The Iraqi Dinar was preceded by the Swiss dinar. There was nothing Swiss about the currency, but it received the name based on the Swiss printing technology in use. This once novel currency has seen renewed interest as the Iraqi dinar is now bought by collectors.
Prior to the Iraqi dinar, the Indian rupee was the official currency in use for the country of Iraq. They had adopted the rupee after being occupied by the British as a result of the first World War. These days the Iraqi dinar is available in six denominations, 50, 250, 1,000, 5,000, 10,000 and 25,000 dinars. There are also coins available for the Iraqi dinar in 25, 50 and 100 dinars. Although they are practically obsolete due to inflation, the Iraqi d Read More
Did you know the dinar was not the currency in Iraq until 1932? By 1959, the Iraq’s currency was at par with the British pound, even though Iraq’s main exportation is oil. Iraq deals in U.S. dollars when it comes to buying and selling oil. Today, people from all over the world invest in the dinar and buying Iraqi currency from a secure company is a top priority. Since the Iraq’s currency is not for buying and selling oil, the dinar is mainly an exotic currency. Before you buy any Iraqi currancy, be sure to check out the value of dinars to dollars.
The exchange rate between two foreign currencies is one of the most important elements to pay attention to, especially if you are an investor. If you want to buy Iraqi currency as a collector, you may not care that much about the exchange rate. By 2002, 10,000 dinars banknote became available after the Central Bank of Iraq printed them out. Larger banknotes in Iraq are for larger transactions between two banks or more. While looking for Iraqi dinar for sale, be sure to review the delivery fees and other important factors between companies selling Iraq currency.