Even though the Iraqi dinar has collapsed in value with the highest denomination being printed until 2002 being 250 Dinars, if you are starting a pottery supply company within the country, then you will need to both understand and embrace this Iraqi currency as it is still commonly used today and accepted everywhere. Fortunately, in 2003, there were new banknotes that were issued to add to the Iraq currency in denominations of fifty, two hundred and fifty, one thousand, five thousand, ten thousand, and twenty five thousand Dinar and that will make it easier for you to start your pottery supply company, especially if you will be doing a lot of B2B business. In fact, a five hundred Dinars note was issued in 2004 adding yet another denomination to make it easier for your pottery supply company to do business.
Even if you are purchasing your pottery supplies in dollars, there is a good chance that at least some of the transactions that you make will be in Dinars. If you sell to the public as well as businesses, you can definitely count on this being true. This is why you need to be prepared to take, exchange, and understand all types of currency, including Iraqi dinars. By doing so, you will ultimately be in a much better position to run your business the way that you want instead of feeling stuck when making any types of transactions.
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