Iraqi dinar conversion is not as simple as going to the bank, like you would find for Canadian money. No, this Iraq currency carries a lot more of a process with it. Even more when you are looking for dinar for sale. But there are a few companies out there that do sell the dinar to individuals.
But the dinar is an exotic, barely known currency to most Americans. It is exotic due to the fact that Iraq barely has much by way of exports. That is, except for their oil, which they export for dollars, so their main source of trade does not even use dinar. Even though the States has some larger populations of Iraqis in places like Illinois, California, and Michigan, that is certainly not enough to make the idea of finding dinar for sale a more common idea.
In 2003, some new bank notes were issued in different denominations. Those denominations are 50, 250, 1,000, 5,000, 10,000 and 25,000. Those may seem like big amounts, but a single dinar does not equal a single dollar. No, in 2012 a single United States dollar equaled 1,200 dinars. And they are currently rated at around 1,260 dinars per US dollar.
Not only is the American dollar worth more than the dinar, but the dollar is apparently of better quality as well. American money is not printed on paper, despite its feel and easily being ripped. It is actually printed on an incredibly thin cotton or linen cloth. That is why, when you find yourself with a dollar bill that is so old and worn, it feels incredibly soft and almost like fabric. The dinar is not made of such high quality stuff.
No, apparently after the Gulf War in 1991, the currency was printed both in Iraq and in China, and printed on a low quality, poor grade wood pulp paper. Much like the paper that you thought American money was printed on, this actually was printed on paper. And it is nowhere near as durable as the fabric blend used for ours. The actual printing itself lacked in quality as well. The process, known as lithography, was even believed to be done on printing presses intended for printing newspapers, not money at all. Therefore it was never equipped to print out bank notes.
Now that you know some more about the Iraqi money, maybe you would be interested in some dinar for sale. While they are not used here in the United States, nor anywhere else, really, other than Iraq, travelling to Iraq is not out of the question. Consider it for a vacation.
7 responses to “Ever Heard of the Dinar? Well, Here it Is”
very cool stuff. i never gave much thought to the currency from other countries, accept maybe Canadian and British. But it is neat to think of how many other countries in the world with their completely independent currencies
What fascinates me is that they trade their oil for dollars. What does that tell you? Makes me sad to think about how we use so much of their oil that they are willing to accept straight up dollars for it. Sad sad.
What fascinates me is that they trade their oil for dollars. What does that tell you? Makes me sad to think about how we use so much of their oil that they are willing to accept straight up dollars for it. Sad sad.
What fascinates me is that they trade their oil for dollars. What does that tell you? Makes me sad to think about how we use so much of their oil that they are willing to accept straight up dollars for it. Sad sad.
What fascinates me is that they trade their oil for dollars. What does that tell you? Makes me sad to think about how we use so much of their oil that they are willing to accept straight up dollars for it. Sad sad.
What fascinates me is that they trade their oil for dollars. What does that tell you? Makes me sad to think about how we use so much of their oil that they are willing to accept straight up dollars for it. Sad sad.
What fascinates me is that they trade their oil for dollars. What does that tell you? Makes me sad to think about how we use so much of their oil that they are willing to accept straight up dollars for it. Sad sad.