3 Major Reasons People Buying & Selling Iraqi Dinars Online

First, you should know, Currency collectors and the Iraqi Dinar go hand in hand.  Thousands of collectors worldwide include the IQD in their currency collection portfolio. Why? Believe it or not collecting  foreign currencies is more than just a hobby, it can be profitable. You only have to check with the currency stores and traders on ebay who have been in business for decades.  There is a link in the description.

The second reason the IQD is being bought and sold online is due to travel.  More and more Christians and Muslims are traveling to Iraq.  There is a spike in IQD sales.  Eventdently it is cheaper or easier to buy the Iraqi Dinars online rather then to wait and exchange in Iraq  

The third reason is the same reason many of us hold the Iraqi Dinar. For investment purposes. Investing is a major reason people hold and use the Iraqi Dinar. Just like any other investment, there are risks involved.  Now, millions of people believe the IQD will never amount to more than a penny against the USD, this is highly unlikely.  For many reasons, economics, inflation or losing the country to a US dollar economy, these are all reasons why the iraqi dinar will  revalue reinstate float or go digital, and we know they have plans to go digital there is a mandate.  Now here is what I want to show you.

Kuwait's currency is .31 Kuwaiti Dinar to one us dollar

Jordan's currency is .71 Jordanian Dinar to one us dollar.  

Turkey's currency has suffered ups and downs but it valued   at 19.16 Turkish Lira. to one us dollar.  With Iraq's currency being worth so little to the US dollar, it places massive weight on imports.  Thus far Iraq has used dollars to pay import invoices.  But as in the case with Iran, that is no longer possible.   

 We have every right to believe that the currency will increase in value.  You can purchase the Iraqi Dinar and other exotic currencies by clicking this link. 

What does it mean to “invest” in the Iraqi dinar? Basica

lly, it would be like investing in any other currency: you purchase X amount of Iraqi Dinars (IQD) by paying some amount of US Dollars (USD). Like any investment, you expect the prices to rise.

As mentioned earlier in the article, there are rumors of incoming foreign investment in Iraq. This would create more stability and economic growth for the people of Iraq, leading to the an increase in value of the Dinar.

Here’s a historical chart of the Dinar’s performance, and will help you understand the reason many see hope in the increase of value.

Hopes of Redenomination, Revalue or Reinstatement

It is common for countries with currencies with low value compared to other currencies to redenominate the currency with new value. This can happen with many currencies and is a risk in investing, but there are no current signals that Iraq is considering redenomination. The currency has stability as you saw from the chart above, and looks to continue to improve its position among global currencies.