buy them only at select money exchangers, who may, or may not, be legally registered. After the fall of Saddam Hussein, the government issued a new currency. This fee will erode the profit potential even for short-term trading. Scams of Investing in the Iraqi dinar. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest. Next Up, breaking down 'IQD (Iraqi Dinar the dinar, first introduced in 1932, to replace the Indian rupee had a conversion rate was 1 dinar for 11 rupees. The exchange rate remained constant until the Gulf War in the early 1990s. As, reuters reported in 2012, Iraq did plan to redenominate its currency, but not revalue. Currency printed before the Gulf War became known as Swiss dinar. . The exchange of old dinar for new dinar notes was on a one-to-one basis, except for the Swiss dinar which exchanged for 150 new to 1 old. .
Also available are Iraq Dinar services lik e cheap money tranfers, a IQD currency data, and more. USD to IQD currency converter. Get live exchange rates for United States Dollar to Iraq Dinar. Use XE s free calculator to convert foreign currencies and precious.
No banks are offering Iraqi dinars. However, there is little call for them on the foreign exchange market. Dollar after the war, and the dinar was worth over 3.S. Secondly, they charge a hefty markup fee, to the tune of up to 20, for such transactions. The black market trade has grown in proportion, and many agencies and publications warn investors against investing. The IQD conversion factor has 5 significant digits. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations,.