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Contact:  016-7844544
 e-Mail: contact@dinarsite.com
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FAQs

1. How do I know that the Iraqi Dinar is authentic?

2. How can I exchange my New Iraqi Dinar for Dollars?

3. What are the tax considerations in purchasing Iraqi Dinar?

4. Can you handle very large orders?

5. Once the Exchange Rate has been set, at what price should I cash it in?

6. What is the difference between Circulated and Uncirculated notes?

7. How to Buy Iraq Dinar from Dinar Site ?

8. What are the denominations of the new Iraqi Dinar?

9. I don’t understand why the cost of 1 million Dinars in 25,000 notes is priced differently than 1 million Dinars in other denominations. Is it now or will it be more difficult to exchange certain denominations of Dinar?

10. Will the Iraqi Dinar be revalued? When? How?

11.How are you able to offer significantly lower prices than your competitors?

12.What payment methods do you accept?

 

How do I know that the Iraqi Dinar is authentic?

The Dinar notes have the most advanced security features available in the world. Each bill contains watermarks, metallic inks, a safety strip, color changing symbol, raised lettering, as well as writing that is visible only in Ultraviolet light. The banknotes are uncirculated.Dinar Site stands behind the authenticity of every bill. Their authenticity is verified by a De La Rue machine.

 

 

 

1. Horse head watermark: This is one of the easiest security features to check for. Hold the Iraqi dinar up to a bright light source and the image of a horse head should clearly appear. This pattern is embedded, not printed, into the paper.

2. Color changing symbol: In the bottom left hand corner, the eight sided symbol should change color from purple to green when viewed at different angles.

3. Ultraviolet writing: To check for the ultraviolet writing on the Iraqi Dinar, you will need a UV lamp (as commonly found in hardware stores). In a dimly lit area, hold the UVA lamp over the Iraqi dinar. You should clearly see a UV box with writing inside on the back side of the dinar.

4. Metallic ink (25,000 dinar note only): The image of a dove is printed in metallic ink on the top left hand corner of the back of the dinar.

5. Security thread: There should be a metallic security thread embedded into the stock of the Iraqi dinar paper. Note: the security thread is metallic only on the 25,000 dinar note.

6. Unique serial number: Every dinar is uniquely numbered in East-Arabic script. See the conversion below to western numerals. Notice the similarities between the 2 and 3 numerals.

Numeral conversion:

 

 

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How can I exchange my New Iraqi Dinar for Dollars?

The central bank of Iraq has issued licenses to Western Banks to operate in Iraq these are the three banks: National Bank of Kuwait, HSBC Bank and Charter bank of England. Once these banks are operational in Iraq you could exchange the dinars trough their branches anywhere in the world .

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What are the tax considerations in purchasing Iraqi Dinar?

We are not tax advisors and we do recommend that you consult your tax advisor for this information.

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Can you handle very large orders?

Yes. We can handle any amount requested. We offer special prices for large quantities.

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Once the Exchange Rate has been set, at what price should I cash it in?

I am not a financial advisor so this really is totally up to you. No-one can predict the exact twists and turns of market, not even the experts. If the exchange rate returns to its prior war figure of $0.33 US per Dinar than you could certainly exchange it all then. If you had 1 Million Dinar it would be worth $330 000 US! Nothing to complain about! Many plan on exchanging a small amount of Dinar then and keeping an eye on how Iraq's economy and oil production continue to progress. So as you can see, it really is totally up to you.  

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What is the difference between Circulated and Uncirculated notes?

"Circulated" currency simply means the currency may have been used inside the Iraqi economy before it was shipped outside of Iraq.

"Un-circulated" currency is mint condition currency that went straight from the currency printer to the bank. It has never been used inside the Iraqi economy, it is very crisp, and is in sequential order.

Un-circulated currency is more expensive simply because it is harder to get due to both high demand and limited supply.

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How to buy Iraqi Dinar from DinarSite?

Book Your Appointment

Please call us on 016 - 7844544  to arrange your appointment . At  the same time we will provide you order number for your iraq Dinar collection , Dinar Iraq collection at Money changer Counter . Booking order number will send by SMS

For Order via courier delivery:

Step 1: Bank in payment into our account (Maybank)

Step 2: SMS amount bank in, your name, address and contact number to us

Step 3: Delivery will be arrange within 24 hours upon received of your payment

Step 4: Sit and wait. It usually take 1-3 working days for order to be delivered .

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What are the denominations of the new Iraqi Dinar?

We are a global seller of Iraqi dinars and currently offer dinar notes in denomination of 25,000, 10,000, 5,000, 1,000, 500, 250,50 notes.

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I don’t understand why the cost of 1 million Dinars in 25,000 notes is priced differently than 1 million Dinars in other denominations. Is it now or will it be more difficult to exchange certain denominations of Dinar?

The differences that arise in the price of the Iraqi currency between different denominations are due to the following reasons. Notably, it takes lesser notes for a million Iraqi Dinar if the denomination is 25,000. If we use 25,000 banknotes then 1 million only takes 40 notes. In case of notes of 5,000 denominations, it takes 200 notes. This increment adds to transportation cost and shipping charges. Also, the more the number of notes, the longer it takes to verify each of the notes as authentic. Another issue is whether the particular denomination is available or not. Notes of lower denomination are hard to acquire because we have to acquire unused notes which have not been in circulation. The denomination however, does not cause any problem with exchange of currency. The problem that a note of higher denomination might cause you is the amount that you can exchange at one point. With notes of lower denomination you have larger flexibility of how much you wish to exchange.

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Will the Iraqi Dinar be revalued? When? How?

Iraq has abundance of natural resources. The potential Gross domestic product (GDP) and the natural resources at Iraq’s make it an extremely strong economy. Studies indicate that Iraq has the second largest reserves of oil and natural gas in the world. Some even believe that Iraq actually has the largest oil and gas reserves. The production cost of oil in Iraq is vey low because of low impurities and hindrances in drilling as the oil is close to the surface. Iraq also happens to possess extremely fertile land and supplies of fresh water, something which is normally not found in Middle Eastern countries.

The value of Iraqi Dinar might increase in the immediate future. US economy in the meantime has weakened and Iraq’s has grown. There is a high chance that the increase in the exchange rate will coincide with the reduction of military force of the USA present in Iraq. Chances are also high that an appreciation might take place just before the Iraqi elections. Many international organizations such as IMF and WTO are working with Iraqi government to bring forth Iraq’s financial system to the rest of the world. It is believed that Iraqi currency will soon be available for trade openly in the international market, which will only lead to greater economic stability to the region. As for how high the evaluation of the Iraq currency would be, some conjecture can be made in this regard. A sudden high growth is quite possible given similar circumstances in the past. This valuation could be anything between the values of 0.01 US Dollars to 1.49 US Dollars. Once this first evaluation is complete chances are there will be more steady progressive growth in the future. This steady growth will prevent an international financial rush. With a steady increment, it will form a limit on the exchange rates in the Iraqi Dinar as many would keep their Dinars expecting further growth. This constant progress in the appreciation of the Dinar will allow for the formation of a free fling market as some investors will sell their Dinars as others hold on to it while some will purchase expecting bigger returns.

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How are you able to offer significantly lower prices than your competitors?

We acquire our dinar directly from The Central Bank of Iraq so we pass on the savings to you. Furthermore, as it is a buyer's market, our goal is to accommodate you, the customer. Our policy has always been to provide you with great service at the best prices.

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What payment methods do you accept?

For you safety and security we are currently accepting only case at Money changer counter.

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Iraqi Dinar