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Iraqi Economy Became Stronger After Each Disaster
The site of the ancient Babylonian civilization, Iraq has had a tumultuous history. Since the days of the British Colonial Empire, the geopolitical scenario has undergone a large number of upheavals with every international event of historic importance, from World War I to the recent establishment of a democratic government.
The country?s national currency, the Iraqi dinar (IQD) has gone through a lot of changes as well. Introduced in the early 1930s to replace the then standard currency of Indian Rupees, the dinar quickly went on to become one of the most valuable and sought after currencies in the Middle East, valued equal to or greater than the dollar and the sterling pound for more than a decade.
However, following the disastrous First Gulf War and the UN Economic sanctions issued in light of Saddam Hussein?s aggressive geopolitical maneuvers, the economy took a sharp downturn and has only started to look up after the Second Gulf War in 2003. Since then, the Iraqi dinar has gone through a number of iterations, each incorporating newer and better security features. The current iteration of the dinar is printed by the De La Rue Corporation of London and incorporates some of the most advanced security features among all the printed currencies of the world.
Because dinar notes have gone through so many iterations in the recent past, it may not be possible for currency collectors and enthusiasts alike to keep track of the latest security features which can enable them to purchase genuine Iraqi dinar notes. This infographic has been designed to address exactly that problem and list out all the current and past security features in great details so that you can make an informed decision anytime and every time you wish to buy a cache of dinar bank notes.
Iraqi Dinar Security Features
There are huge scams related to currencies like Iraqi Dinar. As I would like to buy the Iraqi Dinar, I don?t want to get tricked into some fraudulent activity. As in the start of the years I have read a news which was published by CNBC related to the Iraqi Dinar Scam. The title of the news itself states that: Inside a $24 million investment scam: Buy the Iraqi dinar. These scams were making me conscious about buying Iraqi dinar, as the currency was surrounded by the series of scams. Even Forbes say a lot about the Dinar Scams where Mr. Jay Adkisson had published his views over the different scams.
As you have mentioned a long image or infographics for the security features of the dinar note, its really delightful to me. Now at least I feel easy while dealing with the currency trade. Now I have become aware about the different security features of the Iraqi Dinar. I feel free to buy Iraqi Dinar having these security features in my mind. I am glad to have these handful of features that would resolve the issues I will face while choosing the right note of Iraq dinar. Thank you for mentioning it. I appreciate the work which is clubbed in the form an infographics that give complete insights about the security features of Iraqi Dinar notes.
It’s wonderful to know about such features of the Iraqi Dinar. I have read one of the article on dfi.wa.gov where there are mentioned features of the Iraqi Dinar, which are a bit similar to the one you have mentioned in the article. I have seen that the features on dfi.wa.gov are few as compare to what you have mentioned. I would like to congratulate the article publisher for the research work did on finding the complete security feature of the Iraqi Dinar notes. But I would like to know whether the security features are still valid? As you might be knowing that it is the government who decides about the security features of their currency. They also have the power to change the currency security features.
I would be glad to know whether these security features are still valid. If yes the job done is appreciable and the author or researcher should get a total credit of the work done by him/her. I have always preferred to visit the websites those are having news related to the current scenario of the currency market and I think my search has been completed. Now, I will definitely say that your work over the image is wonderful as it is helping me in remembering the features of the Iraqi Dinar. But still have a query about validity and I hope my query would get resolved.
I was wondering whether it is safe to buy Iraq dinar banknotes or not, after what the Forbes news had published about the threat while buying the Iraqi currency. But the information provided about the Iraqi dinar latest news in the blog is informative and reduces the fear of buying the Iraqi dinar.
Similarly, there are other websites that are preventing buyers from buying the Iraqi Dinar and that is the main reason why people fear to buy the currency as the reputed mediums of the people are the one who devalue the currency by their statements and establish a fright in people related to the security of the banknotes or coins they own.
I like to be hear and read all the security features of the Iraqi Dinar. Now I am feeling fearless and want to buy the currency, after knowing the security features of the currency. As few of the article read by me from the other sources discourages people from buying currency. But here I have found encouragement as there are no hide and seek while dealing with the currency purchase.
You are correct Daniel, about the Iraqi dinar news. I have gone through the similar type of news on the Forbes, where the author John Wasik has written about the Iraqi Dinar Revaluation Schemes Probed By FBI. He said in few of the lines :
?That leaves the dinar in a basket of woe. Will it be revalued to make all of its holders rich? It seems unlikely given the chaotic political situation, which is even worse than before the U.S. invaded after 9/11.
So what are dinar peddlers actually selling? Well, paper for one thing. Extreme, unrealistic hope for another.? Source: http://www.forbes.com/sites/johnwasik/2015/06/19/dinar-revaluation-schemes-probed-by-fbi/
But what he said sounds as if he is an anti-dinar person. Let me tell you that dinar got devalued for sometime but now it is not like it was previous. Now there are ways of revaluation of the currency and can match the rates of the todays comparison currency(USD). There is a huge potential in the country?s oil reserve which can make the complete Iraq what it was previous ? a fully flourished country with happiness. The days are near, if the Iraqi Government think about the proper investment of their resources and it will help in increasing the rate of the Iraqi dinar.
Its wonderful to know about such a security features of the latest Iraqi Dinar Banknotes. I have read about the 50,000 Iraqi Dinar note from some sources, but I was quite doubtful about the realness of the currency. As the security features of the note isn?t available on any of the website. I suppose to find it here sooner or later, as there are different notes security features available in this article.
I even have gone through Wikipedia while I was search for the security features using the search term Iraqi dinar wiki. I have found some statements written about the ?In November 2015, the Central Bank of Iraq announced the introduction of a new 50,000 denomination banknote.?
But Wikipedia fails to explain about the security features of the Bank notes, I have found that here I have got several features of the bank notes and surely I will get the one about the 50000 Iraqi dinar banknotes. If you have any link related to the security features of the 50,000 denomination note than kindly tell me. I will be grateful to you for enlightening me with your knowledge. Thank you.
The Iraqi Dinar banknotes security features explained here are clear as still water. The only thing that I want to know about whether what the other websites are telling about the Iraqi dinar revaluation is true or not. I was searching for the Iraqi dinar revaluation, when I came across an article on wealthdaily.com saying:
?The dinar collapsed after the United States invaded Iraq and toppled Saddam. Prior to U.S. invasion, the Iraqi currency was trading over USD3 to one Iraqi dinar on the strength of the country’s massive oil industry.
After the collapse, the dinar was trading significantly lower. At one point, a single dollar purchased one thousand Iraqi dinar.
Speculators began to take positions in 2004 hoping someday, the dinar would recover and the UN economic sanctions would be lifted, allowing the currency to be revalued. Since then, there has been much speculation regarding how and when that would occur.
But here’s the really interesting part…?
There are more to read about the Dinar revaluation in that blog but what they have missed? They should have completely told about the Iraqi dinar and the process stats of the revaluation. This is what a potential buyer need to get attracted towards the Iraqi dinar.
I have gone through an article on Forbes related Iraqi dinar speculation, what it says is it true? It says:
?Dozens of people have signed up for tax consultations with me over the years looking for a windfall profit on the U.S. government revaluation of the Iraqi dinars back into U.S. dollars. In other words, these were people holding dinars who were hoping they could exchange them for dollars again.
Most dinar investors are current and ex-military, war zone contractors and now speculators. A cottage industry of promoters has sprung up on the Internet promising dinar ?get rich? schemes. Many have invested, say, $5,000 and they hope to make millions. I?ve always thought it was a scam, as it sounded too good to be true.?
The author of the post, Robert Green, personally wrote: ?After reading several good comments on this blog exposing the buy Iraqi Dinar get rich quick scheme as a scam, I want to make it very clear that I also believe it?s a scam. My intent for the original blog was to answer tax questions about holding physical currency as an investment, not to drill down into the Iraqi Dinar scheme. I may do just that in a follow-up post soon.?
Now what one has say about it. I am still puzzled by the statements of R.G. Hope to find the answer that.