So you think buying the Iraq Dinar is a sure way to profit, I do not think so.  It is a high risk investment with a poor outlook.

The current Iraq Dinar (IQD) was introduced between October 2003 and January 2004 by Coalition Provisional Authority in close consultation with financial experts from Iraq and the International Community.  The IQD is currently valued at a little less than seven hundredths of a US cent (1USD=1460 IQD).  The old Saddam Dinar has no current value and is worth only what a collector is willing to pay for it.

The IQD is not freely traded, and is not being used in any significant international transactions. There is not any Official bank or foreign exchange office outside of the Middle East that will exchange the IQD.  The IQD trades on a very small tightly controlled exchange.  The total volume of IQD traded by the Central Bank of Iraq is in the Thousands of dollars, compared to the $1,900 billion dollars traded on the foreign exchange market daily.

Ask yourself one question: if the Iraq Dinar is such a hot commodity, why would anyone in the know be willing to sell it to you?  If you thought the IQD was going to multiply in worth by hundreds of thousands of percent, would you sell it?  Of course not--you would be too busy buying as much of it as you could afford.

But, if you thought that the IQD was going to go DOWN in value over time, well then you might start trying to convince people that it was a "Great Deal" so that you could get rid of all of yours, before it nose dives.

Remember the old saying, if it sounds to good to be true, it probably is,  BE CAREFUL