Iraqi Dinar I

When I first heard about the Iraqi Dinar, I was skeptical and at the same time felt that I could be on to something big! If the Dinar increased in value I could be a Millionaire! I felt a sense of urgency to buy dinar and act now.

I set out to find as much information as I could and within no time at all, I was overwhelmed with information. Worse, I also had a ton of bad information that was fluffed up by dealers looking to get rich off of people like me!

Iraqi Dinar - Facts
The old dinars with the picture of Suddam are not the money you want to purchase and invest in. It's the new Iraqi Dinar issued by the Central Bank of Iraqi on October 15, 2003 that investors are buying. Dinar denominations of 50, 250, 1000, 5000, 10000, & 25000 are available. These new dinars printed by De La Rue, contain some of the most up-to-date anti-counterfeit features, including watermarks, a security thread, raised letters, an optical variable ink and other variations to thwart off counterfeiters.

Buy Iraqi Dinar - Legal?
There is a lot of controversy over buying Iraqi Dinars. Presidential Order 13303 allows US Citizens to invest in the New Iraq. Under this Order and the Coalition Provisional Government Order 39, a US citizen has the same rights to investments as an Iraqi citizen. In other words, people looking to invest in the Iraqi Dinar are no longer faced with restrictions.

Iraqi Dinar - Worth It?
Investing in the Dinar is a BIG gamble, no question. When you buy Dinar, you're gambling that the government in Iraq will pull together and start profiting from its rich oil resources. If it does, then your investment could pay off in proportion to the Iraqi dinar investment - that is a BIG IF! It has always been the economic prospects for a country that will determine future currency values, not the current or historical trading price. Right now, everyone seems to be selling or buying dinars and there is money to be made doing so, but it's a big gamble as a long term investment.

How Much To Pay for the New Iraqi Dinar ?
Right now, you'll find prices ranging from $680 to $1,200 for 1 million worth of Iraqi Dinar Why the broad range in dinar price? Some sellers don't include shipping costs, insurance or other fees in their initial price. Others will sell you the dinar, but use smaller bills with many being heavily worn or damaged – Many banks will not accept Iraqi Dinar that is in poor or damaged condition; unscrupulous dealers purchase these damaged dinars for next to nothing, then insert them into a good batch and sell Dinars for less than average.

More info about Iraqi Dinar click here.