Check the central Bank of Iraq and the numbers dont jive form this site. This isn't the first time that this opportunity presented itself! I feel it will be 5 to 7 years before it takes off. Due to excessive government printing of the new issue, the Dinar devalued quickly. Right now you can only exchange it in Iraq and surronding areas. Iraq will come back. 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.
The 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 د.ع. Below, you'll find Iraqi Dinar rates and a currency converter.
How It Works
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. If you need money for unexpected medical expenses, travel or other circumstances that arise at times, then you should consider selling your Dinar.
What's your Dinar worth? You'll discover that an exceptional dealer offers full guarantees for both buying and selling Dinar. This means you'll have no trouble selling Dinar banknotes whenever you want to exchange them. 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. 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.
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. 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 —. 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. 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. 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:. The Iraqi Dinar Symbol: Since then the nation's economy has fully recovered.
By any of these measures, Iraq is a very wealthy country. Due to inflation, today these smaller notes are rarely used in everyday transactions. Although there are many currency dealers online, basic research quickly reveals that most of them are marginal, and some of them are outright questionable. 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: 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. That's an exceptionally strong qualification to look for when you're ready to buy the 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:. The Dinar's value has fluctuated over time. Fortunately, since Saddam's ouster in the Iraqi economy has improved dramatically. Many people are enthusiastic about the Dinar. If you bought it 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. 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, 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,, 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 I'm willing to wait. Like a previous post said, what's 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 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 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. With all the news I think this one has the most suport! 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. Don't do the same mistakes. Take a chance, I spend more than when Im in Vegas.
Top IQD Exchange Rates
Live Iraqi Dinar (IQD) Exchange Rates Welcome to the Iraqi Dinar exchange rate & live currency converter page. The Iraqi Dinar (IQD) exchange rates represented on this page are live, updated every minute within the forex market's trading hours of Sunday through Friday GMT. 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 September 5, from Yahoo Finance. Instead of perpetuating the Dinar RV lie, at Currency Return we work hard to help ordinary Americans fairly redeem their dormant Iraqi currency in exchange for real, spendable US Dollars. Traditional dealers have gouged consumers by selling Dinar at high prices, then buying it back from desperate sellers at a fraction of its original price.5/5(K).