To buy Dinar today, head over to Currency Liquidator to get started. In addition to our US Treasury registration we are licensed as a currency exchange with every US state that we operate in. Licensure is an extensive process put in place by individual states to protect their citizens. All currency we sell is legally obtained, legally declared, legally transported, and clear for resale. We boast a stellar A-rating with the Better Business Bureau. Our rating is a testament to our amazing products, pricing and service.
While we specialize in the Iraqi Dinar, we carry many other exotic foreign currencies from around the world. Contact us and we will get it for you.
Get rewards for making Iraqi Dinar purchases, posting Iraqi Dinar reviews, referring friends, and so much more; use those rewards towards a new purchase. Talk to real people before, during and after you make a Iraqi Dinar purchase; your business and satisfaction is our 1 goal! All Iraqi Dinar we sell is guaranteed to be authentic and come with our company issued Certificate of Authenticity.
Price is as important to us as it is you. That is why we guarantee the lowest prices on all Iraqi Dinar we sell period! Rest assured knowing your getting the most value for your money. Security and compliance is what set us apart from the competition. Currently no banks buy or sell many of the exotic currencies we sell here. That is why its crucial you work with a dealer who can exchange your currency back to US dollars.
All Iraqi Dinar purchases are backed by our no questions asked, day Money-Back guarantee, less a low restocking fee. Your satisfaction is our 1 concern. In , new banknotes were issued consisting of 50, , 1,, 5,, 10, and 25, dinar denominations. A year later a dinar note was issued. Treasury Vault offers the ability to buy Iraqi Dinar at the lowest prices available. Our foreign currency prices are updated to stay consistent with current prices.
We work hard to stay up-to-date with the every changing needs of our customers--we strive to meet them perfectly. The new release was to prevent the use of stolen and looted old Kuwaiti dinars. In the Kuwaiti example, the pre-war forex rates were retained, but old banknotes were swapped for new ones.
Examples of European countries like the Netherlands, the United Kingdom, and France are sometimes cited in an attempt to justify an Iraqi dollar investment. These other countries managed a rapid economic 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 war in Iraq. In the case of the world wars, European countries in question were on the winning side and received 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. 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.
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. The bill was introduced by the Central Bank of Iraq in Nov. This will erode the profit potential even for short-term trading. In terms of longer-term opportunities, forex trading in general comes with a few challenges:. How Iraq, its economy, and hence the forex rate develop over the long term, is a long-term uncertain bet.
In addition, 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 the Iraqi dinar or similar currencies. Bank of America. State of Utah Department of Commerce. The Entrepreneur Fund. International Monetary Fund.
Center for Strategic and International Studies. Treasury Vault. Los Angeles Times. If you are going to pay by card in Iraq, be aware of transaction fees charged by your bank, on top of the cost linked to an often poor exchange rate.
Before using your bank card for payments in Iraq or anywhere in the Middle East, it's important that you inform your bank about your travel plans. This will avoid your card becoming blocked due to international transactions that your bank may find suspicious.
Cash is the most important means of payment in Iraq. For a coffee in a cafe in Baghadad you can expect to pay around IQD. Tipping is not recommended in Iraq and some vendors may be offended by it.
As a buyer in Iraq you are expected to haggle, dispute and bargain your way to a cheaper price, certainly not to pay more. Iraqi banknotes from different series circulate alongside each other. The banknote of dinars has three different types in circulation. The following IQD banknotes are in use in Iraq: dinars, dinars, 1, dinars, 5, dinars, 10, dinars, 25, dinars and 50, dinars. The banknote of 50 dinars has been withdrawn from circulation. Banknotes with the image of Saddam Hussein and banknotes with a value of 25 dinars or less have been cancelled.
None of these have any value and you should not accept them when offered.
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