To check your notes for validity and counterfeiting, reference our Iraqi Security Features Infographic.
Uncirculated banknotes are those which have never been used in commerce – they’re crisp, clean, and unwrinkled. Often, they’re still wrapped in plastic.
Circulated notes are those which have been used in day-to-day business. Although some currency dealers have marketed uncirculated notes as superior to uncirculated, the reality is that both kinds are accepted at the same face value in commerce. The best dealers offer a fair market price for both uncirculated and circulated Dinar notes.
Iraqi Dinar Exchange Rate
Since the downfall of Saddam Hussein in 2003, the Iraqi Dinar exchange rate has been of great interest to observers watching Iraq’s economy, particularly because of the nation’s booming oil industry.
The Dinar exchange rate, just like the foreign exchange rates for any other currency, depends on the nation’s economy and its assets. The stronger the economy, the stronger the currency.
Iraq’s economy is growing rapidly and the nation is backed by the world’s fourth-largest oil reserves. As a result of the nation’s burgeoning economy, international companies continue to flock to the country, seeking lucrative development opportunities. During the twelve years since Saddam’s departure, hundreds of foreign companies set up businesses in Iraq with long-term projects that match the nation’s promising future.
Still, individual Dinar owners occasionally change their goals. Some people decide to redeem their Dinar in an immediate exchange instead of waiting any longer. If you need money for unexpected medical expenses, travel, or any other circumstances, you can sell Dinar that you want to offload.
How to Cash in My Iraqi Dinar: How it Works
The Iraqi Dinar value fluctuates over time, the same way that all currency values move in cycles. So, with any currency you sell, you’ll need to account for the difference between the original purchase price versus the current market rate.
What’s your Dinar worth? When you’re ready to sell Dinar, you should check pricing at a leading currency dealer. You’ll discover that an exceptional dealer offers full guarantees for both buying and selling Dinar.
For example, a licensed and bonded dealer like Currency Liquidator provides authenticity guarantees as well as the foreign-currency industry’s premier guaranteed buy-back program. This means you’ll have no trouble selling Dinar banknotes whenever you want to exchange them.
Is it Time to Revalue My Dinar Position?
Many people periodically take some time to reevaluate the possessions they’ve accumulated. In some cases, this means they need to sell certain objects or currency, like Dinar. If you need cash, you can sell Iraqi Dinar to quickly meet those needs.
You can be confident you’re getting the best price with Currency Liquidator. Plus, you’ll enjoy the peace-of-mind that comes from the guaranteed buy-back program which pays you a fair market price, regardless of where you bought your Dinar. At Currency Liquidator, you’ll find Iraqi Dinar for sale or you can sell your own Iraqi Dinar safely and securely.
To Learn More About the Iraqi Dinar visit the Iraqi Dinar Blog.