I have seen recent sales of 1 million iraqi dinar going for $1,500 lately on EBAY. Last year it was running about $800. Thats a signinficant increase. Looks like it may be drying up and someone is loading up bigtime.
Thought I would share this email I received today. Not sure what it all means.
Today at 11.02am
A major disruption has occurred on the borders of Iraq not allowing the Iraqi Dinar to leave the country. The result of this will be higher prices in the marketplace (which could be very volatile) effective immediately. Uncirculated dinar is almost impossible to obtain anymore. We are suggesting to our customers to buy Circulated or whatever we can get our hands on. Remember, it’s all currency and can be exchanged at any time. Being the World Leader in this space our resources are far more vast and our relationships more deep than anyone in our industry.
Please call with any questions, however, please know this will be a challenging obstacle for the foreseeable future.
Report: Is the Iraqi dinar recovering? April 5, 2017
There is no doubt that the main driving force of economic growth in Iraq, is its natural resources, which is reflected in the large number of oil and gas fields, which have become open to international trade.
And investing companies from all over the world in the development of these resources, which is reflected in the increasing oil exports in the country. It seems that Iraq has fully recovered from the damage suffered in the time of Saddam Hussein's regime.
And on further exploration of Iraq's oil reserves by international companies that are supposed to lead to a major increase in oil wealth, as well as known reserves in Iraq, it seems the country in spite of all these features have to form a geologist could reach the summit of wealth, unlike countries that spend a lot of money drilling, and this leads having to pay exorbitant costs for the extraction of oil.
A good example of this, the advantages of Iraqi production. The country produces oil, despite the ongoing war in which, unlike Saudi Arabia, which it wants to increase spending to avoid bankruptcy of shale oil production. While oil producers have been affected in the United States because of an attack on Saudi Arabia over Yemen, Iraq still continues its production and sale of oil profitably.
The value of the country's economy as well as its currency, directly reflected in its natural resources, oil Valahtaatat large Iraqi, enough to push the young democratic economy to prosperity. Given that there is a need for oil, it is indispensable for gas all over the world. The Iraq can look forward to the continued growth through the growing role of the public oil supplier.
Although Iraq was not previously economically exists, but it has become clear and increasingly present a strong regional role given natural Mahmyate. In fact, Iraq's oil minister said recently that Iraq will produce 5 million barrels per day in the second half of the year 2017.
With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar.
In addition, the current political events play a key role in predicting the future of the national currency, and the "ban" on the Islamic countries, provoked by the US President, would have significant consequences for the Iraqi economy.
The decision proved Trump by lifting the ban Iraq from the list of travel to the United States, a great benefit to the country's currency for other foreign currencies Iraqis exchanged more advantageous prices.
In any case, it seems the Iraqi dinar waiting for a bright future, in the end it is important to note that Iraq offers a wealth of investment opportunities in many industries with high-based oil and gas reserves of the economy.
These opportunities will become more pronounced in the coming years, as the government will continue to provide new possibilities for international investors.
Well looks like the Dinar 50 notes are now worthless. I think technically the date they become worthless is April 31, however I believe all the current 50 note trade programs out there being offered by dealers pretty much all had expiration dates of April 1, so if your still holding your 50 notes your now stuck with them unless you can flip them on ebay.
I saw a post about a good price offered to sell your Dinar to exchange of America and started checking to see who's offering best price for dinar right now as far as us selling, and noticed exchange of America is DinarTrade, TampaDinar, DinarInc, and maybe more companies.
This got me kind of curious, are there really a bunch of Dinar dealers out there or is it one or two giant company owning all these sub companies under different branding?
I noticed on another site that Sterling Currency Group and Gid & Associates and DinarBanker all seem to be the same company as well. I used to think where were a dozen or more different Dinar dealers out there but it seems as if its like 2-3 dealers with just different branding.
Corporation Name STERLING CURRENCY GROUP LLC Fictitious Names GID ASSOCIATES GID PARTNERS WWW.DINARBANKER.COM
Doesn't really matter in the grand scheme of things but just thought it was funny we here are always talking about who to buy from, who we like, who we don't like, etc and it seems as if we are talking about the same company just differnet names lol