Sorting Out the Complex Matter of Dinars to Dollars

Written by admin on July 9, 2013. Posted in Current dinar value, Iraqi currancy, Pottery supply

Iraqi currancy

Is it going to pay off to convert dinars to US dollars?

This has been a topic of much debate in the world of finances. Many people claim that the coming revaluation rate of the Iraqi currency since American occupation in began in 2001 will be high enough to make investors into millionaires overnight.

Others, however, peg the supposed dinars to dollars miracle as a simple get rich scheme constructed by thirsty capitalists. The only suggestion I can offer is to do your research, and stay in tune with news pertaining to Iraq current events. That is the only way to know if the decision to convert dinars to US dollars will ever become worth the initial US dollars the investment requires.

Iraq is known as “the cradle of civilization,” because it is one of the most ancient regions in the world to make advancements in the arts, mathematics, and science. The longevity of Iraqi culture may cause the Iraq currency to dollars investment to appear rather appealing. Some people cite this fact during dinar speculation.

It is important to bear in mind, though, just because ancient strides toward civilization were made there, that does not mean Iraq has a stable economy. History does not equate to economic prosperity. This country is also especially fragile at the moment, having just exchanged hands of power. One looking to convert dinars to US dollars should definitely stay well informed on the rapidly evolving happenings of Iraq.

Looking at the history of the dinar, one may conclude that the decision to convert dinars to US dollars could wind up being substantially profitable. Until 1959, the dinar was worth the same amount as the British pound. In 1991, there were 50 and 100 dinars put into circulation, followed by 250s in 1995.

Up until 2002, the highest denomination in print was the 250 dinar note. In light of American and European occupation of Iraq, a 25,000 dinar piece had to be printed. Where the exchange rate will go as Iraq rebuilds its infrastructure is anyones guess, but will directly affect whether you wish to convert dinars to US dollars.

At the very least, the dinar will always have historical value. Notes that were issued between 1990 and October of 2003, as well as the 25 dinar piece, show a romanticized engraving of former Iraqi president, Saddam Hussein. There could be a decent way to convert dinars to US dollars someday, if one were to acquire these and sell them to a museum.

As far as a significant dinars to dollars investment is concerned? Personally, I would give it more time, to see what kind of shape Iraq finds itself in. Time, however, may be limited, because it will cease to be a decent investment if, upon revaluation, the decision to convert dinars to US dollars ends up being an extremely lucrative one. Perhaps buying just a few, making it a relatively low initial investment, would be the most intelligent way to convert dinars to US dollars. Continue reading here.

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Comments (19)

  • October 2, 2013 at 9:38 am |

    I would not go for it. I have ready plenty of articles from plenty of renowned financial advisers who advise against the investment.

  • Kirk Willis
    March 3, 2014 at 5:03 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • April 2, 2014 at 5:50 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • Molly Manning
    May 2, 2014 at 8:54 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • Abigail Fowler
    June 1, 2014 at 8:57 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • Randall Fleming
    July 1, 2014 at 8:59 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • Cody Reyes
    July 31, 2014 at 9:02 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • Rick Munoz
    August 30, 2014 at 9:04 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • Jeffery Dawson
    September 29, 2014 at 9:08 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • October 29, 2014 at 9:10 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • Jessie Walker
    November 28, 2014 at 10:13 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • December 28, 2014 at 10:15 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • January 27, 2015 at 10:18 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • February 26, 2015 at 10:20 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • Douglas Hart
    March 28, 2015 at 9:23 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • Pam Horton
    April 27, 2015 at 10:04 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • May 27, 2015 at 10:07 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • Jimmie Dunn
    June 26, 2015 at 10:09 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

  • Joan Black
    July 26, 2015 at 10:12 pm |

    It is a SCAM. It is highly unlikely the dinar will come out on top of the dollar, especially since the US economy seems to be making a comeback.

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