Best Sites for Buying Iraqi Dinar and Iran Rial

If you’re traveling to Iraq or Iran, you’ll need to ensure you have plenty of Iraqi dinar and Iranian rial for your trip. But it may be difficult finding a place in your country that sells these types of currencies. Most banks in the western world don’t offer this type of service, but foreign currency exchange businesses can be pricey, after they add on exchange rates and service fees.

Fortunately there’s a whole world of online e-commerce no matter your reason for buying currency. There are many websites where you can buy dinar and rial. There are three that stand out for the best comparison: CurrencyLiquidator, BuyNewDinar, and TreasuryVault.

currencyliquidator.com

Currencyliquidator is a reliable currency exchange selling dinar and rial. It has high ratings online. It’s state licenced, a member of the BBB, and US Registry supported. Customer service is good, offering live customer support, and they offer support even after money has been purchased. There is a price match should a better rate be round on another site.

All cash has been obtained legally, with a certificate. The site has an FAQ and a blog, but there is no forum. Shipping is added onto the order at checkout.

buynewdinar.com

This website has been around for over ten years, and is one of the most popular, due to their fair exchange rates and customer satisfaction. This company is located in the USA and they uphold to the strictest set of values. Customer care goes beyond selling dinar or rial, and extends to the future. If a customer needs another receipt issued, or further information, BuyNewDinar is there to help.

Cash is obtained legally, and has been cleared through US Customs. Pricing is fair, as they don’t believe in price gouging, with a customer guarantee. All orders are express shipped free of charge. There’s plenty of information on their website, which is concise and neatly presented. There is also a forum where you can ask questions, and an informative blog.

treasuryvault.com

Treasuryvault has a neatly laid out website where people can purchase dinar or rial. This is a lesser-known company in the US that is backed up by the BBB. There’s not a lot of information on their site when compared to the others, but they back up their currency with a guarantee, and certificate.

They offer additional insurance on the currency for a fee. They don’t have a forum, but they offer free SMS alerts about what’s happening on the world currency exchange. There is also a blog that is regularly updated.

They update their site pricing frequently, and offer a fair price. Shipping is added on at checkout.

All three sites offer a reliable method of purchasing Iraq dinar or Iran rial, so you’ll want to check currency exchange rates before making your decision. For many currency buyers, customer service and an informative website is a bonus.

Is Iranian Rial good for investment?

It is no secret that Iran’s currency, the Iranian rial, has been in trouble. At the end of 2011, the United States and European Union imposed sanctions to increase financial pressure against Iran to abandon its nuclear power program. The rial has lost up to 80 percent of its value since the US- and EU-imposed sanctions. The United States has had an infamously rocky relationship with Iran in the past, but a deal was struck in July of this year to eventually lift the sanctions against Iran. This gives Iran access to at least $100 billion in frozen assets, as well as the ability to export oil. The sanctions relief would also give foreign companies the ability to invest in Iran and restore the country’s access to the foreign banking system.

While it may take Iran a few years to reap the benefits of this agreement, Iran is a nation ripe for investment opportunities because it is populated with young, well-educated citizens in addition to extensive oil and natural gas resources. One exciting opportunity in relation to Iran is investing in Iranian currency, the rial. Why would anyone be interested in buying Iranian rial when the currency has lost so much value?

This sanctions lift will likely increase the value of the country’s currency suffering from inflation. Before the sanctions were put in place, Iran’s currency was historically fairly stable in relation to the US dollar. In 2011, the Iranian rial was 1,750 to one US dollar. Today the rial’s value is 29,967.04. After the sanctions lift, it is very likely that Iran will see a dramatic rise in the rial’s value against the US dollar. This is an ideal time to buy Iranian rial before its value dramatically increases.

Similarities can be drawn between the hyperinflation Germany battled after World War I and the status of Iran’s currency today. The first half of 1922 saw the German mark stable at 320 to a US dollar. When international reparations conferences produced no solutions, the mark began to fall and by November of 1923 the mark’s value had dropped dramatically to 4,210,5000,000,000 to a US dollar. However, within a few years, Germany managed to stabilize its currency and today Germany is one of the strongest economies in Europe.

In the long term, Iran is a good country to invest in, however, options are limited in the short term. Buying Iranian rial is one way to invest in Iran, and in Iran’s likely prosperous future while securing a portion of that prosperity for yourself. Right now prices are down, which means it is the best time to buy Iranian rial and capitalize on that investment in the future which makes the Iranian rial the hottest currency of 2015 and likely to be for years to come.

Copyright BuyNewDinar

Iraqi Dinar Investment In The Past, Now And In The Future

Iraqi Dinar is the official currency of Iraq. It has been in circulation for as long as 1931 and is known for its fluctuating nature as it has gone through vast changes since it initiated. It is commonly known as IQD

Iraqi Dinar has always been in the eyes of marketers for its volatile nature, even before its birth in Iraq, Iraqis used to use Indian Rupee as their currency. Right from its circulation started that is 1931 till 1951, Iraqis used IQD widely as pegged to British pound, and then in 1959 it was pegged to the US dollar. It was then when Iraqi dinar equalled 2.8 dollars. Then came the era of 1971 and 1973 when US dollar was devaluated and its currency market faced a devastating recession. US dollar being the power currency affected many stock markets, bringing a lot of state currencies up and down. So did happen to raqi dinar. It was brought down to $3.2169 and persisted until the Gulf War began in 1991. It was remained the situation of IQD. The new notes then came in denominations of 50, 250, 1000, 5000, 10, 000 and 25, 000.

The present situation of Iraqi dinar can easily be seen as it was after the fall of Saddam Hussein, when investors thought to spend in dinar and expect good profits, but it never happened. However, experts still recommend that the investment in dinar in future will not go in vain. Market for the IQD will rise, giving investors a good break from losses or no profits. That will be the day when Iraqi dinar will be in demand and the people who have invested in it will continue to earn profits.

Presidential order 13303 allows US citizens to make an investment in dinar seeing Iraq’s potential to make good production and profits with its oil and gas industry. So there are still a lot of chances for the investors to see profits in their future investments as IMF expects Iraq’s finances and economy to improve so much that the concerned authorities have the comfort of allowing the dinar to do good even under the pressure of oil money flows in the country.

Therefore, in long term, it can be said that the central bank can make 1 dinar equal to $1 that too along with redenomination and appreciation. It may take longer, but yes there are chances for IQD to rise and shine in near future. So all the investors out there thinking to buy or sell Iraqi dinar must visit Buy New Dinar Online currencystore. It has an experience of over 10 years and offers such features that seem flexible to every being. With 24/7 customer service, Buy New Dinar online currency store offers same day dispatching service and tracking. The presence of our inventory also makes us a reliable source of online currency dealing. So investors, come here to get the best prices for your currency and you will be amazed by the services we offer. 

Where to Purchase Iraqi Dinar?

Investing is one of the terms that we hear frequently these days. Although this term has different meaning in different contexts, generally speaking, investing is putting certain amount of money down and waiting for a profitable return after some period of time. In other words, this is a financial activity that focuses on long-term returns.
In the recent period there is a growing interest in currency investment. This activity has been around for many years, but now, thanks to the fast advance of technology, it seems that currency investment is more convenient than ever. Great amounts of money are traded on a daily basis in the past few years and the best part is that this type of investment doesn’t come with any limitations. You can invest small amount of money or huge amount of money.
Now, thanks to the Internet you can invest in any foreign currency you want. Although most people are interested in investing in some of the established currencies like dollars, Euros, pounds and Swiss francs, the truth is that some other currencies promise higher profit. One of these currencies is the Iraqi dinar. Before we share the details about the advantages of using Iraqi dinars when investing in foreign currencies, let’s talk about the places where you can buy Iraqi dinars.
How to buy Iraqi dinars?
As we have already mentioned, there are several ways in which you can buy foreign currency including Iraqi dinars. If you are planning to buy Iraqi dinars as part of your currency investment plan, the best option is to use a specialized website.

Since we are talking about money transactions, one of the first things that you need to take into consideration is the trustworthiness of the company you are using. You should never deal with a company that looks suspicious. You need to find a company that has already helped other people in such activities. Unfortunately, there are many individuals and companies that are trying to make fast profit by promising things that they cannot provide. There are also classic scammers present on the Internet and they are just looking for a way to rip off people.

In order to avoid situations like this, you must do your homework and analyze the people behind the website. For instance, BuyNewDinar is managed by people who have been working with Iraqi dinar for more than 12 years. They were selling and shipping this currency all over the world in this period. Of course, another important thing that you should take into consideration is where this money is coming from. You certainly don’t want dinars that are obtained in an illegal way. Professional providers obtain money from the Central bank of Iraq.
Furthermore, since you are an international investor, you want to be sure that this website works in your country too. BuyNewDinar has sold dinars  in the United States, Canada, the UK, France, Germany, Malaysia, Australia and almost everywhere in the world.
Another thing that you should take into consideration when buying Iraqi dinar online is to find a website with good customer support. You can check this even before the transaction by asking relevant questions about the deal. Good websites, like BuyNewDinar provide secure online payment methods, provide Uncirculated bills and guarantee for their service.
Why Invest in Iraqi Dinar?
The Iraqi Dinar is a currency that has long history which started in 1932. It is interesting to mention that prior to this currency, the Indian rupee was the official currency in this region which was occupied by the United Kingdom. Just like any other currency of the world, the Iraqi dinar had its ups and downs and most of the dramatic changes happened during the several military countries that this country had in the past. The quality of notes was also changing when they were replaced with new notes. For instance, the notes issued in the beginning of 1991 had very low quality.

Once the old regime in Iraq was overthrown, people of Iraq got the chance to use the new Iraqi dinar which was completely different from the old one, not only in the appearance, but also in its value. It is good to point out that the Iraqi economy is slowly recovering and experts claim that this economy will be back on its feet soon. There is no reason why this prediction is unrealistic if we take a close look at what is going on in Iraq. While there are some areas where there is still civil unrest, most of the country is fully under control by the legally chosen authorities. The numbers related to Iraqi economy are positive too. The BDP is increasing gradually and the export and import of goods is increasing too.
The infrastructure that was devastated during the war is recovering. Finally, one big thing that we should not forget is that Iraq is one of the biggest oil producers in the world. This fact alone should guarantee fast progress in this country in the near future and strengthening of the official currency – the Iraqi Dinar. This is the reason why so many serious investors have invested in this currency and some of them have already made good profit. Buying Iraqi dinars is especially useful for those looking for long-term profit from this activity.

Don’t forget that websites like BuyNewDinar are providing secure and fast transactions at good rate. On top of that, they don’t ask for huge sums to be traded, so even if you want to invest in small amount of Iraqi dinars, they will accept your request. 

The Impact of the New 50K Iraqi Dinar on Revaluation / Deletion of 3 Zeros

Central Bank of Iraq recently printed the new 50,000 Dinar banknote.
 
Printed in order to have a banknote of larger value in circulation, this 50,000 Dinar banknote has an exchange rate of $42.04 today.

The banknotes contain the image of the Euphrates waterwheel and palm trees and the image of a Kurdistan waterfall on the right side of the note face.

Written in Arabic, Kurdish and English, the new notes are 65mm in width, 156 mm in height and of a majorly light brown colour with darker border definition. Safety measures are covered by a clipped security thread of 4mm width runs through the middle, colour changes on tilting, “The Central Bank of India” written over it and the transparent window in place.  It’s painted with protective paint to increase its lifespan.

The current economy of Iraq and the importance of the 50K Iraqi Dinar note.

Iraq holds the World’s fifth largest oil reserves. Naturally, the country’s economy is dominated by the oil sector. Unfortunately, low oil prices have adversely affected the Iraqi budget and the top international bond rating agency, Fitch went so far as to giving Iraq a B minus rating, however with a stable outlook. With considerable political risk and insecurity, Iraq’s fiscal position threatens to decline into a double digit fiscal deficit. This is due to lower oil prices, higher military spending, and costs associated with civil conflict. Meanwhile, the savings buffers which were built during the years in which the oil prices were higher have been greatly eroded.

So, currently, the deficits are being financed by debt and will continue to do so till 2017. At end 2015, the government debt is forecast by Fitch to be at 51% of GDP.

Given this situation, the Iraqi dinar is unable to realise a higher value. Annual inflation in Iraq is at around 2 percent at present.

This makes the printing of the 50K Iraqi dinar note a very important move on the part of the Central Bank of Iraq’s fiscal policies.

What next?

It is clear that Iraq’s goal is to ultimately be able to use their own currency of the Iraqi Dinar for transactions of a daily nature as opposed to the current widespread use of the United States Dollar. The Central Bank of Iraq has mentioned that a release of a 100,000 Dinar banknote is round the corner. Ofcourse, this could be any time in between 2016-2017.

How does this affect the re-valuation move for the Iraqi Dinar.

Prior to the printing of this 50k Iraqi Dinar, the Central Bank of Iraq revived a long postponed plan of re-denominating or re-valuating the Iraqi dinar by removing three zeroes off from the nominal value of its bank notes.

The printing of the 50k Iraqi Dinar bill is the first step towards it. This is quite plainly put the restructuring of the Dinar by issuing two large core bank notes - the 50,000 Dinar note, as just released and the 100,000 Dinar bank note expected in the next financial year.

This may lead to cancelling the smaller notes.

Larger Dinar notes simply make transactions easier when purchasing items in Dinar and not in USD. A transition by the Iraqi government from the USD to the country’s own currency of the Iraqi Dinar is bound to help the Iraqi Dinar rise in value.

It is interesting to note that that the Central Bank of Iraq and the Parliament Economic Committee is working towards an Iraq banknote that is comparable to the USD $100 bill.

This sort of planned restructuring of the currency supports large transactions and brings in a level of accountability and efficiency in public accounts.

Thus, the issuance of the new banknote does not mean that there is no revaluation.

On the contrary,  the following are the future realities in the fiscal interaction in Iraq as the country works towards stabilising the value of its currency. At the outset, it is quite clear that the purchasing power of the old currency and the new currency will remain the same. After a period of time, old bank notes will be withdrawn.

Deleting the zeroes will lead to an increase of the value of the Iraqi dinar.

In addition to the above, the new Dinar notes such as the 50K Dinar Note has enhanced security features to combat counterfeiting of the notes.

The “delete the zeroes” project is well under its way and is scheduled to kick off in 2016.The International Monetary Fund (IMF) has been assisting and technically advising the Iraqi government on it.

Together, all the above measures will work towards appreciating the value of the Iraqi Dinar. It is most interesting to note that before introducing the 50K Iraqi Dinar bank note, the denomination of IQD 50 bank notes were removed from circulation by the Central Bank of Iraq.

Thus, the Central Bank of Iraq is advancing in a rather planned manner in combating dollarisation of the Iraqi economy. 

Ideally, all things constant, a bright future awaits Iraq’s currency if the Central Bank of Iraq is able to keep a check on counterfeiting, withdrawing unusable notes from the economy and more.

What does this mean for the Iraqi Dinar?

So, as explained above, while the new 50,000 Iraqi Dinar banknote and the awaited 100,000 Iraqi Dinar banknote make it easier for businesses to operate in its currency, promotes the use of the Iraqi Dinar and has been made by most modern-age anti-counterfeiting measures in order to keep the currency as protected as possible, the re-valuation around the corner will have some swooping effects.

First and foremost, the 50,000 Iraqi Dinar will be a very important figure in the revaluation of the currency being the closest to the USD in comparison at the moment.

Secondly, Iraqis will now get more dollars for fewer Iraqi dinars as opposed to earlier when it was a common story of exchanging bags of Iraqi Dinar banknotes for the easier to use and higher valued USD.

Thirdly, eventually the export rates would go up and Import rates would come down, investor confidence will increase and simplification of statistics will happen in a big way. This means that the economy would gradually recover despite the debts at the moment.

All in all, the issuing of the 50,000 Iraqi Dinar banknote is a positive impact on the the Iraqi Dinar Revaluation and carries a strong message with it - that the Central Bank of Iraq clearly knows what it is doing and how to go about it in a planned, controlled and sharp manner.

And while initially, it may have seemed confusing as to why the Central Bank of Iraq decided to issue a 50,000 IQD Banknote when it seemed dedicated to deleting the zeroes from the previous denominations of IQD 25000, IQD 10000, IQD 500, IQD IQD 1000, IQD 500 and IQD 250, it is clear on deeper reflection that in order to reach a stage to delete the zeroes, it was essential to first restructure the IQD in keeping with current economic situation and trends.

Against the current economic backdrop and exchange rates, the 50,000 IQD banknote is a must for Iraq at the moment for more efficient trade internationally among other reasons as discussed in detail above.

The issuance of the new banknote does not mean there is no revaluation or deletion of zeroes. On the contrary, this brand new bill will in the course of revaluation will be the new 50 IQD.

For now, it is thus imperative to buy the 50,000 IQD for business purposes as well as a long term investment as the Central Bank of Iraq gears up to build a good value for the currency and replace the widespread use of the USD on Iraq’s shores.

Copyright: BuyNewDinar.com

Iranian Rial currency investment- A solid one or Scam?

​There are many expectations that the Iranian rial will grow and that will rie over the value of the US dollar. All of the people who are interested in doing this, buying the rial and waiting the value to rise, trust that the investment in Iranian rial is a god and solid ground investment. There were talking that investment in Iranian rial is a scam and lie. But, despite this people are still buying it and are holding the physical currency that is often purchased through the private dealers at a markup and are pointing to specific claims as justification for buying. So, sure you are asking is this thing about investing in Iranian rial true or lie. First of all, there will be revaluation of the Iranian rial and its value will rise over the US dollar is one thing the people are saying and other said that this is not possible and that it is not even counted to happen. Next, we will speak about the low value of the Iranian rial that is continuing to fall down. In recent weeks the value of the Iranian rial has fallen significantly, after the characteristics of the US and its European allies to impose sanctions on Iran's central bank, as well as an embargo on oil imports from that country.
Compared to December 2010, the value of Iran's currency has fallen by 80 percent, when the "black market" for one dollar could get about 10,700 rials.
This week, the dollar stood at 18,500 rials.
In recent days the citizens of Iran alarmed sharp rise in commodity prices by about 10 percent, which is a consequence of instability in the domestic markets of gold and foreign exchange.

President of the Chamber of Commerce of Tehran Yahya al-Ashak dismissed fears about the lack of foreign currency reserves in Iran and said that the Islamic Republic has 120 billion dollars and 907 tons of gold reserves.

He said that Iran bought gold last few years at an average price of $ 600 per ounce, and that the current price of gold nearly tripled, announced the semi-official Mehr news agency.
Al-Ashak is attributed to changes in the market gold and foreign exchange mismanagement of some government bodies and called for stricter control of commodity prices and exchange rates of foreign currencies.
Iranian authorities announced last week that the bank will raise interest rates to a level of 21 per cent in order to cope with the instability of the national currency and the consequences of sanctions.

SO it is all up to you to decide are you going to invest in Iranian rial or not. There are good and bad sided to this, but in actual point everything has a risk and so does this. The future possibilities of growing and rising of the Iranian rial and Iranian industry and economy are showing a good point of the investing in their currency. So no more words needed. Go through the last information and do some research and then decide if you will or will not 

invest in Iranian rial.

copyrighter material

buynewdinar.com

what is the the difference between Toman and Iranian Rial

​Sure you are confused about the rial and toman. You are surely thinking that those are two different words with different meaning. These are the Iranian words that are used for their currency. So, there is no difference between rial and toman. Official currency in Iran is rial. The word toman is used by the local people, especially in the daily based payments and for sure, sometimes it is confusing for the ones that are not Iranians. The common bill these days is 10 000 rial bill, but the local people use tomans, which is deducting one zero. A 10 000 rial bill is called 1000 tomans bill. So, 10 000 rial is equal to 1000 toman and that is approximately $1 . We have to say that official dollar exchange rate is somewhere between 1030 and 1040, which fluctuates a bit up or down. The fluctuations are bigger in the free market. The common types of rial bills are 500, 1000, 2000, 5000, that are available both in coins and bills, and just available in the bills there are 10 000, 20 000, 50 000, 100 000. When the tourist are coming and the passing by travelers are exchanging they usually change the most in 50 000 bills. Before there were available the 100 and 250 bills and coins. Today, you can sometimes, still find here and there these 100 and 250 bills or coins. They were used to function as dime and quarters. For example, we will make you a clear image. For example, one hamburger costs 2000 tomans, which is equal to 20 000 rials and that is equal to $2. A mineral water bottle cost 500 toman = 5000 rials = 50 cents. And the exchange rate market is making quite easy and simple to pay for food or any other service when you are a tourist or a traveler in Iran. But one thing you have to remember. Never mix up the rials and toman. They are same but not same at some point. In back and official working places the official currency is rial and that is only acceptable currency there. 

In the everyday life, and in free market the toman can be used properly.

copyrighted material

buynewdinar.com 

Is it legal to sell Iranian Rial in USA?

Is it legal to sell Iranian Rial in USA?

​When you want to sell or buy Iranian rial, you have to get some information and knowledge. The best way is to learn more about the Iran’s economy and currency before selling or buying the rial. First of all, you have to work with good and well trusted dealer that will offer you the best currency value and will stand with full guarantee of authenticity and future exchange guarantee. If you want to buy or sell Iranian rial in USA, there are some things you need to know. In the past few years US and other nations have softened the previous hard-line political stances regarding the Iran independent nuclear industry and program. US negotiators are making an agreement with Iran and are taking steps of making the trade restriction easy. Before they have worked against Iran, today they have to work together. When the restrictions will be lifted the petroleum industry of Iran will expand quickly. And this is possible because the country of Iran will be able to use the advantages of the latest technologies and equipments. Then, the country of Iran will become economic and political giant on a global level. Because of this reason the Iranian currency, the rial, has become interesting for many experts for observing. They are all waiting for the process of normalization and stabilization of the Iranian trade and currency. These people have recognized the economic potential of Iran because Iran is holding one fifth of the world petroleum reserves and this is the reason why many of the economic and political experts believe that the Iran’s economy has great potential. When the obstacles and boundaries, both sanctions over Iran are over, Iran will open the borders to the global success and trade and the selling and buying of the Iranian rial will no longer be a problem or some illegal act of trading. With these possibilities, the Iran petroleum reserve will have an open door to new methods and technologies and the production and trading market will grow up significantly. Today, for a dollar you can buy 29, 000 rial, which is showing that this is far too less than it was through the years before. This is because of the Central Bank of Iran and its control over the pricing of the Iranian rial. The bank is able to intervene in the market place and is able to spend free for maintain the rial at the nominal weak rate. But, despite all of this the Iranian rial is not available for selling and buying at this point of time. Once the US get rid of the sanctions, and that is expected to happen very soon, the Iran’s economy will revive and will have a shining future. When you are selling or buying Iranian rial do it from top currency dealer that will offer you authenticity guarantee. There is little bit of a danger because of the counterfeit banknotes. Rial notes feature have fairly sophisticated an anti counterfeit measures like a security threads and watermarks. They have been issued by the Central Bank of Iran and have been printed in Europe by one of the leading currency printing companies. When you decide to sell Iranian rial you have to do it on highest price so you have more customers. If you are asking your self should you sell the rials if you have them, then here are some reasons why you shouldn’t do that:

• Because the economy of Iran is growing
• Because there are expectations off easing the trade restrictions
• Because the relationship between Iran and US is stabilizing and improving
• Because of the government monetary policy
• Because of the great development of the Iranian oil and petroleum industry

Now, think again before deciding to sell rial. After the sanctions are gone, the Iran’s economy will expand and grow rapidly and the currency will get higher value, so the Iran will be able to import and export everything she wants. Because it is illegal to sell Iranian rial nowadays in US, don’t reach to the dealers that are more likely not trusted and you can become their toy, if you are not very well informed about the sanctions and the present +

value and rules of selling and buying of the Iranian Rial.

Copyrighted Material
buynewdinar.com