Archive for September 15, 2013

Tips for Investing in Iraqi Currency

Written by Channel 8 Cleveland on September 15th, 2013. Posted in Buy dinar, Foreign currency trading, Iraqi dinar for sale

Iraqi dinar to us dollar

There is a little known fact that investing in Iraqi currency is possible. Many people think that due to the war with Iraq that this would be an illegal action. It is interesting to note that many people who invest in dinars are war zone contractors or ex military personnel. Also, with the new government in place, the country is looking to secure long term financial stability.

When investing in Iraqi currency, you may be interested to know that when the dinar replaced the rupee, the value of a dinar was equal to 11 Indian rupees. Also, in 2002, the Central Bank of Iraq issued a 10,000 dollar dinar banknote for inter bank and larger banking transactions.

People investing in Iraqi currency have been buying up the new Iraqi dinar since it was introduced in 2003. So let us look at a few tips for inve