Here are some very interesting facts about the Iraqi dinar and the dinar trade that you might find fascinating. These facts can also come in handy if you are considering entering the dinar trade market.
The dinar was first introduced into general circulation in 1932. From 1947 until 1954, these Iraqi banknotes were issued by the National Bank of Iraq. After 1954, the dinars were issued by the Central Bank of Iraq. The history of the dinar and the dinar trade are quite unusual. Following the gulf War in 1991, the dinar was printed both in Iraq and in China. This Iraq currency used poor grade wood pulp paper, rather than linen or cotton. The currency used an inferior quality of lithography during the printing process. It is alleged that some of the notes in the dinar trade were printed on presses that were designed for printing newspapers. Banknotes issued between 1990 and October 2003, as well as the 25 dinar note that was issued in 1986, bear an idealized engraving of former Iraqi President Saddam Hussein.
For those interested in the dinar trade or buying Iraqi dinar will be interested to know that the dinars to dollars exchange rate is currently 1,260 dinars to one dollar. This is a level of dinar trade of currency that has not been reached since last year.
Many people familiar with foreign currency exchange and investment opportunities, are often surprised that the dinar trade is very active. Many people believed that the Iraq currency was illegal to even possess. However, this is not true, and the dinar trade is very legal and very active. If you are interested in investing in the dinar trade market, you can contact a dinar banker or another reputable company that specializes in the dinar trade. Ask questions, do your homework, and you might find this to be another part of your foreign currency investment portfolio. References.