The Dinar is the official Iraqi currency. It was introduced into circulation in 1932. From 1947 to 1954, the National Bank of Iraq issued the banknotes. After 1954, the Central Bank of Iraq took over this job. Until 1959, the Iraqi Dinar was valued at par with the British pound.
Between 1990 and October 2003, Banknotes were issued bearing an idealized engraving of former Iraqi President Saddam Hussein. This was also true of the 25 Dinars note issued during 1986. Of course, the visage of Saddam Hussein is no longer gracing the iraqi dinar currently being printed, though consumers and investors may still be able to purchase the old bank notes online if they wish.
If you are considering whether to buy Iraqi Dinar, remember that the value of the Dinar is always in flux. It may go up or down after the point at which you purchase it. When you decide to sell Iraqi dinars, they may be worth more or less than they were when you originally paid for them. However, this is true of any investment you could make in foreign currency, just as it is true of other investments like those made in the stock market.
When you buy Iraqi Dinar, each banknote is processed through a DeLaRue authenticity verification processing machine before it is shipped to you. DeLaRue, the company that is responsible for printing the Iraqi Dinar for the government of Iraq, is located in the United Kingdom. When you buy Iraqi Dinar, there are many security features for you to check on each bank note. This helps to keep your investment safe.
If you decide to buy Iraqi Dinar, make sure that you work with a reputable organization whose trustworthiness can be independently confirmed. As well, when you buy Iraqi dinar, it is necessary for you to obtain confirmation that the Dinar you have purchased is being sent to you securely.