any other currency, depends on the nation's economy and its assets . The stronger the economy grows, ultimately the stronger the currency should become. Nowadays, more people are noticing the success story on the ground in Iraq – The economy is growing very rapidly and is backed by the world's fourth-largest oil reserves . The oil industry is thriving in spite of occasional flare-ups of political conflict. Iraq's future seems to be recovering, and international companies are continuing to flock into the country seeking lucrative development opportunities . During the twelve years since Saddam's departure, hundreds of foreign companies have begun doing business on the ground in Iraq.

Most of these companies are very well-capitalized and they have long-term plans to be in Iraq. They're not afraid of scary headlines in the newspapers because they're fully committed to a development horizon lasting decades. Still, individual Dinar owners occasionally change their goals . Many people decide to redeem their Dinar in an immediate exchange instead of waiting any longer. If you need money for unexpected medical expenses, travel or other circumstances that arise at times, then you should consider selling your Dinar . The Iraqi Dinar exchange rate that you receive will depend on the dealer you sell to. When you work with a leading currency dealer like Currency Liquidator, you'll receive a guaranteed best-price offer when you're ready to sell Dinar. What's your Dinar worth? When you're ready to sell Dinar you should check pricing at a leading currency dealer. You'll discover that an exceptional dealer offers full guarantees for both buying and selling Dinar. A licensed and bonded dealer like Currency Liquidator provides authenticity guarantees as well as the foreign-currency industry's premier guaranteed buy-back program .

This means you'll have no trouble selling Dinar banknotes whenever you want to exchange them. The guaranteed buy-back program ensures that you'll have a strong, reliable buyer that will pay top dollar when you decide to sell . When you sell Dinar to a leading currency dealer, you can be confident about receiving the best Iraqi Dinar value . And, you'll receive your payment quickly and easily. How or Where to sell my Dinar? The Internet is awash with wannabe currency dealers who are several intermediaries away from any direct Dinar sources. They're unable to offer competitive pricing because in most cases they're simply buying currency from a bigger dealer for resale . Instead of dealing with a newbie, when you're ready to sell Dinar or any other kind of foreign currency , it's best to talk with a top dealer who can offer the best price and provide excellent customer service. You should only do business with a long-time, well-established dealer that is a leader in the Dinar community , such as Currency Liquidator . One advantage of working with a leading dealer is having the confidence and peace of mind to ship your currency package to that dealer sight-unseen . With all the recent closings of currency dealers this is more important than ever. After receiving and reviewing your banknotes , the dealer will promptly pay you the appropriate Iraqi Dinar exchange rate . You can be certain you'll receive the full Iraqi Dinar value to which you're entitled. Should I sell my Iraqi Dinar? Anytime you make a business decision, you should first do the proper due diligence to ensure the best choices.

Always consult the opinion of a licensed financial advisor. If you're thinking about selling Dinar, here are a few things you should consider – How much cash you need right now The best dealer to sell your currency to Whether to sell all or only a portion of your Dinar. The Iraqi Dinar value fluctuates over time , the same way that all currency values move in cycles. Keep in mind that when you sell any currency you'll need to account for the difference between buying and selling prices. In order for dealers to earn enough margin to operate their businesses, there's always a difference between “buy” and “sell” prices . The difference between these “buy” and “sell” prices allows currency dealers to stay in business. It's like buying any other product: When you buy a product off the shelf in a store , the price you pay (retail) is always higher than the price that same merchant would offer to pay you (wholesale) if you were to sell merchandise in bulk to him. In any event, decide how much you're willing to accept for your Dinar after doing the appropriate homework. Generally, if you need the money right now it's best to simply sell your Dinar to a leading dealer who will offer a fair price. Is it time to revalue my Dinar position? Most folks periodically take some time to stop and revalue the possessions they’ve accumulated. In many cases, this assessment and reevaluation of what they own leads them to sell Dinar or other possessions. If you need cash, selling your Dinar may be the best way to quickly meet those needs.

When you're selling, the most important factor for success is finding a well-established dealer that can offer you the best price. Best of all, only the top currency dealer offers a guaranteed buy-back program that pays you a fair market price, regardless of where you bought your Dinar. The New Iraqi Dinar note has several advanced anti-counterfeit measures, which are easy to identify and extremely difficult to reproduce. Is the Iraqi Dinar Investment a Wise Investment? What does it mean to "invest" in the Iraqi dinar? In simple terms, it's conducted in the same fashion as any currency investment. You purchase ‘x’ Iraqi dinar (IQD) by paying ‘y’ U. S. dollars (or your domicile currency). As with buying stocks, bonds or other currency, you purchase dinar at a given price and then expect the price to rise. The real question, though, is not just "can" you invest in this particular currency, but rather "should" you invest. (Check out Investopedia's large selection of forex tutorials.) Is there the possibility of a scam in such an investment scheme? Financial scams usually have certain characteristics. A few tip-offs include: If the scheme is run and promoted by individual agents instead of known entities; If there are heavy unofficial promotions through internetemailstelemarketing calls instead of open and fair marketing; If transactions occur primarily through street-based dealers, high variations in available rates, and high markup fees yet promises of overly exaggerated returns. In the case of the Iraqi dinar investment scheme, there might be additional red flags: Reputed banks (e. g. Wells Fargo) abstaining from offering forex trading in Iraqi dinars; States like Utah issuing warnings against such investments; Very wide bid-ask spreads; and Impractical reasoning (discussed below) justifying Iraqi dinar as a "perfectly safe" and "sure-shot high return" investment scheme. All these factors give rise to further doubt (See Investopedia's tutorial on Investment Scams.

). First, here's a very rudimentary explanation of what it means to invest in a currency. For example, let's say the Iraqi dinar forex rate is 1 US$ = 1160 IQD (as is the case, approximately, in August 2014). If you invest US$1000 in Iraqi dinars with that rate, you will get IQD 1.16 million. After this “investment,” you will wait and watch, expecting the IQD to rise against the US$. If your expectations come true, and the exchange rate improves to a hypothetical value--say 1 USD = 1 IQD, then your investment is now worth US$1.16 million. Under this hypothesis, the investor would become a millionaire by investing US$1000, which grew to US$1.16 million. But what happens if the dinar takes the opposite direction? Say it deteriorates to 1 US$ = 2000 IQD. Now your invested holding of IQD1.16 million is only worth US$580. Effectively, you have lost $420 on your investment. The big question, Is the Iraqi dinar Investment a hyped scam or can any profitability be achieved? First, let’s begin with the positives: Although speculative thoughts about Iraqi dinar Investments have been going around for a long time, there were developments based on reports which led to spike in speculation in IQD-US$ trading (like the statement issued by IMF around mid-2007, in the post-Saddam Hussein era). It mentioned the International Compact with Iraq , which was interpreted in multiple ways and led to further speculation in the Iraqi dinar currency trading. “ (Iraqi Authorities) have taken some courageous measures, including the gradual increase in domestic fuel prices and, starting in 2007, the elimination of all direct budgetary fuel subsidies, except for kerosene. Iraq has also embarked on an ambitious structural reform program, in order to make the transition to a more market-based economy. ” The article further states: “ To combat inflation, action has been initiated on three fronts. First, the Central Bank of Iraq raised its policy interest rates sharply and allowed a gradual appreciation of the dinar.

These measures aimed to de-dollarize the economy in order to enhance the central bank's control over monetary conditions, and also to reduce imported inflation. ” Just prior to these, the IQD-USD exchange rate was around 1270 (April 2007) and as of August 2014 it is around 1160 – a positive return of around 8.5%. No big significant price moves have been observed since then, considering the long duration. Trends further down the line will depend on the current and future developments in the region. Current Situation & Future Prospects of Iraq: Civil war, regional fights and western countries staying away are major concerns of current Iraq, with the extreme possibility of the country splitting into three separate regions. If that happens, the payday may as well never come for investors holding Iraqi dinar and waiting for value appreciation. Backed by the oil reserves, Iraq has the potential to spring back and establish itself as a stable economy. It managed to do so after the eight-year long Iran-Iraq war. But that will need a peaceful, promising business atmosphere to establish investor confidence, which will in turn help revive its economy and bring back the IQD forex rate to realistic levels. Now to the other side of the coin: There are reasons pointing to Iraqi dinar investments being a hyped scam, most important factor being IQD literally trading in the “forex black market” instead of regular banks and trading desks. Additionally, the following incorrect statements are heavily publicized by the propagators of Iraqi dinar Investment schemes: “ IQD is heavily undervalued at present and will rise significantly against USD in mid-to-long term due to a pending revaluation bound to happen soon ” Supporters of Iraqi dinar Investment are reported to be confusing the two economic terms - Revaluation vs. Redenomination .

Revaluation is the actual calculated adjustment made to a country's official exchange rate relative to a chosen baseline (gold or USD). Revaluation results in that currency becoming expensive to the base currency by the factor of adjustment and hence changes the purchasing power of that currency. Redenomination is done in case of high inflation levels by old high value notes being made equal to new small value notes (1000 Old dinars = 1 New dinar). It simply drops off the zeroes keeping the purchasing power the same as before . There are confirmed news items that Iraq did plan to redenominate its currency, but not revaluate. In the absence of any revaluation, there is going to be no change in the forex exchange rate of Iraqi dinar IQD (with or without redenomination). Economists also point out that it would not be beneficial to the Iraqi economy to allow any such value appreciation by the authorities (even by means of revaluation). Doing so will lead to multiple problems for Iraq: The inability to repay the national debts due to revised valuations Literally putting barricades for foreign companies to enter Iraq for business Overall restricted growth in the post-war era, due to ripple effects of above. 2. “Similar 'Revaluation' Of Kuwaiti dinar is a historical proof ” Some try to encourage investment in the Iraqi dinar based on the success case of the “revaluation” of the Kuwaiti dinar (KWD), which today is a high valued currency. However, this is misleading. While the official Kuwait Government Site does mention a new release of notes following the Iraqi invasion, there wasn’t any revaluation. The new release was to prevent use of stolen and looted old Kuwaiti dinars. In the Kuwaiti example, the pre-war forex rates were retained, simply changing the bank notes.

It is also impractical -- and economically impossible -- to “revalue” a currency in such a way that its value increases many fold, without there being a real addition to the reserves. 3. "Post War development may take time, but always gives good results" Examples of European countries like the Netherlands, UK, etc. are cited in this case in an attempt to justify an Iraqi dollar investment. These other countries managed to make a rapid comeback from the effects of World War II, and are today considered among the developed countries. One important fact missed here is that these countries were able to progress faster because the war situation was completely different from the Iraq War. It was then a case of world war where the European countries in question were on the winning side and got maximum support in the post-war aftermath. The case of Iraq, by contrast, is more of a civil war, where there exists a possibility of the country being split into multiple fragments. Even if it stays as one nation, it will still take a good long time for the economy to recover. 4. “Executive Order 13303 gives Americans special legal rights to hold or invest in Iraqi dinar” Order 13303 is for protection of “ the Development Fund for Iraq, Iraqi oil products and interests – including ownership by U. S. persons – from any legal attachments or liens” . It does not mention rights or protection for investments in Iraqi dinar, at all, by anyone. 5. The Iraqi dinar is still a good buy, even without a “revaluation” This is based on the strong belief by a few investors that Iraq’s oil reserves and development potential make the dinar a good purchase.

Some investors argue that the market could drive a strong appreciation for the Iraqi dinar in the post war era, simply because the huge oil reserves will eventually make it a strong currency. Similar to Iraqi dinar, similar rumors are reported for Vietnamese dong and, most recently, the Egyptian pound. Can a short term high-frequency trader benefit from IQD-USD forex trading? Possibly Yes, but practically No. The reason is that the IQD-US$ forex trading market is virtually non-existent. No banks are offering Iraqi dinars. If you have to buy Iraqi dinars, you can buy them only at select money exchangers, who may or may not be legally registered. Secondly, they charge a hefty markup fee, to the tune of up to 20%, for such transactions. This will erode the profit potential even for short term trading. Can this be a good bet for a long term investment? Forex trading in general comes with a few challenges: Overvalued profit potential based on investor’s misconceptions. The misleading practices of foreign exchange dealers as forex is primarily an OTC market. Further complications and malpractice exist in trading such illiquid and unregulated asset class. Investors' basic ignorance about international forex valuations Loss aversion – investors holding onto loss-making assets further deteriorating the valuations of their investments. How Iraq, its economy and hence the forex rate develop over the long term, is going to be a long term uncertain bet. Trading forex currencies is always risky, as external factors at international levels are difficult to control or predict.

Unless you are trading on regulated markets or through regulated agents, traders and investors should use extreme caution for trading such currencies.


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