Archive for September 2, 2013

The Iraqi Dinar

Written by Channel 8 Cleveland on September 2nd, 2013. Posted in Dinar banker, Dinar vs us dollar, Iraqi currancy

Dinar trade

If you are looking for new investment media to diversify or to begin your personal investment portfolio, the Iraqi dinar may be an option for you. The Iraqi dinar has been around since 1932, though it has changed forms several times as governments have changed in the country. In the 1990s, the dinar was cheaply made in Iraq and China, but it has changed forms since the fall of Saddam Husssein. In 2002, 10,000 dinar notes were issued for bank and other large transactions as well, which is convenient because of its current value.

In December 2011, US troops were withdrawn from the country, ending the war. Currently, the Iraqi dinar trades between 1,200 and 1,400 dinar to a US dollar. However, when it was at its high in the 1970s, the Iraqi dinar was worth about $3.38 US dollars. Wide currency fluctuations be