For serious collectors, Tomonis recommends buying rarer, high-denomination notes and looking for dinar bills produced in Switzerland, where he believes the printing is of highest quality. Many eBay merchants, meanwhile, market their dinars more as curiosities than as potentially valuable heirlooms.
Lindgren, for his part, says he is hoping to sell his stack of currency before interest fizzles and the Iraqi dinar mania goes the way of previous speculative bubbles. Or a Nasdaq index? Yes, there is a Saddam dinar bubble," he said. EBay Seller Refuses Canucks. Noted War Blogger Cops to Copying. Summary Forecast Stats Download Alerts. Historically, the Iraqi Dinar reached an all time high of in December of Iraqi Dinar - data, forecasts, historical chart - was last updated on November of The Iraqi Dinar is expected to trade at Looking forward, we estimate it to trade at Trading Economics members can view, download and compare data from nearly countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.
Features Questions? Contact us Already a Member? If your expectations come true, and the exchange rate improves to a hypothetical value—say one U. But what happens if the dinar takes the opposite direction? Now your invested holding of 1. It mentioned the International Compact with Iraq , which was interpreted in multiple ways and led to further speculation in the Iraqi dinar currency trading.
The article further states:. Civil war, regional fights, and western countries staying away are major concerns of current Iraq, with the extreme possibility of the country splitting into three separate regions. If that happens, the payday may never come for investors holding the Iraqi dinar and waiting for value appreciation. Backed by the oil reserves , Iraq has the potential to spring back and establish itself as a stable economy.
It managed to do so after the eight-year-long Iran-Iraq war. But that will need a peaceful, promising business atmosphere to establish investor confidence, which will, in turn, help revive its economy and bring back the IQD forex rate to less depressed levels. Now to the other side of the coin:.
There are signs indicating that Iraqi dinar investments are nothing more than a hyped scam. Additionally, some incorrect statements are heavily publicized by the propagators of Iraqi dinar Investment schemes incorrect statements in italics :. Supporters of Iraqi dinar Investment are reported to be confusing two economic terms: Revaluation and Redenomination. Revaluation is the calculated adjustment made to a country's official exchange rate relative to a chosen baseline, such as gold or the U.
After a revaluation, a currency becomes expensive relative to the base currency by the factor of adjustment, and hence the process changes the purchasing power of that currency.
Redenomination is done in case of high inflation levels by old high-value notes being made equal to new small value notes e. Redenomination simply drops off the zeroes keeping the purchasing power the same as before. There are confirmed news items that Iraq did plan to redenominate its currency, but not revalue. In the absence of any revaluation, there is going to be no change in the forex exchange rate of Iraqi dinar IQD with or without redenomination. Economists also point out that it would not be beneficial to the Iraqi economy to allow any such value appreciation by the authorities even by means of revaluation.
Doing so will lead to multiple problems for Iraq:. However, this is misleading. The new release was to prevent the use of stolen and looted old Kuwaiti dinars. In the Kuwaiti example, the pre-war forex rates were retained, but old banknotes were swapped for new ones. Need to know when a currency hits a specific rate? The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs.
Check live rates, send money securely, set rate alerts, receive notifications and more. Scan me! Over 70 million downloads worldwide. Convert Send Charts Alerts. We use midmarket rates These are derived from the mid-point between the "buy" and "sell" transactional rates from global currency markets. They are not transactional rates.
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