USD $1050 per Million dinars, free WORLDWIDE shipping.
The new Iraqi dinar, introduced in October, is now virtually worthless: It takes 1,460 dinars to equal $1, according to Bloomberg financial news service. (Related: Check the latest exchange rates at USATODAY.com).
But dinar trade is thriving on the Internet.
Internet auctioneer eBay, for example, lists 622 auctions of new Iraqi dinars, in lots from 1,000 to 5 million. Dozens of Web sites, such as www.BuyDinarsHere.com, www.DinarTrade.com and www.InvestInDinar.com, sell dinars to U.S. investors.
The lure: Investors remember that the Kuwaiti dinar plunged to 10 cents after Iraq invaded Kuwait. It's worth $3.39 now.
The Iraqi dinar sold for as much as $3 before the first Gulf War. And Iraq sits on the world's second-largest oil reserves, an enormous asset. "Even if it goes up to one penny per dinar, that's a lot of money," says Mahmoud Shalabi, president of SilverDinar.com.
Currently, a 250,000 dinar note is worth about $171. At a penny per dinar, the same note would be worth $2,500.
Interest has cooled since the U.S. handed power to the Iraqis. "Before the handover of Iraq, business was phenomenal," says Marshall Donnerbauer, president of InvestInDinar.com. "All the soldiers and contractors wanted to be investors before that."
Why buy Iraqi Dinar?
Iraq’s position as the second largest oil reserve holder in the world, with 95 percent of Iraq’s revenue coming from exported oil. Even in the midst of chaos, scandals and physical violence, the Iraqi dinar has managed to appreciate by 25 percent in value. The “all-time low” of the Iraqi dinar appeals to sophisticated investors. Many Investors are aware that they are buying the Iraqi dinar at a postwar level; therefore, it has captivated a broader spectrum. Anyone can afford buying the dinars, regardless if they are big or small investors.
Individuals considering buying or selling Iraqi dinars are urged to obtain additional information from a licensed fianancial professional , and to ask specific questions concerning the risks as well as the opportunities of such an investment. WE ARE NOT ACCREDITED FINANCIAL ADVISORS AND THE ANSWERS AND LINKS PROVIDED ON THIS WEBSITE ARE FOR INFORMATIONAL USE ONLY.
Our service
Are your banknotes authentic?
All of our notes are 100 % Genuine with prominent security features, in Crisp UNCirculated condition, and are obtained directly from Iraq. Their authenticity is verified by a de La Rue machine. We will provide its serial number upon demand.
What is your current quote?
USD 1050 per million Iraqi Dinars including shipping.
Can you handle very large orders?
Yes. We can handle any amount requested. We offer special prices for large quantities. Contact us for more information nmugri@hotmail.com
How long will it take for the Dinars to arrive?
On average, 10 - 13 working days once payment is received. Some delays occur from time to time, we promise to keep you up to date and help you track your new dinars until they are safe with you.
I see that the current exchange rate is different than what you charge for the dinars. Why the markup?
If you know anybody willing to take the risk to fly to Iraq just to buy dinars or you know Iraqis willing to send your currency from there, then the current official exchange rate is indeed the fair price. We charge this markup to cover our shipping costs, time, bank charges, phone bills, website maintenance, salaries, and most importantly risk costs. You are paying a high premium for our supplier to take the risk and drive from Jordan to Iraq and back in one piece. As you know, Iraq is not a stable place and you need to be very motivated to venture there.
Do you ship worlwide?
Yes. Please check with your country's customs whether you are allowed to import currency.
Do you accept other currencies than the USD?
Yes. We accept payments in EURO and USD .
The investment's potential
How will I sell the Iraqi dinars in the future?
Iraq is a post-war country and its financial institutions are ruined and are in the process of being reconstructed. To sell your dinars, you would need to work through a bank that trades Iraqi Dinar. We do not believe that there is a western bank that currently trades the Dinar and we cannot guess when banks will start trading this currency. We estimate that once the Iraqi economy is back on its feet and the Dinar is traded internationally, you will be able to sell your Dinar to your bank. In the mean time, however, we do not guarantee that you will find where to "cash out" and sell your dinars. The lack of liquidity in this investment is one of the biggest risks you take when you invest in the Dinar.
What kind of taxes can i expect to pay when cashing in iraqi dinar in the USA?
Please check with your accountant. We cannot give you a fair answer as we are not financial advisors or certified public accountants and do not know the tax laws of you country.
How soon will my investment in the Iraq dinar pay off? When do you think the 1 dinar = 1 USD? How fast do you think I will multiply my money by a factor of 2, 10, 1000?
We are not accredited financial consultants and do not offer investment advice. Our service is to bring Iraqi dinars from Iraq to you. We strongly suggest you do your homework and learn the risks and potential rewards this investment offers.
Are there any risks investing in the Iraqi dinar?
Many. Iraq is a postwar country and is currently unstable and investing in Iraqi dinar is risky. Invest only what you can afford. Consider this investment as the most risky part of your portfolio.
