Category: Iraq currency

A Brief Introduction to Buying Iraqi Dinar

Dinar trade

If you’re interested in an introduction to Iraq currency, known as the dinar, this article is meant for you. Before the Gulf War, the currency was commonly referred to as the Swiss dinar, after Swiss printing technology. After the 1991 war, Iraqi currency began to be printed in China as well as at home in Iraq. The quality of the paper was low at that time, due to the use of wood pulp paper as opposed to linen or cotton fabrics. It was also reported that newspaper presses were used to print some notes, resulting in inferior lithography.

Over the years, the dinar has expanded in denomination, thus making the possibility of buying Iraqi dinar more and more a reality. Fifty and 100 dinars notes were issued beginning in 1991, with 250 dinars coming out in 1995. Eventually, the 10,000 dinars notes were released in 2002. The central Bank of Iraq issued this denomination for “larger, and interbank transactions.”

The Iraqi dinar is now available for sale internationally. Iraqi dinar investment can be seen as an investment in the “cradle of civilization,” as Iraq is sometimes called. Are you interested in buying iraqi dinar? Do you have any questions about current Iraqi dinar value? Comments about the dinar trade in general? Leave them below, in the comments.