If you are interested in buying Iraqi dinar (IQD), we think it’s a good idea to know something about it. The Iraqi dinar is also called the New Iraqi Dinar to differentiate it from the dinar notes issued prior to 2003. The older notes are often referred to as the “Saddam notes” because they feature th image of past Iraqi leader Saddam Hussein. Those notes have no monetary value in the economy of Iraq and are simply sold as collector’s notes.
The currently used dinar notes come in 7 denominations: 50, 250, 500, 1k, 5k, 10k and 25k notes. In the US, they are available through currency dealers like Sterling Currency Group and may be purchased as circulated (used in the country) or uncirculated (crisp, unused) notes. The notes utilize advanced anti-counterfeit features.
The Iraqi dinar is a source of great speculation and the wise buyer will elarn more and choose a reputable dealer when making a purchase.