0
The Iraqi dinar has been in process of change since the issue of the New Iraqi Dinar in late 2004. ....Central Bank of Iraq financial statements indicate that the redemption of the old Saddam dinar and the old swiss dinar came to a total of around 7 trillion dinar. ....Those same financial statements indicate that the Central Bank of Iraq has been expanding the paper currency supply each and every year since then, and the current currency level is well over 32 trillion dinar. ....One must also consider that their current broad money supply is around 70 trillion dinar(the actual amount that must be revalued). .....These actions indicate that the Iraqi dinar is in fact going to go through a re denomination, and possibly then go through a series of revaluations in returning to a place of prominence among its regional currency partners.
...The Kuwaiti dinar was not subject to a grand revaluation back in 1990, but rather the victim of a loss of confidence following the invasion of the country by Saddam Hussein. Savvy speculators did make a nice gain on the currency when the rate returned to its previous levels. ......But many of the tales just don't add up. .....One must take into consideration that even to this day, there are only about 6.5 billion physical Kuwait dinar in existence.
Wiki User
∙ 11y ago
Wiki User
∙ 15y agoYes.
Add your answer:
Earn +20 pts
What is a Kuwait Dinar?
A Kuwait Dinar is a kind of money just like $'s
What banks sell Iraqi dinar?
I know a company like Dinar Currency is the best source for every dinar purchase and sell Iraqi dinar. Not only that they provide authenticity, they can also help people manage and understand Iraqi dinar-the finest service that a person can get. I hope it will be helping others.
How much worth Iraqi dinar when revalue end of 2012?
It is impossible question to answer honestly for there are too many factors to weigh, and with world currencies under pressure, as well as the U.S. dollar dropping in value, it is not possible to know what the Iraqi dinar will be worth as each currency will be different than it is now. As to the end of 2012, who knows, it could happen next month, there has been so many public announcements by officials that it is pending revalue, but in Iraq, talk is cheap, just like the dinar, so do not believe anything you hear as fact. I have been waiting since 2003 U.S. invasion, and I am still waiting. lol TV-Promotions.com
Why the currency of Iraq is very low?
the Iraqi dinar or IQD is a low currency because of the low economical level the country is in now.. because of the war and the embargo of the USA on Iraqi people in the 19 nineties.. the Iraqi dinar was worth something like 3.5 USD in the 19 Eighties
Which country is having highest rates of exchange for Indian rupees?
Kuwait dinar. Its like 1dinar = 198rs
What money used in Kuwait?
The currency used in Kuwait is the Kuwaiti Dinar. It is the STRONGEST currency in the world, with one Kuwaiti Dinar equalling to about 4.5 US Dollars. It is divided into 1000 fils (just like the American Dollar is divided into 100 cents).
When will Iraq increase the value of it's dinar?
Will Iraq money value will be high on 2011 like Kuwait value...
Will the dinar have value in the future if so is it worth investing in?
You are going to have to be much more specific. By Dinar what are you meaning? The Algerian Dinar? Iraqi Dinar? Serbian Dinar? Etc. and what do you mean investing? Are you investing in old coins? Or simply paper money? Are the coins struck in a precious metal like gold or silver? Or base metals like Brass, Nickel or Copper? Without knowing that information, it is impossible to advise you.
WHERE IS THE BEST PLACE TO CASH IN MY IRAQI DINARS. WITH THE LEAST AMOUNT OF FEES. NEAR NEW ORLEANS LA. AND THE SURROUNDING AREA.AM WILLING TO TRAVEL TO SURROUNDING STATES.?
This sounds like it's part of this scam http://bizcovering.com/investing/the-iraqi-dinar-scam
What is the currency in Serbia?
The Serbian Dinar is the currency of Serbia.The smallest coin is 1 dinar, the largest banknote is 5,000 dinar.The international trading code is RSD.
How did the Persian gulf war start?
Unofficially: When Kuwait started slant drilling with equipment and technology from the US. The Kuwaiti's also dropped the price of oil, in turn slowly bankrupting Iraq. Officially: When Iraq invaded Kuwait.
Did World War 2 ended all wars?
No it did not. A couple years after it ended there was the Koreans War, Vietnam War, Iraqi Freedom, Iraqi Invasion of Kuwait and potential Invasion of Saudi Arabia, Russian invasion of Afghanistan(i think. Lits of countries named like that. Not being racist) and Georgia, and Terrorists can be considered a war and Drug Trafficing War.
