After US troops left Iraq in 2011, ending nine years of war, the country has moved again to a peaceful, productive state, ripe for foreign investment in the products and services this oil rich nation can offer. There is also opportunity in its currency, which should grow in value as Iraq strengthens its economic power. It may be time to turn dinars to dollars.
In America, Iraqis have settled in significant numbers in Michigan, California and Illinois. They know their country, and its millennia old designation as the cradle of civilization, is ripe for a new future. They also know they can buy and later convert dinars to dollars, hopefully at a profit.
A dollar is generally equal to 1,200 dinars today. The Central Bank of Iraq issued 10,000 dinar notes in 2002 for larger and interbank transactions. The following year, a year when Saddam Hussein was no longer in power, new banknotes were issued in denominations of 50, 250, 1,000, 5,000, 10,000 and 25,000 dinars.
In America, you can buy Iraqi dinars in 10k and 25k banknotes, uncirculated, through GIDAssociates.com, a currency trader and the largest provider of Iraqi dinar in the US, processing billions of dinars monthly. Turning dinars to dollars is simple. Funds must come from a US bank, and the dinars can only be shipped to a US address.
Turning dinars to dollars involves risk. The values of both currencies rise and fall. GIDAssociates provide no advice: it is not an investment house. For Iraqi nationals and expatriates, investing in Iraq currency and earning money in their new country, turning dinars to dollars, can be a very attractive investment.
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