After decades of oppression and tyranny, Iraq has focused on rebuilding its country. And throughout this process, Iraq has begun to prosper. Economic development, growth and the number of foreign investments have been increasing steadily and greatly contributed to the country's rebirth. As part of its future stability, a strong currency is vital to the young democracy's success. Investing in Iraqi currency, or the new Dinar, enables you to contribute to the country's reconstruction and long-term economic prosperity.
The return on your investment is contingent on the Dinar exchange rate, or the rate at which Dinar will be exchanged for the U.S. dollar. The Dinar exchange rate fluctuates in response to the evolving political and economic climate in Iraq and determined by the foreign exchange market. To ensure that our customers are able to make informed investment decisions, Dinar Trade always provides the latest news, updates on emerging issues and most current Dinar exchange rates on our website. We are committed to providing any information that might have any impact on the Dinar exchange rate or our customers' investments.
For example, before the United Nations embargo that followed the 1990 Iraqi invasion of Kuwait, the Dinar was the equivalent of $3.20 U.S. dollars. By August 2002 the Dinar exchange rate had fallen and begun trading at just below 2,000 to the U.S. dollar; by mid-April 2003, the Dinar exchange rate had tumbled between 3,500 and 4,000 Dinar to the dollar. With the country's growth, the Dinar value has appreciated, and as of June 2012 a single U.S. dollar is now equivalent to approximately 1,166 Iraqi Dinars. According to the Central Bank of Iraq, the new Dinar's worth has risen by 45% since the introduction of the Iraqi Currency Exchange (ICE) in October, 2003.
Dinar Trade is registered with the U.S. Department of Treasury and remains the largest independent dealer of the Iraqi Dinar. When you purchase currency from Dinar Trade, you are guaranteed to receive Iraqi Dinar that is 100% authentic. Dinar Trade only imports currency of non-criminal origins, cleared through U.S. customs and verified on a De La Rue authentication machine. With each order of new currency, you will receive a certificate of authenticity that guarantees the currency's authenticity and origins.
Dinar Trade maintains an A+ rating with the Better Business Bureau and remains committed to ensuring an expeditious, secure exchange for Iraqi Dinar. All currency is in stock in the U.S. and shipped via insured FedEx priority overnight service. Dinar Trade maintains the highest standards of quality performance and customer support and is dedicated to your satisfaction and seamless purchase of Iraqi Dinar.