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Comments from a PhD of International Economics:

There are two conditions necessary for a country's currency to rebound after losing a war. The first is world support. This usually includes a commitment of rebuilding the country's infrastructure and forgiving their debt.

The second condition requires the country to have sufficient internal resources and the ability to put them into the market place. Iraq is the land between the two rivers and is renown to be the breadbasket of the Mid-east. They have large oil production ability and the world's largest untapped oil resources. Oil production is at its' peak with oil demand still growing at 4% annual worldwide. China and India's oil usage is growing at 10% annually. Any country that produces an oil surplus for export will have a large trade surplus. The demand for their currency to purchase the oil will escalate the value for their currency.

These conditions prevail in Iraq today. Once Iraq is normalized and stable, Iraq's Dinar should be at least equivalent to the other countries in the region Dinar, which are worth about $6.00 US.

Additionally, I have purchased Dinar as an Investment myself.
Keith Laggos, PhD.
President & Publisher
Network Marketing Business Journal

Dinar Notes

25,000 Dinar Note 10,000 Dinar Note

5,000 Dinar Note 1,000 Dinar Note

500 Dinar Note
250 Dinar Note

How do I know that the bills are are Authentic?
The currency contains the most sophisticated anti-counterfeiting features in history including: Watermarks, imbedded metallic strips, metallic ink, writing that is only visible under ultra violet light, raised lettering, a safety strip, a color changing symbol. The new banknotes boast of the most up-to-date anti-counterfeit features. There are also other features that were kept secret.
Security Features: Click Here

50 Dinar Note

History of Iraqi Dinar
Chart Courtesy of
eDinar Financial

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1932 Currency unit consisting of 1,000 fils or 20 dir hams. 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.

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

1959-1967 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.

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

1973 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.

1982 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.

1988 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 Because of Embargo and war the Dinar was devalued and ranged between $0.33 cents to $1.32 to a dollar. By 2003 it was at an all time low.

2001
Oil-production: 2.452 million bbl/day (2001 est.); note: production was disrupted as a result of the March-April 2003 war (2001 est.)

2002 GDP: purchasing power parity - $58 billion (2002 est.)

2002 Exports partners: US 40.9%, Canada 8.2%, France 8.2%, Jordan 7.5%, Netherlands 6.4%, Italy 5.4%, Morocco 4.7%, Spain 4.4% (2002)

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

2004-2005 August 2004 till 2005, the official Dinar-dollar exchange rate is ID1 to US$0.00068. Population: 25,374,691 (July 2004 est.)


25,000 Dinar Note	10,000 Dinar Note

5,000 Dinar Note	1,000 Dinar Note

500 Dinar Note	250 Dinar Note
	How do I know that the bills are are Authentic? The currency contains the most sophisticated anti-counterfeiting features in history including: Watermarks, imbedded metallic strips, metallic ink, writing that is only visible under ultra violet light, raised lettering, a safety strip, a color changing symbol. The new banknotes boast of the most up-to-date anti-counterfeit features. There are also other features that were kept secret. Security Features: Click Here
50 Dinar Note

1932	Currency unit consisting of 1,000 fils or 20 dir hams. 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.
1932-1949 1949-1971	Iraqi Dinar (ID) equaled US$4.86 between 1932 and 1949 and after devaluation in 1949, equaled US$2.80 between 1949 and 1971.
1959-1967	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.
1971	One Iraqi Dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began.
1973	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.
1982	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.
1988	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	Because of Embargo and war the Dinar was devalued and ranged between $0.33 cents to $1.32 to a dollar. By 2003 it was at an all time low.
2001	Oil-production: 2.452 million bbl/day (2001 est.); note: production was disrupted as a result of the March-April 2003 war (2001 est.)
2002	GDP: purchasing power parity - $58 billion (2002 est.)
2002	Exports partners: US 40.9%, Canada 8.2%, France 8.2%, Jordan 7.5%, Netherlands 6.4%, Italy 5.4%, Morocco 4.7%, Spain 4.4% (2002)
2003	In October 2003, the official Dinar-dollar exchange rate was ID1 to US$0.00027.
2004-2005	August 2004 till 2005, the official Dinar-dollar exchange rate is ID1 to US$0.00068. Population: 25,374,691 (July 2004 est.)