During 1971 and 1973, Iraq did not follow the devaluation that the U.S. dollar experienced, which increased the value of the dinar to $3.3778. In 1991, 50 dinar and 100 dinar banknotes became available to the public. By the time 1995 rolled around, 250 dinar banknotes were available, followed by 10,000 dinar banknotes in 2002. As you can see, there is a lot of changes made to Iraqi’s currency that you should be aware of. Before you buy Iraqi dinar, it is important to make sure you know the Iraqi dinar exchange rate. The Iraqi dinar exchange rate will fluctuate from day to day.
There are plenty of sites online offering calculators and tools to help you keep up with the Iraqi dinar exchange rate. Unlike the United States dollar, cheap grade wood pulp paper is the material used for Iraqi currency. If you are looking to buy dinar dated before the Gulf War, you will find the Swiss dinar. The Swiss printing technology printed Iraq’s currency until the Gulf War began. If you want to buy 500 dinar banknotes, you need to look for Iraq currency printed October 2004 or later. While paying attention to the iraqi dinar exchange rate, be sure to get familiar with what companies are trustworthy.
You can find out if a seller registered with the United States Treasury Department by visiting the link most sellers put on their site. You will need to compare prices, including shipping costs, expected delivery time and the forms of payments that sellers accept. Reading reviews and testimonials from other investors and buyers is a smart move in the right direction if you are looking for reputable and trustworthy companies selling Iraqi currency. Both investors and hobbyists collect dinars for their own personal reasons. If you are an investor, keeping up with the current Iraqi dinar exchange rate will be a top priority.