With the horrific events happening on in Iraq right now, everyone is looking for a way to help out those over seas that are in need. Are you one of those people wondering how they can help? By purchasing dinars, you are helping. Dinars are the Iraqi currency. Because oil is the main export in Iraq and is sold in dollars there is not high demand for Dinars and they still remain to be exotic status. Buy dinar and you will be contributing to a country in need.
You can buy iraqi dinar dollar through money wire, certified checks, money orders and personal checks. How to buy iraqi dinar? There are many options online. You need to make sure you are doing your research before making any purchases.
You might be wondering, after I purchase my iraqi dinar, where to exchange dinars for us dollars? This can also be found online. When you buy dinar, you need to be present for when it is delivered to your house since it is so valuable.
Despite the ongoing collapse of value for the iraqi dinar, the highest denomination printed until 2002 was only 250 dinars. Buy dinar to help increase their value. The hope is that the iraqi dinar revalue increases with enough purchases made.
50 and 100 dinars were first introduced in 1991, shortly followed by 250 dinars notes in 1995 and eventually 10,000 dinars notes in 2002. In October 2004, a 500 dinars note was issued. At first the dinar rose to a value of US$3.3778 by not following the devaluations of the U.S. currency in 1971 and 1973. The idea to buy dinar is to not only help out a struggling nation, but to help yourself out in the future when the rates skyrocket.
Buy dinar to help rebuild a nation in distress. One day the dinars value is going to drastically increase and the exchange rate for a US dollar will be unthinkable.