Currency dealers typically sell Iraqi dinar to investors who are banking on the hope that the currency will eventually increase in value. This transaction, however, is ill-advised due to the dwindling state of Iraq and its links to being a scheme, according to Forbes.
Finding the value of the Iraqi dinar can be done through an online currency converter or through a news organization's financial section. Unfortunately, not all news agencies track all currencies, so a more in-depth search may be required.
Investing in Iraqi dinars offers no benefit to Americans. The federal government and multiple state governments classify Iraqi dinars investments as scams. The Federal Bureau of Investigation encourages investors contacted about Iraqi dinars opportunities to file a repo...
According to a May 9, 2014, report from Huntsville, Ala., WHNT News, it is possible that one or more small U.S. banks trade in Iraqi dinars, but the station was unable to locate a bank that does. Wells Fargo Bank and Bank of America state on their websites that they do ...
The Iraqi dinar scam tricks victims into believing Iraqi currency is about to undergo a revaluation, encouraging them to exchange their dollars for dinars. The scammers usually rely on fake websites and news reports to provide hype, and draw comparisons to the rise in v...
Currently no US bank will exchange Iraqi Dinars. They can be exchanged through ebay.com, private collectors and some international banks, including the Central Bank of Iraq.
As of October 2015, an Iraqi dinar is worth about 0.00089 of a U.S. dollar. In other words, one U.S. dollar is worth about 1,123 Iraqi dinars.