Wanderlust World Wanderlust World When the Coalition Provincial Government of Iraq issued Order 39, they opened the door for foreign investment into Iraq. Part of this foreign investment includes investment into the New Iraqi Dinars (NID), which replaced the old Iraqi dinars in 2003. Prior to the economic sanctions that were placed on Iraq for the invasion of Kuwait, the Iraqi dinar was worth $3.20. Today, it takes 1,200 Iraqi dinars to equal just $1 USD. As security takes hold and the Iraqi economy turns around, the value of the dinar should begin to increase tremendously, particularly since the country holds $10 trillion in oil reserves. This makes the Iraqi inar a popular financial investment for those who invest in foreign currencies. If you would like to cash in on the future of Iraq, keep reading to learn how you can buy Iraqi Dinars in the UK.
Make sure you are purchasing the New Iraqi Dinars (NID), and not the old Iraqi Dinars. If you have acquired dinars bearing the likeness of Saddam Hussein, then you have a nice artifact, but a worthless monetary investment. The New Iraqi dinars come in denominations of 50, 250, 1000, 5000, 10,000 and 25,000 Dinars.
Learn to spot fake dinars. The New Iraqi Dinars are printed in the UK by De La Rue. The contain some of the most advanced security measures available as a method of preventing counterfeit dinars from being circulated. Watermarks, security thread, raised letters and color changing ink are all utilized in the New Iraqi Dinars. Familiarize yourself with these security measures and inspect your dinars carefully to make sure that no phony ones have found their way into your order.
Locate a reliable distributor of Iraqi dinars. At this time, dinars cannot be purchased from a currency exchange or traded on FOREX markets. There are essentially two methods for purchasing: you can either travel to Iraq, or you can work with a distributor who buys Iraqi dinars in Iraq. Take your time to find a distributor that has a solid reputation, as there are many unscrupulous dealers who sell bad dinars. Find out whether they guarantee the condition of their dinars, and what the exchange policy is, should your order come with dinars that do not meet your expectations of quality. SafeDinar.com, operated by Dartmouth Capital, is an excellent example of a reputable distributor of Iraqi Dinars. See Resources
Place your order. Fill out an order, noting the total number of Iraqi dinars you would like to purchase, and the denomination you would like to receive them in. You can usually pay for your Iraqi dinars using credit card, check or money order. Some distributors also send dinars as a COD order.