Iraq had to pass through some circumstances due to which Iraqi dinar fell down from its high value to low value. These circumstances were the Gulf war, Iraq-Iran war, UNO sanctions and invasion by US security forces in Iraq. After 2003, Iraqi dinar came to the level of 3500 Iraqi dinars to USD and after a few months this currency came to the level of 1167 Iraqi dinars per USD. That’s the reason Iraqi dinar lost its value reached to the level of historic low level.
Present value of Iraqi dinar is again 1167 Iraqi dinars per USD and this value is expected to rise with the advancements in the economic conditions and that’s the reason, on the internet; you will find news about oil production and exports. Buy Iraqi dinar according to investment perspective is an attractive investment and this investment will lead towards the creation of profits.
You have to take great care when opting to invest in Iraqi dinar because there have been come so many cases of frauds in the Kurdish region. So you have to be familiar with the security features embedded in the Iraqi dinar currency notes, this will not save you from frauds buy this will help you to ask from the Dealer to find dealer’s authenticity and reliability. When buying the Iraqi dinar from the dealer then find out that the dealer must have certifications from Better Business Bureau and US treasury department. This is one of the best ways to know about the authenticity of an Iraqi dinar dealer. When you are completely satisfied then invest in dinar and secure it for future savings.