Can i exchange iraqi dinar for us dollars

Dinar currency brokers may not be legitimate: The Washington State Department of Financial Institutions DFI , in a warning about potential dinar scams, notes that a number of online dealers who offer Iraqi dinars register with the U. Begin typing your search term above and press enter to search. Press ESC to cancel. Psychological disciplines. Ben Davis February 22, Where can I exchange Iraqi dinar for US dollars? Currently, an exchange market for Iraqi dinar doesn't exist, and it's uncertain when dinars may be openly traded.

Still, there are a few methods for exchanging dinars. Sell your dinars back to the dealer from whom you purchased them. If you haven't already been working with a dealer, you can find one by searching online.

Sell your dinars to banks. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads.

Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. What does it mean to "invest" in the Iraqi dinar? In simple terms, it's conducted in the same fashion as any currency investment.

As with buying stocks, bonds, or other currency, you purchase dinar at a given price and then expect the price to rise. The real question, though, is not just "can" you invest in this particular currency, but rather "should" you invest. Financial scams usually have certain characteristics that can be identified with a bit of research:.

In the case of the Iraqi dinar investment scheme, there might be additional red flags :. All these factors give rise to further doubt. Forex refers to currency trading and currency pairs. If your expectations come true, and the exchange rate improves to a hypothetical value—say one U. But what happens if the dinar takes the opposite direction? Now your invested holding of 1. It mentioned the International Compact with Iraq , which was interpreted in multiple ways and led to further speculation in the Iraqi dinar currency trading.

The article further states:. Civil war, regional fights, and western countries staying away are major concerns of current Iraq, with the extreme possibility of the country splitting into three separate regions.

If that happens, the payday may never come for investors holding the Iraqi dinar and waiting for value appreciation. Backed by the oil reserves , Iraq has the potential to spring back and establish itself as a stable economy. Once your notes are received, counted and verified we will send you an email with our buy price.

If agreed we will process your exchange, if not then we will ship your currency back to you. The price of which we are willing to pay will always be shown on the website before you send us your currency. The purchase of foreign currency carries a high level of risk and is not suitable for all people. Foreign currency purchases pose risks to buyers as a result of fluctuations in the value in the currency purchased.

The value of any currency purchased may be affected by many political and economic factors applicable to its issuing country. The purchase of foreign currency is neither insured nor guaranteed by the FDIC or any other governmental agency. Further, nothing on this website should be construed as furnishing investment advice.

Southwest Group, LLC recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager prior to any transaction. For more information, please refer to our New Disclosure Page.

You can enable JavaScript via your browser's preference settings. Please note that Currency Liquidator no longer supports Internet Explorer versions 7 or 8. Local, national and international Iraqi Dinar shipping is all done quickly and with precision. All Rights Reserved.