Some of the more important historical Iraq Dinars are those from the Saddam Hussein era and also from before his time. One of the more popular collectible dinars from Iraq are known as the King Faisal Dinar and they are extremely rare. Of course, collectible dinars such as this are not at all affected by the dinar exchange rate, they are only valued on their numismatic worth.

Most of the time only investors will be interested in the exchange rate, but at the present time the rate has not fluctuated much over the last few years. In fact the rate has stayed pretty much between 1,150 dinar per dollar and 1,250 dinar per dollar since 2006. The price on the street is a little less and may go for as much as 1,500 dinar per US dollar.

The Saddam Hussein Iraqi dinar are still fairly popular for the collector and actually bring more than the exchange rate would allow, but they are obviously no longer legal currency in the nation. However, some people and especially US soldiers who may have fought in either of the Gulf Wars like to collect this particular version of the dinar for its historical significance.

If you are interested you can buy Iraqi Dinar here.

Whether you are investing and looking to stock up on Dinar in the hopes that some day it will get to a place where you can cash all your stash in and make a bundle, or you are just looking for something to have as a souvenir, the chart will help you decide when to buy and what price to pay.

The chart is also helpful if you are involved in Iraqi dinar forex currency exchange since it is updated every 30 minutes. If you are making forex trades it is obviously important that you have current information to make sound financial buying decisions.

The chart shows 1 IQD (the symbol for the Iraqi Dinar) equals however many US dollars. The rate is usually around .0086 American dollars, but does fluctuate a little bit. However, if we return to peace in Iraq anytime soon, the rate of the dinar will soar and those holding on to thousands or hundreds of thousands of them will be rich.

Get the current Iraq Dinar rate here.

Some Facts About The Iraqi Dinar

The Dinar has been in circulation in Iraq since its creation in 1923 when it replaced the Indian Rupee since Britain occupied the nation in World War 1. The currency was based on the British Pound up through 1959 when it was switched to be based on the United States dollar and equal to 1 dinar = 2.8 US dollars. In 1973 the dinar rose in value and was equal to 3.38 American dollars.

Then came the first Gulf War and the economic blockade and due to the technology no longer being available to print quality currency, an inferior note was printed and the government had to print excessive dinars causing the currency to be quickly devalued. The dinar was then equal to 3,000 per US dollar. Between October 2003 and January 2004 the new Iraqi Dinar was issued by the Coalition Provisional Authority and the exchange rate specified by the International Monetary Fund was set at 1170 dinars for every American dollar.

Unfortunately there is not an agreed upon International exchange rate and international banks do not exchange the dinar as of yet, but as of April 2006 the exchange rate on the streets has been 1,500 dinar for every US dollar. But at the writing of this post the exchange rate is 1,156.50 Iraqi Dinar per US dollar.

Many people are speculating on the value of the Dinar and investing in it because of the possibility that should it return some day to the value of 3 to 4 US dollars for every dinar, those holding hundreds of thousands of dinar would become very, very rich. Lots of places can be found to be selling the Iraq currency such as eBay, dealers, hobbyists, private investors and many other people hoping to make a buck or to try on cash in on slight variations in the exchange rate.

Should you invest in the dinar? Should you buy gold coins? That's not a question we can answer, all we can do is give you the information we find and you will have to make that decision on your own. If however, peace someday returns to Iraq, the value of the Dinar will surley increase, and those holding a large cache of these notes, will be wealthy. Maybe one of those people will be you.