Iraq has significant oil reserves that can contribute to economic growth.
For those who live or work in Iraq, buying dinars can be a suitable investment.
IQD has very little legitimate volume.
The IQD exchange rate is set by the Central Bank of Iraq and varies by market.
Many scammers have presented “investment packages” in IQD with excessive prices to foreign speculators.
IQD operates on global currency markets, meaning the only way to buy it is through high-fee exchange offices or some Middle Eastern banks.
One U. S. dollar (USD) is worth 1,309. 70 Iraqi dinars (IQD) as of July 20, 2023.
The cost of the Iraqi dinar is set by the Iraqi government and is replaced unless the central bank adjusts the replacement rate. This means that the government sets the value at which the currency is sold and bought.
The Iraqi dinar is traded on the world foreign exchange market. This means that the only way to “invest” in dinars is through high-fee exchange offices or on the black market.
Treasure chest. History of the Iraqi dinar and after Saddam Hussein. “
Macrotrends. “Iraqi Inflation 1960-2022”.
CNN. “Official money now for a Saddam in Iraq. “
International Monetary Fund. International Compact with Iraq, through Mr. Takatoshi Kato, Deputy Managing Director, International Monetary Fund, Sharm el-Sheikh, Egypt, May 3, 2007. »
ABC News. “Betting on Iraqi money. “
Forbes, SafeDinar. com. ” The dinar scam takes a new turn. “
The Associated Press. Iraqi Central Bank devalues dinar by up to 22% due to public anger.
Organization of Petroleum Exporting Countries. “OPEC share of global crude oil reserves, 2021”.
First change in the United States. ” Where to exchange currency by paying huge fees. “
Washington State Department of Financial Institutions. ” Scams in Iraqi dinars. “
The daily beast. ” Trump enthusiasts are pouring their savings into the “Iraqi dinar” scam. »
XE. “IQD to USD chart. “
XE. “Convert Iraqi Dinars to US Dollars. »