I have over a million also... I have faith in Iraq and so does the many countries who have forgiven most of Iraq's national debt.
I believe strongly in it regaining strength for various reasons. Still, individual Dinar owners occasionally change their goals.
The currency is only traded in Iraq, so it can only be purchased by U. What about taxes?
His customers are U. Buy Dinar Online vs. The few remaining banks which do deal with foreign currency often aren't dealing with the Iraqi Dinar as they know nobody is traveling to Iraq for Spring Break. Sure it's a long-term investment, 5 to 10 years maybe longer, big deal. Further complications and malpractice exist in trading such illiquid and unregulated asset class.
Reputed banks e. And as always, if you have any questions or need assistance feel free to call us at 1-800-884-1288.
If you don't have these 3 virtues, then stick to the craps tables. I bought some for my 1yr old son. Most of these companies are very well-capitalized and they have long-term plans to be in Iraq.
Similar to Iraqi dinar, similar rumors are reported for Vietnamese dong and, most recently, the Egyptian pound. Everything takes time. Revaluation will only happen once the Iraqi government stabilizes.
Keep in mind that when you sell any currency you'll need to account for the difference between buying and selling prices. It was worth over 3 usd in the 70's before suddam took over. The article further states: Does anyone know what is the total amount of dinars in circulation today as compared with pre-war levels?
A lot of money is going into rebuilding Iraq's economy and a lot of countries are working to help them accomplish this task.
In the last four years, the dinar has barely moved.
I will be using it everyday now. In the case of the Iraqi dinar investment scheme, there might be additional red flags:. Iraq will come back. Now your invested holding of IQD1.