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Iraqi Dinar Buzz Updates

2011-01-08 17:52:55

“Lifting up His eyes, then, and seeing that a multitude was coming to Him, Jesus said to Philip, “How are we to buy bread, so that these people may eat?” This He said to test him, for He Himself knew what He would do. Philip answered Him, “Two hundred denariiwould not buy enough bread for each of them to get a little.” (John 6:5-7 RSV)

Its important to remember that when Jesus Christ walked on earth the Roman Empire was in power of the known world. The currency of the monetary system was the denarii. After learning of the revaluation of the Kuwaiti currency which took place in 1991 producing wealth for investors virtually overnight I was lead to look into the Iraqi Dinar.Could this same wealth transfer occur again? You be the Judge. Below are some facts you may wish to consider.


There’s an event that happened before only THREE TIMES in modern history, and it’s happening again RIGHT NOW! It’s creating an incredible window of opportunity that major financial institutions and influential insiders are using to make many MILLIONS–even BILLIONS–of dollars and YOU CAN TOO! It may not last much longer, so I advise you to not waste any time taking advantage of it. It could literally end at any moment! At the end of World War II the German Deutsch Mark and the Soviet Russian Ruble went down in value to almost nothing. The same was true for the Dinar in Kuwait after “Desert Storm”. If you had purchased those currencies RIGHT THEN at rock bottom prices and then sold them later when the country regained its’ economic stability, you could have become an INSTANT MILLIONAIRE for just a few bucks! Well, that same circumstance is HAPPENING AGAIN RIGHT NOW IN IRAQ! Because of the conflict in Iraq you can buy Dinar inexpensively TODAY! You can buy a MILLION Iraqi Dinar for $1200 to $1300 based on volume! Please study the following Chart.

The Rationale

The US dollar is worth what it is because the US federal government SAYS it is. The World Bank takes the US government’s word for it and, based on the economic stability, assigns the US dollar an international value. Right now the central government in Iraq is nearing completion. In 2002, before the conflict in Iraq , the Dinar was valued at about $0.32 US! If you had 100,000 Dinar then you could have cashed it in for over 32,000 Dollars in US Currency!!! Although the Iraqi Dinar is still good today in Iraq and its citizens are using it to buy and sell daily, its international value right now is only about a fraction of a US penny! Many economists believe the Dinar will return to at least its 2002 value level in the near future!

The New Iraqi Dinar

The Iraqi Dinar is the legal currency of Iraq . Prior to the 1991 war the official rate of the Iraqi Dinar was approximately 1 Dinar to 3 US dollars. The currency’s value significantly dropped after the 1991 invasion and United Nations embargo. The value of the Iraqi Dinar has since appreciated from lows of approximately 3,000 Dinar’s per US Dollar to between 1,170 and 1,200 recently. The old Iraqi Dinar issued prior to October 2003 showed the image of Iraqi President Saddam Hussein. Following his removal in the 2003 invasion of Iraq , the Iraqi Governing Council made public display of images of Hussein illegal. In an effort to feed the Iraqi economy, the Office for Reconstruction and Humanitarian Assistance began printing more 250-dinar notes. Saddam Hussein appeared on all post-war Iraqi Dinar banknotes, aside from the reprinted “Horse head” 25 Dinar note. In October 2003 the United States occupation administration authorized a new banknote issue comprised of denominations of 50, 250, 1000, 5000, 10000, and 25000 Dinar. A 500 Dinar note was issued in October 2004, and notes of 25, and 100 Dinar are anticipated. These new notes replaced the old Dinar of Saddam’s era and have quickly been accepted. The new Dinar is more secure unlike the easy to counterfeit old Saddam Dinar. It has many visible and invisible security features that are virtually impossible to fake. This new and secured Dinar will undoubtedly provide a stable foundation for Iraq ‘s future economic growth.

Why Invest in the Dinar?

Read a few of the many factual and expert analysis and findings by notable economists, economic publications, government heads and more – about the current and future trends of the Iraqi Dinar. Iraq holds the second largest oil reserve in the world, with 95 percent of Iraq ‘s revenue coming from exported oil. Combine that with the continued rise of oil prices and you have the makings of a strong economic comeback. The Iraqi Dinar has also managed to appreciate in value from its all time low of 3000 Dinar to one US dollar to the recent level of between 1200 and 1170 Dinar to one US dollar. Before the 1991 war it was 1 Dinar to 3 US dollar. Keep in mind that the new Dinar has only been in existence since October 15th 2003 . The monetary system established by the new government encourages foreign investment, a key to developing a strong economy. A new stock market opened recently with record trading volumes pushing stock prices drastically upwards for the 27 firms listed, with over 2 billion shares changing hands in only 6 trading sessions. Real estate in Iraq is booming, largely because of the severely depressed prices due to the restrictive policies of the old regime. With money flowing into Iraq , citizens are now buying houses in neighborhoods generally reserved for government officials.

Read Iraqi Dinar Currency Chart on Next Page

History of the Dinar
History of the Iraqi Dinar – see the timeline of events that has occurred in the recent past that has affected the value of the Dinar. The Iraqi Dinar is currently near the lowest ever value and is expected to climb at a very rapid pace.

Currency unit consists of 1,000 fils or 20 dirhams. When officially introduced at the end of the British mandate (1932), the dinar was equal to, and was linked to, the British pound sterling, which at that time was equal to US$4.86.


Iraqi dinar (ID) equaled US$4.86 between 1932 and 1949 and after devaluation in 1949, equaled US$2.80 between 1949 and 1971.


Iraq officially uncoupled the dinar from the pound sterling as a gesture of independence in 1959, but the dinar remained at parity with the pound until the British unit of currency was again devalued in 1967.


One Iraqi dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began.


Upon the devaluation of the United States dollar in 1973, the Iraqi dinar appreciated to US$3.39.

1980 It remained at this level until the outbreak of the Iran-Iraq War in 1980.


In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation despite mounting debt.


In early 1988, the official dinar-dollar exchange rate was still ID1 to US$3.22; however, with estimates of the nation’s inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar’s real transaction value, or black market exchange rate, was far lower-only about half the 1986 official rate.

1986–2003 Exchange rate was between .33 cents to 1.32 to a dollar.


In October 2003, the official dinar-dollar exchange rate was ID1 to US$0.00027.


August 2004 till 2005, the official dinar-dollar exchange rate is ID1 to US$0.00068.


October 2007, the official dinar-dollar exchange rate is ID1 to US$0.0008.


November 2008, the official dinar-dollar exchange rate is ID1 to US$0.00082.


December 2009, the official dinar-dollar exchange rate is ID1 to US$0.00084.


December 29, 2010, the official dinar-dollar exchange rate is ID1 to US$0.000855.