Dinar Currency Exchange Rates

The Iraqi Dinar was first issued in 2003. Instead of becoming the new currency as it was anticipated, it has fallen to exotic status. The Iraqi dinar fell to exotic status because Iraq have very few exports besides oil, and oil is sold in United States currency, dollars. This means that there is very little demand for dinars. However, hope has not been lost that one day or year the demand for Iraqi dinars will grow and then when the time comes, the value of the Iraqi Dinar will have sky rocketed.

The Iraqi Dinar has been made in several denomination which come in different color schemes. Until 2002, the 250 dinar note was the highest denomination printed. Iraqi dinar investments are available in several different countries, including the United States. Because the Iraqi dinar is valued so low at the moment, the currency exchange rates of an American dollar for an Iraqi dinar is to benefit the people that are investing in Iraqi dinar. Those that are investing in the Iraqi dinar hope that one day the currency will be worth more than it was originally purchased them for. Many of those that invest in buying foreign currency and the idea of currency exchange rates are ex military personal or war zone contractors. This may be because they are hoping the currency exchange rates will benefit them while they are overseas in the future. Many are hoping that because there is a new government in place, Iraqis financial issues will become stable once again, and for a long time. This will allow the Iraqi dinar to become part of their currency again, benefiting those that purchased iraqi dinar for cheap while they could.