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Where to get Iraqi currency?

K

Krassus

Golden Member
Where can i get Iraqi currency? Bills, coins, whatever. Any suggestions are very much welcome. Also, what's the deal with their exchange rates? There is a fixed exchange rate of 1 USD for 3 ID (Iraqi Dinar), and yet you can get 2000 IDs for 1USD on the black market? How does that work?
 
Originally posted by: Krassus
Where can i get Iraqi currency? Bills, coins, whatever. Any suggestions are very much welcome. Also, what's the deal with their exchange rates? There is a fixed exchange rate of 1 USD for 3 ID (Iraqi Dinar), and yet you can get 2000 IDs for 1USD on the black market? How does that work?
Click to expand...

You seem to be the one with connections..........
 
At this moment, is there an official exchange rate for Iraqi currency? Just asking because I don't know, although I would doubt it.

If you wait a couple of weeks you might be able to pick up a few million or their currency for $.25 US.
 
Originally posted by: Krassus
Where can i get Iraqi currency? Bills, coins, whatever. Any suggestions are very much welcome. Also, what's the deal with their exchange rates? There is a fixed exchange rate of 1 USD for 3 ID (Iraqi Dinar), and yet you can get 2000 IDs for 1USD on the black market? How does that work?
Click to expand...
So, you are going to fly to Turkey, sneak accross the border, buy a bunch of Dinar, sneak back to Turkey and the come back here to a currency exchange?

Good luck not getting your throat cut when you buy Dinar...

 
Originally posted by: Mwilding
Originally posted by: Krassus
Where can i get Iraqi currency? Bills, coins, whatever. Any suggestions are very much welcome. Also, what's the deal with their exchange rates? There is a fixed exchange rate of 1 USD for 3 ID (Iraqi Dinar), and yet you can get 2000 IDs for 1USD on the black market? How does that work?
Click to expand...
So, you are going to fly to Turkey, sneak accross the border, buy a bunch of Dinar, sneak back to Turkey and the come back here to a currency exchange?

Good luck not getting your throat cut when you buy Dinar...
Click to expand...
No, banks stopped accepting Iraqi currency back in 1990 i believe. So it's useless.
 
Originally posted by: HappyPuppy
At this moment, is there an official exchange rate for Iraqi currency? Just asking because I don't know, although I would doubt it.

If you wait a couple of weeks you might be able to pick up a few million or their currency for $.25 US.
Click to expand...

actually the price is going up quite a bit
 
Any money changer stuck with Iraqi currency would just love to unload it on ya.

EDIT: They're all over ebay. Search for Dinar.
 
eBay is the key. The reason the fixed rate doesn't matter is that the Iraqi Dinar was issued by a bank of a regime that's no longer in power. The assumption is that it will be worthless and the new regime will set up a national bank and issue currency.

-geoff
 
They sell it at Walmart under the brand names of Penzoil, Mobil, Castrol, and a few others. Price varies by brand.
 
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