The idea that the Iraqi dinar may undergo a revaluation is at the heart of a number of financial scams. While the currency could undergo a revaluation in the future, as of 2015, those who attempt to invest in the currency from abroad stand little chance of profiting.
The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019. The plan is to eliminate zeros from the value of the Iraqi currency, allowing the dinar to gain
Currency news websites and trackers follow the value of the Iraqi Dinar as well as other currency types, with some websites offering news articles on recent developments. Some websites keep track of developments surrounding the Iraqi Dinar exclusively, offering more specific news on the currency's v
In dinar revaluation schemes, promoters claim that currency regulators will revalue the Iraqi dinar to a much higher rate, explains Investor Place. However, most experts do not expect any such revaluation. Many Iraqi dinar promoters are linked directly to currency traders that charge as much as 20 p
The revaluation of the Iraqi dinar up to a level of parity with the U.S. dollar, that is, to an exchange rate of 1:1, would mean that the United States would profit by trillions of dollars, according to Greg McCoach of Wealth Daily. This is because, at least according to some speculators, the United
Iraqi Dinar revaluation has not taken place since 2003. In October 2014, the Iraqi Parliamentary Economic and Investment Commission announced that the planned revaluation has been postponed for five years, based on the security and political situation in the country. Iraq can choose to revalue the c
Currency revaluation refers to a calculated upward adjustment to a nation's exchange rate relative to its chosen baseline. The process is undertaken by nations with fixed exchange rates to deliberately increase the value of its own currency relative to a single currency, a basket of international cu
Find the dinar exchange rate on Exchangerates.org and Xe.com. Both sites list the exchange rate of the dinar against several currencies, such as the U.S. dollar, British pound and New Zealand dollar. Exchange rates are updated every minute throughout most of the day.
Current rates for exchanges to and from the Iraqi Dinar are available on XE.com for a range of major currencies including U.S. and Canadian dollars, British pounds, Euros, and Indian and Pakistani Rupees. XE's rates are mid-market, representing a halfway point between and global currency markets' bu
In January 2015, Vietnam devalued its currency relative to the U.S. dollar to boost exports. The revaluation allows the country's goods to remain competitive with those exported from other countries in the region, such as South Korea.