After the deposition of Saddam Hussein in , the Iraqi Governing Council and the Office for Reconstruction and Humanitarian Assistance began printing the new dinar notes to maintain the money supply. Printing was done in the United Kingdom. After , the Central Bank if Iraq issued these banknotes. In , new banknotes were issued consisting of 50, , 1,, 5,, 10, and 25, dinar denominations. A year later a dinar note was issued.
Treasury Vault offers the ability to buy Iraqi Dinar at the lowest prices available. Our foreign currency prices are updated to stay consistent with current prices. Order now. Online currency exchange with Canada wide delivery Order Iraqi dinar online. I want to buy.
Best Rate Guarantee. Add to cart. Choose your currency. Choose delivery method. Online Payment. Why use us Using the Interchange Financial online order system, you can order foreign cash at better exchange rates than banks and credit cards, with delivery in two business days to any address in Canada. Better exchange rates.
No Fee. What our clients say Don't take it from us, see what our client say about us. Share Tweet Share Pin. Blog Careers. These other countries managed a rapid economic comeback from the effects of World War II, and are today considered among the developed countries.
One important fact missed here is that these countries were able to progress faster because the war situation was completely different from the war in Iraq. In the case of the world wars, European countries in question were on the winning side and received maximum support in the post-war aftermath. The case of Iraq, by contrast, is more of a civil war, where there exists a possibility of the country being split into multiple fragments. Even if it stays as one nation, it will still take a good long time for the economy to recover.
Some investors argue that the market could drive a strong appreciation for the Iraqi dinar in the post-war era, simply because the huge oil reserves will eventually make it a strong currency.
Similar to Iraqi dinar, similar rumors are reported for Vietnamese dong and, most recently, the Egyptian pound. No banks are offering Iraqi dinars. If you have to buy Iraqi dinars, you can buy them only at select money exchangers, who may or may not be legally registered.
The bill was introduced by the Central Bank of Iraq in Nov. This will erode the profit potential even for short-term trading. In terms of longer-term opportunities, forex trading in general comes with a few challenges:. How Iraq, its economy, and hence the forex rate develop over the long term, is a long-term uncertain bet.
In addition, trading forex currencies is always risky, as external factors at international levels are difficult to control or predict. Unless you are trading on regulated markets or through regulated agents, traders and investors should use extreme caution for trading the Iraqi dinar or similar currencies. Bank of America. State of Utah Department of Commerce. The Entrepreneur Fund. International Monetary Fund. Center for Strategic and International Studies.
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