Learn how to tell the difference between the old Iraqi Dinars and the new ones. The new Iraqi Dinars come in denominations of 50 Dinars, 250 Dinars, 1000 Dinars, 5000 Dinars, 10,000 Dinars and 25,000 Dinars. If your Dinars are the old currency with pictures of Saddam Hussein, then you have a nice historical artifact. Unfortunately, these dinars are no good in terms of institutional investors, who are only interested in the new, valid currency.
Know how to spot a counterfeit Dinar. Whether you’re investing in Iraqi Dinars or Euros, any time you are buying a foreign currency, you should always take time to learn about the anti-counterfeiting measures of the currency so that you can prevent yourself from getting scammed. The new Iraqi Dinars are printed by De La Rue, and contain most modern features for preventing counterfeiting. These features include watermarks, security thread, raised lettering and optical variable ink.
Find a reliable vendor to buy Iraqi Dinars from. Your first call should be to your local bank, especially if you live in a large metropolitan area. If your band sells foreign currency, then they may have Iraqi Dinars available in the vault. You can also try to contact banks that have a branch office in Iraq, but it is typically very difficult to get a bank to export currency unless you are dealing with a large volume. If neither of these options work, then you can also buy Iraqi Dinars from online websites such as "DinarTrade" or eBay.
Place your order for the Iraqi Dinars you want to buy. You can usually pay for the order by credit card, check, money order or eWallet, depending on what vendor you are completing the transaction with.
