IRAQI FAIRS

As of now, there is not an international exchange rate that dictates the value of the New Iraqi Dinar. The currency came out in 2003 and people who have bought the Dinar with Dollars have helped double the Dinar’s value. The current value is based off current program exchange rate determined by the IMF and the Central Bank of Iraq. If you want to buy the currency, you cannot go to a bank and get it. You need to use the services of registered money brokers to buy the New Dinar and exchange it for the currency you like when the international exchange rate is set.

Hold a Stake in Iraq’s Success

Consider this: prior to the Gulf War, you needed $3,200,000 to buy 1 million Iraqi Dinars. However, today you can buy the same number of Iraqi Dinars for $1,199.

Did you know that the US has invested over $ 200 billion for the future of Iraq so far and committed to investing much more in the future? Due to this, speculators are buying the New Dinar up in billions. Currently, you can buy close to 100,000 New Iraqi Dinars for $100. They have the world’s third largest identified oil reserve and with the new government, they have been tapping into it. A number of oil companies are expressing interest in the Iraqi oil reserves too, and it won’t be long before the Iraqi Dinars will be worth a lot more.

Even in the midst of all the chaos and political uncertainty, the Iraqi dinar has managed to appreciate by 25% (since 2003) and forecasters predict continued appreciation. With confidence in the currency, stability and growth are sure to follow shortly and it is definitely a good idea to be a part of it!

Once you have bought and received Iraqi Dinars, it is important that you check the authenticity of your dinars. The best test is to run your dinars through a De La Rue machine, but this machine costs thousands of dollars and is impractical for the individual investor. However, here are five ways to check the authenticity of a 25,000 IQD note.

Five Ways to Check the Authenticity of a 25,000 Iraqi Dinar

1. Hold the Iraqi dinar up to a bright light and a horse head should clearly appear. This pattern is embedded, not printed, into the paper.

2. Look at the bottom left hand corner of the note at different angles, the eight sided symbol should change color from purple to green.

3. Hold a UV lamp over the Iraqi dinar. There should be a UV box with writing inside on the back side of the dinar.

4. You should see an image of a dove printed in metallic ink on the top left hand corner of the back of the dinar.

5. Check that a metallic security thread is embedded into the stock of the Iraqi dinar paper.

If you bought your dinars from a trusted dealer registered with the U.S. Treasury who also has an excellent rating with the Better Business Bureau, you should have received a certificate of authenticity guaranteeing that each dinar is real and of non criminal origin. However, it is a good habit to manually check a handful of dinars yourself just to be sure.

Buying Iraqi dinar on the internet can prove to be a quick and easy process, especially if you have the right online dealer by your side. ?The actual purchase of dinar can be accomplished with the click of a mouse, but the prudent investor needs to consider several other factors about which online dealer he or she patronizes before making such an important financial commitment.?The first thing that you need to determine is the size of the investment that you want to make and the denominations of Iraqi dinar that you wish to buy. ?

Certain dealers only handle orders of a specific size- some specialize in smaller personal orders and others in large currency retail and shipping. Choosing the right online dealer for your Iraqi dinar investment can ensure that you get an advantageous deal- shopping around for the right rate given your intended purchase could greatly increase your profit margin on the investment.

When choosing an online dealer specializing in Iraqi dinars you should consider the following:

- ?Is the dealer registered? This is the first aspect that should be considered. All authentic dealers trading in Iraqi dinars are required to register with the US Treasury Department and Better Business Bureau (BBB).?An authentic dealer should have no objection to providing proof of their registration, as well as other information concerning their reputation, such as media or client reviews.

- ?Always check to see if an online brokerage firm is incorporated or an LLC (Limited Liability Company). This indicates that the company is legal and is a registered entity.

- ?Consider how long the company has been trading in Iraqi dinars and other forms of currency. ?Given the recent popularity of trade in Iraqi dinars, there has been an increase in investment frauds and counterfeit scams, many of which are performed online or through the mail.

- ?Verify the physical address and phone number of the company. It is important to know the physical address of the company so that it is easy for you to contact them in case of any questions or concerns. ?Also, a verifiable address (not just a P.O. Box) makes it more likely it is a legitimate dealer.

- ?Consider the payment method that the company follows. Credit card payments are the best and the most protected. ?If the dealer insists on international wire transfer then it is advised that you should be aware.?

- ?Assess the shipping policies of the dealer. Make sure that they employ reputable carrier services so that you can be assured of your shipment of Iraqi dinars.

- ?Ask the dealer about its protocols for verifying the authenticity of the dinar notes.?The dinar has six features of security and these features should be checked before shipping.

- ?Inquire into how the online dealer guarantees the dinars, and learn about their procedures for returns or exchanges if for any reason you are not satisfied.

- ?Ask the broker whether they deal in both buying and selling the currency. If the dealer purchases the dinar as well as sells it, sometimes they can offer preferred exchange rates if the currency goes up in value.

If a broker meets these requirements, there can be many advantages to choosing to start your investment with online dealers.?Aside from the convenience of being able to make transactions at anytime from anywhere in the world, many online brokers also provide investors with RSS news feeds that provide up-to-the-minute exchange rate information and other relevant economic news. ?