Buying New Iraqi Dinars

With all of the turmoil in Iraq, we forget that it once used the Indian rupee as its official currency. British occupation after World War I, led it to use the Indian rupee for its money. Even after the dinar came into use, the British pound and the dinar were tied at par value.

Today, many collectors look at the dinar and Iraqi dinar conversion as a viable collectors currency. It is legal tender and available for purchase by collectors and investors. While the Iraqi currency has been volatile, it has some allure to many people.

You can buy Iraqi dinar based on the Iraqi dinar conversion rate from registered brokers. In fact, there are billions of Iraqi dinars being purchased on a monthly basis. As part of your dollar to Iraqi dinar conversion, you can purchase new, uncirculated 10,000 and 25,000 dinar notes. The Central Bank of Iraq issues notes in 50, 250, 1,000, 5,000, 10,000, and 25,000 dinar denominations.

While the value is constantly changing, the Iraqi dinar conversion is now around 1,260 dinars to the dollar. The dinar may be more of a novelty than an investment, but you should do your research.