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Iraqi Dinar

The Iraqi Dinar is the official currency of Iraq. The first Iraqi Dinar was introduced into circulation in 1932, replacing the Indian Rupee that had been in use since World War I. The Iraqi Dinar was given a value of 1 Iraqi Dinar for every 11 Indian Rupees. At the time, the Iraqi Dinar was worth the equivalent of 1 Great British Pound.

Knowledgeable Coin Buyers

In 1959, this was changed to the rate of 1 Iraqi Dinar being equal to $2.80 United States Dollars. During the Gulf War in 1991, the Swiss printing of the Iraqi Dinar was no longer available due to UN sanctions. Due to this, a new, inferior Iraqi Dinar note was issued. The older Iraqi Dinar notes were now called Swiss Dinar notes, and continued to be used in the Kurdish regions of Iraq. Due to sanctions placed on Iraq by the United States and the international community, along with excessive printing of these inferior Iraqi Dinar notes, the Iraqi Dinar quickly devalued to 3000 Iraqi Dinar per $1 United States Dollar. Following the deposition of Saddam Hussein and the 2003 invasion of Iraq, the new Iraqi Governing Council continued to print the Saddam Iraqi Dinar notes as a sort of stopgap measure to maintain the Iraqi Dinar supply until a new Iraqi Dinar could be designed and printed. Between October 2003 and the beginning of 2004, the Coalition Provisional Authority issued new Iraqi Dinar notes and Iraqi Dinar coins.

The new Iraqi Dinar notes were produced by De La Rue using modern techniques to help ensure that the new Iraqi Dinar could not be forged. This helped to create a single, unified Iraqi Dinar currency to be used throughout all of Iraq, and to make the Iraqi Dinar easier to use by the average Iraqi. The current exchange rate in Iraq is 1200 Iraqi Dinar per $1 United States Dollar.

There is currently speculation that the Iraqi Dinar will be revalued higher than that number, and due to that there are people that invest in the new Iraqi Dinar. Due to this, there is a market in the US for Iraqi Dinar notes. The Iraqi Dinar notes currently come in the following denominations: 50 Iraqi Dinar notes, 250 Iraqi Dinar notes, 500 Iraqi Dinar notes, 1000 Iraqi Dinar notes, 5000 Iraqi Dinar notes, 10000 Iraqi Dinar notes, and the largest denomination Iraqi Dinar note is the 25,000 Iraqi Dinar note.

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A great selection of coins and other numismatic related material. Very professional.

My wife cashed in some coins and we got top dollar. We have sold to others before but no more, we found a real professional store in Nevada Coin & Jewelry. “Thank You”

Steve

Wonderful experience, Nick and Laura made it seamless and stress free. Thank you! They also sell super cool items!!

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Professional, friendly staff. Knowledgeable and fair. An interesting experience and would definitely visit again.

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While vacationing in Las Vegas I did what a lot of people do I’m sure or at least that’s what I’m telling my wife ..I blew through the money I brought a little quicker than expected and I ended up having to shop my Rolex around to several dealers to save the trip. So I looked online for places, most offers over the phone were low and that’s if they would even quote me in the first place. I spoke to a guy at Nevada Coin and Jewelry who gave me a fair ball park price and a reasonable explanation as to why his number couldn’t be solid. Went down expecting to get the lower number and in fact Robert their Rolex expert said my Rolex was a better model then I had described. He paid me a higher number than he quoted. Thanks for saving my vacation guys.

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Really cool cats over at Nevada Coin and Jewelry. You would’ve thought that I was “Madonna” the way those guys treated me. I was so mesmerized by all of the antiques, they have in there, I believe I was there for two hours, just looking, unbelieveable! When I went in I was so hot, they offered me a cold bottle of water, how cool is that? It felt like home to me. I wanted to get a price for some old jewelry that was passed down by grandma, I was well satisfied. When I left the shop, I was singing “Money, Money, Money.

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They took the time to help me sell my item and find an item. The staff does not rush you or pressure you into buying something. They take you on a little adventure by telling you about the items you are selling and looking at…

Miller B.