Iraq is often called the cradle of civilization, and due to this nickname has one of the oldest histories of currency. Currently, the government uses the Dinar as its form of currency. The Dinar even replaced the Rupee in India. The Rupee had been the official currency there since the British occupation in WWI. Since then, there have been many changes with the Iraqi currency, and the Iraqi dinar value is constantly changing.
Many Americans are making investments in Iraqi Dinars. However, before choosing this as a form of financial investment, make sure you have plenty of information about the currency, the state of the government, and the Iraqi Dinar exchange rate. Also, keep in mind that Iraq has very few exports other than oil, which is sold in dollars. This means there is little demand for Dinars, and they are mostly kept for their exotic status. Take this into account when determining the iraqi dinar value.
If you choose to buy Iraqi Dinar, you will need to determine what denominations you would like them in. Banknotes were issued in 6 denominations in 2003 that included 50, 250, 1,000, 5,000, 10,000, and 25,000 dinar. Dinar can also be issued by the Central Bank of Iraq, and subdivided into 1,000 fils, although inflation has rendered the fils obsolete.
Do plenty of research on Iraqi dinar value, and consult a financial advisor if this is an investment you think you can profit from. Be sure to keep up on Iraqi Dinars latest news and exchange rates. With the right amount of knowledge and timing, you could profit from Iraqi Dinar investment. Once you have a solid financial plan, seek out a company that works specifically in the trade of Iraqi Dinar.