Invest Now in the Iraqi Dinar!

Written by Seattle News Stations on . Posted in Buying dinar, Dinar, Iraqi dinar exchange rate history

Iraqi dinar exchange rate

The Dinar, previously subdivided into 1,000 fils before fils became obsolete due to inflation, is the official Iraqi currency. Many people enjoy dinar trading. The dinar, and thus, dinar trading was introduced into circulation in 1932. It replaced the Indian rupee, which had officially been Iraqi currency due to the Post WWI British occupation. From 1947 to 1954, the National Bank of Iraq issued Iraqi dinar banknotes. After 1954, the Central Bank of Iraq took over issuing the banknotes and dealing with dinar trading. Until 1959, the Iraqi Dinar value was right on par with that of the British pound, making dinar trading a safe investment.

Iraq is referred to as the cradle of civilization. Though the country has had a tough time l