Consider Investing In The Iraqi Dinar

Written by Channel 11 Houston on June 9th, 2013. Posted in Buying iraqi dinar, Dinar speculation, Iraqi dinar value

Iraqi dinar revalue

Iraq, a country that has been termed “the cradle of civilization,” has a long and interesting history. And so does the country’s currency, the Iraqi dinar. The Iraqi dinar actually replaced the Indian rupee, which had been the official currency of Iraqi from the British occupation of the country in World War I. It was originally known as the swiss dinar, because of the swiss printing technology used to print it.

In the last several decades or so, the currency has actually undergone substantial change. Interestingly, following the 1991 Gulf War, Iraq’s currency was printed both locally and in China, using poor grade wood pulp paper (rather than cotton or linen) and inferior quality lithography (some notes were reputedly printed on presses designed for printing newspapers). In 1991, 50 and 100 dinars were introduced, followed by 250 dinars notes in 1995. And all banknotes that were issued between 1990 and October 2003, along with a 25 dinars note issued in 1986, bear an idealized engraving of former Iraqi President, Saddam Hussein. Since the 2001 US invasion of Iraq, the currency has undergone substantial change. In 2002, the Central Bank of Iraq issued a 10,000 dinars banknote to be used for “larger, and inter bank transactions.” And in 2003, new banknotes were issued consisting of six denominations: 50, 250, 1,000, 5,000, 10,000, and 25,000 dinar.

If you are interested in investing in foreign currencies you might consider investing in the Iraqi currency by buying Iraqi dinars. However, if you are interested in Iraqi dinar for sale and would like to buy dinar, there are several critical points that you will want to keep in mind. First of all, if you are interested in Iraqi dinar for sale keep in mind that there aren’t many marketing for the dinar yet. Therefore, until markets develop for the resale of Iraqi Dinars, it may be difficult for you to liquidate your Iraqi Dinars or exchange them for US Dollars. Thus, it is best to buy Iraqi dinar with the intention of it being a kind of long term investment. And if you are interested in Iraqi dinar for sale, keep in mind the value of the dinar may rise or it may decrease. Therefore, if you are interested in Iraqi dinar for sale, keep in mind that when you decide to sell Iraqi Dinars they may be worth more or less than you originally paid for them. Overall, however, if you are interested in foreign currencies, the Iraqi dinar is certainly an opportunity to explore. See more: www.gidassociates.com