Where can I cash in my Iraqi dinar?

Where can I cash in my Iraqi dinar?

Sell your dinars to banks. There are several banks in the Middle East that will purchase dinars. Three of these banks are the Central Bank of Iraq, the National Bank of Jordan, and the National Bank of Kuwait (see Resources). You will need to contact the banks directly and discuss their policies and procedures.

Is it legal to sell Iraqi dinar?

First, it is technically legal to sell hard currency for its numismatic value. In other words it is possible to sell hard currency as a “collector’s item.” Second, some dealers will register with the U.S. Treasury as a Money Service Business (MSB).

Is Iraqi dinar going to revalue?

There are confirmed news items that Iraq did plan to redenominate its currency, but not revalue. 9 In the absence of any revaluation, there is going to be no change in the forex exchange rate of Iraqi dinar IQD (with or without redenomination).

Can I buy dinar at Chase Bank?

Yes, Chase bank is open for exchanging foreign currency, anyone can exchange foreign currency at chase bank within its operating hours. If you want to exchange foreign currency at chase bank, you should have a bank account in the bank because they will deduct USD from your account.

What was the value of the Iraqi dinar in 2002?

The once-proud dinar was worth $US3. 20 ($A5. 31) before the United Nations embargo following Iraq’s 1990 invasion of Kuwait. By August 2002 it was trading at just below 2,000 to the US dollar, and currently it has slipped to anywhere between 3,500 and 4,000 against the dollar.

What was the value of the Iraqi dinar in 1980?

Iraq had a stable history until the year 1980. Before Saddam Hussein’s upset of the economy, the Iraqi Dinar had a stable exchange rate of almost $4.00 USD at its peak.

Is Iraqi dinar backed by gold?

Iraqi dinar is backed by gold now and the currencies issued backed by gold are considered one of the most powerful currencies in the world. Moreover the currency is supported by 82 billion dollar cash reserves and 122 tons of gold reserves along with many other foreign bills that make it stronger in the foreign market.

Where do I buy Iraqi dinar?

The most popular currency sold at Treasury Vault, by far, is the new Iraqi Dinar (or the IQD). The IQD is the official currency of “post-Saddam” Iraq. We exchange the following denominations of Iraqi Dinar: 50,000, 25,000, 10,000, 5,000, 1,000, 500, 250. Buy Iraqi Dinar from Treasury Vault with confidence.