www.IraqiDinarFacts.com

This article will expose the tricks and scams used by the New Iraqi Dinar Dealers. If, by the end, you still wish to purchase Dinars, this article will compare all the prices being offered today, and the best way to buy Dinar.

This eBook will expose the tricks and scams used by the New Iraqi Dinar Dealers. If, by the end, you still wish to purchase Dinars, this eBook will compare all the prices being offered today, and the best way to buy Dinar.

The New Iraqi dinar is being proclaimed as the investment opportunity of a lifetime. There are dealers all over the internet selling New Iraqi Dinar by the million. The theory behind buying the dinar is quite simple. At the present time, 1.00 USD (US Dollars) will buy you 1,475 IQD (Iraqi Dinars). During the reign of Saddam Hussein, 1.00 USD would buy you 0.33 IQD.

So…..

If you bought 1 million New Iraqi Dinars at the current exchange rate (costing you $677), and then waited for the dinar to climb back to the Saddam exchange rate, your million dinars would now be worth 3 million US dollars. You would have turned 677 US Dollars into 3 Million US dollars.

Sounds like a great deal doesn't it!

Then why does the Utah Division of Securities, list the selling of the New Iraqi Dinar as number two in their list of the Ten Most Common Scams?

The reason is that the Dealers of New Iraqi Dinars do not tell you all the facts. Listed below are al the important facts you need to know about the New Iraqi Dinar.

Saddam's Exchange Rate

One of the most commonly quoted facts on Dealer's websites is that the exchange rate under Saddam Hussein was one Iraqi Dinar for three US dollars. That is true, as far as it goes, but here is the catch. Saddam Hussein himself personally set that exchange rate. He could have said, “One Iraqi Dinar buys 20 US dollars”, if he had wanted to. Just because that was the official exchange rate, doesn't mean that is what people were actually trading it for. The old Iraqi Dinar could not be freely traded on the world market, so this exchange rate was essentially meaningless. This rate was only open to those who were close to Saddam.

The most important fact to take out of this section: The Iraqi Dinar NEVER actually traded 1 Dinar for three US dollars in reality.

Trading your Dinar

The New Iraqi Dinar is available to buy from a myriad of dealers. But what can you do with it once you have bought it? Nobody actually wants New Iraqi Dinar because it cannot be freely traded on the world market. To put it simply, a bank won't accept dinar, and you can't trade it back for US dollars (or whatever currency you are using) anywhere except physically in Iraq. And if you actually went to Iraq, they would give you 1 US dollar for every 1475 New Iraqi dinars you gave them. That means that if you buy the dinar you are probably going to be stuck with it. There are a few dealers who offer to buy back dinar that you have bought from them, but they will not want your dinars from elsewhere.

The most important fact to take out of this section: Once you have bought your Iraqi Dinar you are going to have it for a while

Make sure it's NEW Iraqi Dinar

There is a difference between the Old Iraqi Dinar and the New Iraqi Dinar. The Old Iraqi Dinar is no longer legal currency. It is worth only what a collector will pay for it, which is even less than the New Iraqi Dinar. Any dinar with a picture of Saddam on it is an Old Iraqi Dinar. Do not let yourself be scammed into buying Old Iraqi Dinars. Make sure you see a picture of the dinars you are buying, and that the dinars they show you, match the pictures that I have below.

The most important fact to take out of this section: Do not buy Old Iraqi Dinars

50 Iraqi Dinar

250 Iraqi Dinar

1,000 Iraqi Dinar

5,000 Iraqi Dinar

10,000 Iraqi Dinar

25,000 Iraqi Dinar

If the dinar you are looking at don't look like this, then do not buy them.

Look at the Denominations

The largest US banknote in current circulation is $100. The same goes for the Australian dollar. There are not many first world countries that have a $25,000 note. The lowest note denomination that exists in Iraq is the 50 Dinar note. Therefore, if the exchange rate ever returned to the Saddam rate, there would be an Iraqi Dinar note that was worth $75,000 US Dollars. The lowest note denomination would be worth $150 US. To speak plainly, that is extremely unlikely. About on a par with Osama bin Laden turning himself over to the US Government.

The most important fact to take out of this section: Any currency that contains a 25,000 dinar note, is never going to trade 1 for 1 with the US Dollar, let alone 3 for 1.

Don't be taken in by the Oil

Yes, Iraq has a lot of oil. Oil is always in high demand. Yet still all the experts advise against buying Iraqi Dinar. Why?

This is very important. When you buy the currency of a country, you are investing in the entire economy of that country. Therefore, if you buy Iraqi Dinars, you are investing in the economy of Iraq. You are NOT investing in Iraq's oil. Any economy that is based primarily around the sale of oil is unstable by definition. An example of this is the current situation in Venezuela. Venezuela is one of the world's top 5 oil producers. Oil provides fully half of the government's revenue. Due to political and economic factors, the Venezuelan Bolivar, the currency of this oil-rich country, is now worth only a third of what it was worth in US dollars, in the year 2000. It is only worth a quarter of what it was in Euros, also in the year 2000.

The most important fact to take out of this section: Buying New Iraqi Dinars is NOT the same as investing in Iraq's oil.

The Kuwait Dinar Comparison

Dealers love to point to the Kuwaiti Dinar when promoting their product. During the Gulf War, and immediately after it, the value of the Kuwaiti Dinar plummeted to a low of $0.10 US. Today, the Kuwaiti Dinar trades for approximately $3.45 US. That means if you invested $100 US into Kuwaiti currency at it's lowest, and traded back into US dollars today, you would have turned your $100 US into $3,500 US. If it happened in Kuwait, then surely it will happen in Iraq, right? Wrong. The situation in Kuwait was entirely different. Kuwait had a strong government. Iraq did not. Kuwait made its greatest amount of money through foreign investments. Iraq made its greatest money through oil, followed by the selling of dates. After the Gulf War, Kuwait was a country that was always going to recover strongly. Iraq's future is far more questionable.

Why sell dinars?

Ask yourself this question. If you thought that Iraqi Dinars were about to explode in value, would you sell them? Of course not. You would grab all your money, and buy as many dinars as you could, then sit back and wait for the money to roll in. Almost no dealer is willing to buy. Ask yourself why that is.

The Dealers

Below are listed every dealer of New Iraqi Dinars that I could find on the internet, as of 3rd September, 2006. Some of these dealers may no longer exist, as this business is by its very nature fairly transitory. I am in no way associated with any of these companies, and I make no claim as to their trustworthiness. I DO NOT endorse the buying of Iraqi Dinars and I do not know if you will get your dinars after you pay. This is only a comparative list of prices and services. I can vouch for the trustworthiness of only five dealers, that I have bought Dinars from, and have had them arrive as described. I will name those five dealers later on. All prices will be given in US dollars.

New Iraqi Currency

http://www.newiraqcurrency.com/

This website is one of the bigger dealers of Iraqi dinars and is one of the first names to pop up after a Google search. This site deals dinars in any denomination of your choice from 50-25000 dinar notes, in any amount you might choose. The prices range depending on which notes you want. This dealer uses US dollars. The abbreviation NID stands for New Iraqi Dinar.

50 Notes - 50 × 100pcs (5,000 NID) = $30 US

50 × 1,000pcs (50,000 NID) = $190 US

250 Notes - 250 × 100pcs (25,000 NID) = $55 US

250 × 1,000pcs (250,000 NID) = $355 US

500 Notes - 500 × 100pcs (50,000 NID) = $90 US

500 × 1,000pcs (500,000 NID) = $605 US

1,000 Notes - 1,000 × 100pcs (100,000 NID) = $150 US

1,000 × 500pcs (500,000 NID) = $590 US

1,000 × 1,000pcs (1,000,000 NID) = $1,100 US

5,000 Notes - 5,000 × 25pcs (125,000 NID) = $160 US

5,000 × 50pcs (250,000 NID) = $280 US

5,000 × 100pcs (500,000 NID) = $485 US

5,000 × 200pcs (1,000,000 NID) = $965 US

5,000 × 400pcs (2,000,000 NID) = $1,925 US

10,000 Notes - 10,000 × 25pcs (250,000 NID) = $275 US

10,000 × 50pcs (500,000 NID) = $485 US

10,000 × 100pcs (1,000,000 NID) = $955 US

10,000 × 200pcs (2,000,000 NID) = $1,905 US

10,000 × 300pcs (3,000,000 NID) = $2,830 US

25,000 Notes - 25,000 × 5pcs (125,000 NID) = $160 US

25,000 × 10pcs (250,000 NID) = $275 US

25,000 × 20pcs (500,000 NID) = $480 US

25,000 × 40pcs (1,000,000 NID) = $950 US

25,000 × 60pcs (1,500,000 NID) = $1,425 US

25,000 × 80pcs (2,000,000 NID) = $1,895 US

25,000 × 100pcs (2,500,000 NID) = $2,355 US

25,000 × 120pcs (3,000,000 NID) = $2,830 US

The website also offers New Iraqi Dinar Currency Sets. These sets contain one of every note denomination from 50 - 25,000 dinars.

Currency Set - 1 × Currency Set (41,800 NID) = $75 US

10 × Currency Sets (418,000 NID) = $565 US

Iraq Paper Money

http://www.iraqpapermoney.com

This website sells Iraqi dinars individually and also in packs. The individual notes are really only useful to the collector, as to buy a meaningful amount for investment buying multiple orders of single notes would be an expensive investment. The variety of different packs is rather limited, but for those who do not care what denominations they get, that is irrelevant. BEWARE, this site also sells OLD Iraqi Dinars. Make sure you are buying New Iraqi Dinars.

The following are the prices for one note of the different denominations that are available.

50 Dinar Note = $1.99 US

250 Dinar Note = $4.99 US

1,000 Dinar Note = $5.99 US

5,000 Dinar Note = $7.99 US

10,000 Dinar Note = $12.99 US

25,000 Dinar Note = $27.99 US

The packs that are available from this website are as follows.

250 Notes - 250 × 1,000pcs (250,000 NID) = $299.95 US

1,000 Notes - 1,000 × 1,000pcs (1,000,000 NID) = $1024.95 US

5,000 Notes - 5,000 × 200pcs (1,000,000 NID) = $949.95 US

10,000 Notes - 10,000 × 100pcs (1,000,000 NID) = $939.95 US

25,000 Notes - 25,000 × 40pcs (1,000,000 NID) = $939.95 US

Why Buy Dinar

http://www.why-buy-dinar.com

Be very careful with this site. Be aware that the majority of claims made by this site are fraudulent. Also, if you live outside the US, you can not buy dinars with your credit card. The site does not offer Paypal, Stormpay, Bidpay or COD (Collect on Delivery). For buyers wishing to buy dinars with their credit cards, who live outside the US, shop elsewhere.

1,000 Notes - 1,000 × 1pcs (1,000 NID) = $4.75 US

1,000 × 10pcs (10,000 NID) = $36 US

1,000 × 40pcs (40,000 NID) = $70.80 US

1,000 × 100pcs (100,000 NID) = $170 US

1,000 × 200pcs (200,000 NID) = $328 US

1,000 × 1,000pcs (1,000,000 NID) = $1045 US

5,000 Notes - 5,000 × 1pcs (5,000 NID) = $10.30 US

5,000 × 10pcs (50,000 NID) = $93 US

5,000 × 40pcs (200,000 NID) = $256 US

5,000 × 100pcs (500,000 NID) = $580 US

5,000 × 200pcs (1,000,000 NID) = $975 US

5,000 × 1,000pcs (5,000,000 NID) = $4,775 US

10,000 Notes - 10,000 × 1pcs (10,000 NID) = $20.30 US

10,000 × 10pcs (100,000 NID) = $180 US

10,000 × 40pcs (400,000 NID) = $480 US

10,000 × 100pcs (1,000,000 NID) = $925 US

10,000 × 200pcs (2,000,000 NID) = $1,840 US

10,000 × 1,000pcs (10,000,000 NID) = $9,050 US

25,000 Notes - 25,000 × 1pcs (25,000 NID) = $31.45 US

25,000 × 10pcs (250,000 NID) = $296 US

25,000 × 40pcs (1,000,000 NID) = $895 US

25,000 × 100pcs (2,500,000 NID) = $2,225 US

25,000 × 200pcs (5,000,000 NID) = $4,350 US

25,000 × 1,000pcs (25,000,000 NID) = $21,500 US

eDinar Financial

http://www.edinarfinancial.net/

This site does not offer a choice of different denominations on their website. Also, if you wish to buy with your credit card, you will have to ring the company, rather than simply ordering online.

150,000 Iraqi Dinar = $168 US

250,000 Iraqi Dinar = $225 US

500,000 Iraqi Dinar = $425 US

1,000,000 Iraqi Dinar = $775 US

1,500,000 Iraqi Dinar = $1,195 US

2,000,000 Iraqi Dinar = $1,590 US

2,500,000 Iraqi Dinar = $1,990 US

3,000,000 Iraqi Dinar = $2,385 US

4,000,000 Iraqi Dinar = $3,180 US

5,000,000 Iraqi Dinar = $3,985 US

7,000,000 Iraqi Dinar = $5,590 US

7,500,000 Iraqi Dinar = $5,995 US

10,000,000 Iraqi Dinar = $7,995 US

New Iraqi Dinar

http://www.iraqi-dinar.com/

This website does not offer different denominations. They only deal in the 25,000 note denomination.

100,000 Iraqi Dinar = $120 US

250,000 Iraqi Dinar = $220 US

500,000 Iraqi Dinar = $420 US

1,000,000 Iraqi Dinar = $760 US

1,500,000 Iraqi Dinar = $1,130 US

2,000,000 Iraqi Dinar = $1,500 US

2,500,000 Iraqi Dinar = $1,870 US

3,000,000 Iraqi Dinar = $2,240 US

3,500,000 Iraqi Dinar = $2,610 US

4,000,000 Iraqi Dinar = $2,980 US

5,000,000 Iraqi Dinar = $3,720 US

6,000,000 Iraqi Dinar = $4,460 US

7,000,000 Iraqi Dinar = $5,200 US

8,000,000 Iraqi Dinar = $5,940 US

9,000,000 Iraqi Dinar = $6,680 US

10,000,000 Iraqi Dinar = $7,420 US

Portal Iraq

http://www.portaliraq.com/iraq-dinar.php

This site is not exclusively a seller of New Iraqi Dinars. It is a website that deals primarily with business in general in Iraq. The link given above takes you directly to the dinar buying section of the website. Larger quantaties of all denominations are available, and prices will be quoted upon an email or phone call to the dealer.

50 Notes - 50 × 100pcs (5,000 NID) = $55 US

250 Notes - 250 × 100pcs (25,000 NID) = $105 US

500 Notes - 500 × 100pcs (50,000 NID) = $160 US

1,000 Notes - 1,000 × 100pcs (100,000 NID) = $200 US

5,000 Notes - 5,000 × 25pcs (125,000 NID) = $200 US

5,000 × 50pcs (250,000 NID) = $350 US

5,000 × 100pcs (500,000 NID) = $585 US

5,000 × 200pcs (1,000,000 NID) = $1,095 US

10,000 Notes - 10,000 × 25pcs (250,000 NID) = $350 US

10,000 × 50pcs (500,000 NID) = $585 US

10,000 × 100pcs (1,000,000 NID) = $1,095 US

25,000 Notes - 25,000 × 5pcs (125,000 NID) = $200 US

25,000 × 10pcs (250,000 NID) = $350 US

25,000 × 20pcs (500,000 NID) = $585 US

25,000 × 40pcs (1,000,000 NID) = $1,095 US

25,000 × 60pcs (1,500,000 NID) = $1,605 US

25,000 × 80pcs (2,000,000 NID) = $2,115 US

25,000 × 100pcs (2,250,000 NID) = $2,425 US

25,000 × 120pcs (2,500,000 NID) = $2,630 US

Deal or Buy Dinar

http://www.dealorbuydinar.com/index.html

This dealer has no information regarding denominations on his site which probably means he deals in 25,000 denomination notes because they are the cheapest and easiest to deal with. Also, this dealer charges extremely high shipping rates for buyers from outside the US or Canada. Even inside the US or Canada, shipping rates are high. Some dealers can charge less for their dinars than anywhere else by charging extremely high shipping rates. This dealer is not charging substantially less for his dinars than anywhere else (more than many). Do not get caught out. The dealer justifies his high rates buy claiming trustworthiness. I cannot vouch for that one way or the other.

25,000 Iraqi Dinar = $50 US

100,000 Iraqi Dinar = $110 US

250,000 Iraqi Dinar = $240 US

500,000 Iraqi Dinar = $470 US

1-5 Million Iraqi Dinar = $825 per million

6-10 Million Iraqi Dinar = $805 per million

SCGS

http://scgs.us/index.php

This site is an odd looking one, and is quite hard to navigate. It does not offer denominations for bulk purchase, but rather a number of different "packs" or individual notes. A buyer can only choose from the packs given. The denominations used in the packs are not given, which means they are probably 25,000 dinar notes. The only exception to this is the 41,800 Dinar pack which contains one of every note. The packs offered are shown below.

500 Dinar Note = $2.99 US

1,000 Dinar Note = $2.99 US

5,000 Dinar Note = $5.39 US

25,000 Dinar Note = $24.98 US

41,800 Dinar Pack = $64.97 US

125,000 Dinar Pack = $125.37 US

500,000 Dinar Pack = $467.51 US

1,000,000 Dinar Pack = $931.80 US

10,000,000 Dinar Pack = $9,112.10 US

20,000,000 Dinar Pack = $18,670 US

Bet On Iraq

http://betoniraq.com/

This website offers free shipping to the US. However you can not buy with your credit card and shipping is not free outside the US. No denomination options are listed, and as the minimum to buy is 25,000 dinars, it is safe to assume that the website only offers the 25,000 dinar denomination. Like all dealer websites, there is a lot of propaganda on the likelihood of the dinar skyrocketing in value on this website. Take all the claims on the website with a grain of salt. The prices given are shown below, and you can get prices on larger amounts by emailing the dealer.

25,000 Iraqi Dinar = $45 US

50,000 Iraqi Dinar = $80 US

100,000 Iraqi Dinar = $155 US

250,000 Iraqi Dinar = $325 US

500,000 Iraqi Dinar = $595 US

750,000 Iraqi Dinar = $825 US

1,000,000 Iraqi Dinar = $1,060 US

2,000,000 Iraqi Dinar = $2,100 US

3,000,000 Iraqi Dinar = $3,135 US

4,000,000 Iraqi Dinar = $4,160 US

5,000,000 Iraqi Dinar = $5,175 US

First Dinar Financial Group

http://firstdinarfinancialgroup.com/

This website is another that only offers specific packs and individual notes and not the different denominations for bulk purchase. These packs are made up of the 25,000 dinar denomination unless listed as MIX. The MIX packs are made up of an unspecified mix of 1,000/5,000/10,000/25,000 dinar notes. Bizarrely, the same products are listed twice or more at different prices. For example, a dinar set containing one of every denomination is priced about $70 on one page and $110 on the next. As shown below, a 5,000 dinar note is selling for two different prices. This type of thing would make me very wary of dealing with this site. The packs offered are listed below.

500 Dinar Note = $3.99 US

1,000 Dinar Note = $4.99 US

5,000 Dinar Note = $8.95 US

= $7.40 US

10,000 Dinar Note = $12.88 US

25,000 Dinar Note = $24.98 US

= $25.00 US

25,000 Dinars (5 × 5,000pcs) = $74.99 US

41,800 Dinar (1 of each note) = $72.88 US

= $112 US

250,000 Dinars MIX = $324.88

500,000 Dinars = $497.88

500,000 Dinars MIX = $771

1,000,000 Dinars = $952

1,000,000 Dinars MIX = $1,096.66

5,000,000 Dinars = $4,650.88

10,000,000 Dinars = $9,100

Direct Dinar

http://www.directdinar.com/buydinar.htm

This site is somewhat slow to load, and if you approach it through the main page, almost impossible to use. Using the link provided though, should make it considerably easier to use. The webpage itself is good, showing all prices for all denominations on the one page, which is convenient. However the website does not offer the 50 or 250 dinar denominations.

500 Notes - 500 × 1pcs (500 NID) = $5.99 US

500 × 50pcs (25,000 NID) = $65.23 US

500 × 100pcs (50,000 NID) = $110.03 US

500 × 200pcs (100,000 NID) = $206.13 US

1,000 Notes - 1,000 × 1pcs (1,000 NID) = $7.14 US

1,000 × 25pcs (25,000 NID) = $59.23 US

1,000 × 50pcs (50,000 NID) = $105.03 US

1,000 × 100pcs (100,000 NID) = $181.13 US

5,000 Notes - 5,000 × 1pcs (5,000 NID) = $12.12 US

5,000 × 20pcs (100,000 NID) = $166.03 US

5,000 × 100pcs (500,000 NID) = $656.15 US

5,000 × 200pcs (1,000,000 NID) = $1140.15 US

10,000 Notes - 10,000 × 1pcs (10,000 NID) = $18.12 US

10,000 × 10pcs (100,000 NID) = $136.03 US

10,000 × 50pcs (500,000 NID) = $620.15 US

10,000 × 100pcs (1,000,000 NID) = $1070.10 US

25,000 Notes - 25,000 × 1pcs (25,000 NID) = $28.10 US

25,000 × 4pcs (100,000 NID) = $116.03 US

25,000 × 10pcs (250,000 NID) = $281.15 US

25,000 × 20pcs (500,000 NID) = $502.27 US

25,000 × 40pcs (1,000,000 NID) = $964.15 US

25,000 × 80pcs (2,000,000 NID) = $1909.03 US

25,000 × 120pcs (3,000,000 NID) = $2824.15 US

25,000 × 160pcs (4,000,000 NID) = $3758.15 US

25,000 × 200pcs (5,000,000 NID) = $4696.15 US

41,800 Dinar Set (One of each note) = $73.95 US

US Dinar

http://www.usdinar.com/

This site has a sneaky little clause in it's FAQ. It basically says that if you order dinar from this site, and before they send you the dinar, it skyrockets in value, then they will charge you the new going rate for the dinar, or refund your money and send you nothing. So if the dinar does become hugely valuable BEFORE you receive your order, but AFTER you have paid, then you are going to get screwed. This site does not accept credit card and does not deal in the 50, 250, or 500 dinar denominations. It is only really for the buyer wishing to buy a LOT of dinars. Also, for some reason the price of 4 million and 4.5 million in 1000's are the same. It may be a mistake on the website or a discount for spending so much.

1,000 Notes - 1,000 × 500pcs (500,000 NID) = $500 US

1,000 × 1,000pcs (1,000,000 NID) = $950 US

1,000 × 1,500pcs (1,500,000 NID) = $1,425 US

1,000 × 2,000pcs (2,000,000 NID) = $1,900 US

1,000 × 2,500pcs (2,500,000 NID) = $2,375 US

1,000 × 3,000pcs (3,000,000 NID) = $2,850 US

1,000 × 3,500pcs (3,500,000 NID) = $3,325 US

1,000 × 4,000pcs (4,000,000 NID) = $3,800 US

1,000 × 4,500pcs (4,500,000 NID) = $3,800 US

1,000 × 5,000pcs (5,000,000 NID) = $4,750 US

5,000 Notes - 5,000 × 100pcs (500,000 NID) = $450 US

5,000 × 200pcs (1,000,000 NID) = $820 US

5,000 × 300pcs (1,500,000 NID) = $1,230 US

5,000 × 400pcs (2,000,000 NID) = $1,640 US

5,000 × 500pcs (2,500,000 NID) = $2,050 US

5,000 × 600pcs (3,000,000 NID) = $2,460 US

5,000 × 700pcs (3,500,000 NID) = $2,870 US

5,000 × 800pcs (4,000,000 NID) = $3,280 US

5,000 × 900pcs (4,500,000 NID) = $3,690 US

5,000 × 1,000pcs (5,000,000 NID) = $4,100 US

10,000 Notes - 10,000 × 50pcs (500,000 NID) = $420 US

10,000 × 100pcs (1,000,000 NID) = $800 US

10,000 × 150pcs (1,500,000 NID) = $1,200 US

10,000 × 200pcs (2,000,000 NID) = $1,600 US

10,000 × 250pcs (2,500,000 NID) = $2,000 US

10,000 × 300pcs (3,000,000 NID) = $2,400 US

10,000 × 350pcs (3,500,000 NID) = $2,800 US

10,000 × 400pcs (4,000,000 NID) = $3,200 US

10,000 × 450pcs (4,500,000 NID) = $3,600 US

10,000 × 500pcs (5,000,000 NID) = $4,000 US

25,000 Notes - 25,000 × 4pcs (100,000 NID) = $100 US

25,000 × 10pcs (250,000 NID) = $200 US

25,000 × 20pcs (500,000 NID) = $400 US

25,000 × 40pcs (1,000,000 NID) = $740 US

25,000 × 50pcs (1,250,000 NID) = $925 US

25,000 × 60pcs (1,500,000 NID) = $1,110 US

25,000 × 80pcs (2,000,000 NID) = $1,480 US

25,000 × 100pcs (2,500,000 NID) = $1,850 US

25,000 × 120pcs (3,000,000 NID) = $2,220 US

25,000 × 140pcs (3,500,000 NID) = $2,590 US

25,000 × 160pcs (4,000,000 NID) = $2,960 US

25,000 × 180pcs (4,500,000 NID) = $3,330 US

25,000 × 200pcs (5,000,000 NID) = $3,700 US

25,000 × 240pcs (6,000,000 NID) = $4,440 US

25,000 × 280pcs (7,000,000 NID) = $5,180 US

25,000 × 320pcs (8,000,000 NID) = $5,920 US

25,000 × 360pcs (9,000,000 NID) = $6,660 US

25,000 × 400pcs (10,000,000 NID) = $7,400 US

25,000 × 600pcs (15,000,000 NID) = $11,100 US

25,000 × 800pcs (20,000,000 NID) = $14,800 US

25,000 × 2000pcs (50,000,000 NID) = $37,000 US

25,000 × 4000pcs (100,000,000 NID) = $74,000 US

Safe Dinar

http://www.safedinar.com/buy_dinar.asp

The Safe Dinar page is easy to use, and well designed. Once again, a site only for serious buyers. The minimum to buy is 250,000 dinars. The site does not deal in 50, 250 or 500 dinar denominations. Upon publication of this eBook, both the 1,000 and 5,000 dinar denominations were out of stock. The 25,000 dinar denominations become less expensive per 250,000 the more you buy. It begins costing $840 per million and costs $775 per million if you buy enough. For larger amounts of the given dinars, you can email the dealer.

1,000 Notes - 1,000 × 250pcs (250,000 NID) = $240 US

1,000 × 500pcs (500,000 NID) = $480 US

1,000 × 750pcs (750,000 NID) = $720 US

1,000 × 1,000pcs (1,000,000 NID) = $960 US

1,000 × 1,250pcs (1,250,000 NID) = $1,200 US

1,000 × 1,500pcs (1,500,000 NID) = $1,440 US

1,000 × 1,750pcs (1,750,000 NID) = $1,680 US

1,000 × 2,000pcs (2,000,000 NID) = $1,920 US

1,000 × 2,250pcs (2,250,000 NID) = $2,160 US

1,000 × 2,500pcs (2,500,000 NID) = $2,400 US

1,000 × 2,750pcs (2,750,000 NID) = $2,640 US

1,000 × 3,000pcs (3,000,000 NID) = $2,880 US

1,000 × 3,250pcs (3,250,000 NID) = $3,120 US

1,000 × 3,500pcs (3,500,000 NID) = $3,360 US

1,000 × 3,750pcs (3,750,000 NID) = $3,600 US

1,000 × 4,000pcs (4,000,000 NID) = $3,840 US

1,000 × 4,250pcs (4,250,000 NID) = $4,080 US

1,000 × 4,500pcs (4,500,000 NID) = $4,320 US

1,000 × 4,750pcs (4,750,000 NID) = $4,560 US

1,000 × 5,000pcs (5,000,000 NID) = $4,800 US

1,000 × 5,250pcs (5,250,000 NID) = $5,040 US

1,000 × 5,500pcs (5,500,000 NID) = $5,280 US

1,000 × 5,750pcs (5,750,000 NID) = $5,520 US

1,000 × 6,000pcs (6,000,000 NID) = $5,760 US

1,000 × 6,250pcs (6,250,000 NID) = $6,000 US

1,000 × 6,500pcs (6,500,000 NID) = $6,240 US

1,000 × 6,750pcs (6,750,000 NID) = $6,480 US

1,000 × 7,000pcs (7,000,000 NID) = $6,720 US

1,000 × 7,250pcs (7,250,000 NID) = $6,960 US

1,000 × 7,500pcs (7,500,000 NID) = $7,200 US

1,000 × 7,750pcs (7,750,000 NID) = $7,440 US

1,000 × 8,000pcs (8,000,000 NID) = $7,680 US

1,000 × 8,250pcs (8,250,000 NID) = $7,920 US

1,000 × 8,500pcs (8,500,000 NID) = $8,160 US

1,000 × 8,750pcs (8,750,000 NID) = $8,400 US

1,000 × 9,000pcs (9,000,000 NID) = $8,640 US

1,000 × 9,250pcs (9,250,000 NID) = $8,880 US

1,000 × 9,500pcs (9,500,000 NID) = $9,120 US

1,000 × 9,750pcs (9,750,000 NID) = $9,360 US

1,000 × 10,000pcs (10,000,000 NID) = $9,600 US

5,000 Notes - 5,000 × 50pcs (250,000 NID) = $219 US

5,000 × 100pcs (500,000 NID) = $438 US

5,000 × 150pcs (750,000 NID) = $656 US

5,000 × 200pcs (1,000,000 NID) = $875 US

5,000 × 250pcs (1,250,000 NID) = $1,094 US

5,000 × 300pcs (1,500,000 NID) = $1,313 US

5,000 × 350pcs (1,750,000 NID) = $1,531 US

5,000 × 400pcs (2,000,000 NID) = $1,750 US

5,000 × 450pcs (2,250,000 NID) = $1,969 US

5,000 × 500pcs (2,500,000 NID) = $2,188 US

5,000 × 550pcs (2,750,000 NID) = $2,406 US

5,000 × 600pcs (3,000,000 NID) = $2,625 US

5,000 × 650pcs (3,250,000 NID) = $2,844 US

5,000 × 700pcs (3,500,000 NID) = $3,063 US

5,000 × 750pcs (3,750,000 NID) = $3,281 US

5,000 × 800pcs (4,000,000 NID) = $3,500 US

5,000 × 850pcs (4,250,000 NID) = $3,719 US

5,000 × 900pcs (4,500,000 NID) = $3,938 US

5,000 × 950pcs (4,750,000 NID) = $4,156 US

5,000 × 1,000pcs (5,000,000 NID) = $4,375 US

5,000 × 1,050pcs (5,250,000 NID) = $4,594 US

5,000 × 1,100pcs (5,500,000 NID) = $4,813 US

5,000 × 1,150pcs (5,750,000 NID) = $5,031 US

5,000 × 1,200pcs (6,000,000 NID) = $5,250 US

5,000 × 1,250pcs (6,250,000 NID) = $5,469 US

5,000 × 1,300pcs (6,500,000 NID) = $5,688 US

5,000 × 1,350pcs (6,750,000 NID) = $5,906 US

5,000 × 1,400pcs (7,000,000 NID) = $6,125 US

5,000 × 1,450pcs (7,250,000 NID) = $6,344 US

5,000 × 1,500pcs (7,500,000 NID) = $6,563 US

5,000 × 1,550pcs (7,750,000 NID) = $6,781 US

5,000 × 1,600pcs (8,000,000 NID) = $7,000 US

5,000 × 1,650pcs (8,250,000 NID) = $7,219 US

5,000 × 1,700pcs (8,500,000 NID) = $7,438 US

5,000 × 1,750pcs (8,750,000 NID) = $7,656 US

5,000 × 1,800pcs (9,000,000 NID) = $7,875 US

5,000 × 1,850pcs (9,250,000 NID) = $8,094 US

5,000 × 1,900pcs (9,500,000 NID) = $8,313 US

5,000 × 1,950pcs (9,750,000 NID) = $8,531 US

5,000 × 2,000pcs (10,000,000 NID) = $8,750 US

10,000 Notes - 10,000 × 25pcs (250,000 NID) = $213 US

10,000 × 50pcs (500,000 NID) = $425 US

10,000 × 75pcs (750,000 NID) = $638 US

10,000 × 100pcs (1,000,000 NID) = $850 US

10,000 × 125pcs (1,250,000 NID) = $1,063 US

10,000 × 150pcs (1,500,000 NID) = $1,275 US

10,000 × 175pcs (1,750,000 NID) = $1,488 US

10,000 × 200pcs (2,000,000 NID) = $1,700 US

10,000 × 225pcs (2,250,000 NID) = $1,913 US

10,000 × 250pcs (2,500,000 NID) = $2,125 US

10,000 × 275pcs (2,750,000 NID) = $2,338 US

10,000 × 300pcs (3,000,000 NID) = $2,550 US

10,000 × 325pcs (3,250,000 NID) = $2,763 US

10,000 × 350pcs (3,500,000 NID) = $2,975 US

10,000 × 375pcs (3,750,000 NID) = $3,188 US

10,000 × 400pcs (4,000,000 NID) = $3,400 US

10,000 × 425pcs (4,250,000 NID) = $3,613 US

10,000 × 450pcs (4,500,000 NID) = $3,825 US

10,000 × 475pcs (4,750,000 NID) = $4,038 US

10,000 × 500pcs (5,000,000 NID) = $4,250 US

10,000 × 525pcs (5,250,000 NID) = $4,463 US

10,000 × 550pcs (5,500,000 NID) = $4,675 US

10,000 × 575pcs (5,750,000 NID) = $4,888 US

10,000 × 600pcs (6,000,000 NID) = $5,100 US

10,000 × 625pcs (6,250,000 NID) = $5,313 US

10,000 × 650pcs (6,500,000 NID) = $5,525 US

10,000 × 675pcs (6,750,000 NID) = $5,738 US

10,000 × 700pcs (7,000,000 NID) = $5,950 US

10,000 × 725pcs (7,250,000 NID) = $6,163 US

10,000 × 750pcs (7,500,000 NID) = $6,375 US

10,000 × 775pcs (7,750,000 NID) = $6,588 US

10,000 × 800pcs (8,000,000 NID) = $6,800 US

10,000 × 825pcs (8,250,000 NID) = $7,013 US

10,000 × 850pcs (8,500,000 NID) = $7,225 US

10,000 × 875pcs (8,750,000 NID) = $7,438 US

10,000 × 900pcs (9,000,000 NID) = $7,650 US

10,000 × 925pcs (9,250,000 NID) = $7,863 US

10,000 × 950pcs (9,500,000 NID) = $8,075 US

10,000 × 975pcs (9,750,000 NID) = $8,288 US

10,000 × 1,000pcs (10,000,000 NID) = $8,500 US

25,000 Notes - 25,000 × 10pcs (250,000 NID) = $210 US

25,000 × 20pcs (500,000 NID) = $420 US

25,000 × 30pcs (750,000 NID) = $630 US

25,000 × 40pcs (1,000,000 NID) = $800 US

25,000 × 50pcs (1,250,000 NID) = $1000 US

25,000 × 60pcs (1,500,000 NID) = $1200 US

25,000 × 70pcs (1,750,000 NID) = $1400 US

25,000 × 80pcs (2,000,000 NID) = $1600 US

25,000 × 90pcs (2,250,000 NID) = $1800 US

25,000 × 100pcs (2,500,000 NID) = $2000 US

25,000 × 110pcs (2,750,000 NID) = $2200 US

25,000 × 120pcs (3,000,000 NID) = $2400 US

25,000 × 130pcs (3,250,000 NID) = $2600 US

25,000 × 140pcs (3,500,000 NID) = $2800 US

25,000 × 150pcs (3,750,000 NID) = $3000 US

25,000 × 160pcs (4,000,000 NID) = $3200 US

25,000 × 170pcs (4,250,000 NID) = $3400 US

25,000 × 180pcs (4,500,000 NID) = $3600 US

25,000 × 190pcs (4,750,000 NID) = $3800 US

25,000 × 200pcs (5,000,000 NID) = $3925 US

25,000 × 210pcs (5,250,000 NID) = $4121 US

25,000 × 220pcs (5,500,000 NID) = $4318 US

25,000 × 230pcs (5,750,000 NID) = $4514 US

25,000 × 240pcs (6,000,000 NID) = $4710 US

25,000 × 250pcs (6,250,000 NID) = $4906 US

25,000 × 260pcs (6,500,000 NID) = $5103 US

25,000 × 270pcs (6,750,000 NID) = $5299 US

25,000 × 280pcs (7,000,000 NID) = $5495 US

25,000 × 290pcs (7,250,000 NID) = $5691 US

25,000 × 300pcs (7,500,000 NID) = $5888 US

25,000 × 310pcs (7,750,000 NID) = $6084 US

25,000 × 320pcs (8,000,000 NID) = $6280 US

25,000 × 330pcs (8,250,000 NID) = $6476 US

25,000 × 340pcs (8,500,000 NID) = $6673 US

25,000 × 350pcs (8,750,000 NID) = $6869 US

25,000 × 360pcs (9,000,000 NID) = $7065 US

25,000 × 370pcs (9,250,000 NID) = $7261 US

25,000 × 380pcs (9,500,000 NID) = $7458 US

25,000 × 390pcs (9,750,000 NID) = $7654 US

25,000 × 400pcs (10,000,000 NID) = $7750 US

Dinar Profits

http://www.dinarprofits.com/

This website is a small operation, which only deals in 25,000 dinar denominations. It has six different packs you can buy the dinar in, and all are made up of 25,000 dinar denominations.

25,000 Iraqi Dinar = $49 US

125,000 Iraqi Dinar = $249 US

250,000 Iraqi Dinar = $399 US

500,000 Iraqi Dinar = $659 US

1,000,000 Iraqi Dinar = $1,199 US

5,000,000 Iraqi Dinar = $5,499 US

Iraqi Dinars Trading Company

http://www.iraqidinars.com/oldsaddamdinarprices/newiraqdinars.html

This company is one of the few that is buying dinars. They will buy dinars even if they are not the ones who sold those dinars to you. I very much doubt you would get anywhere near what you paid for them if you did decide to sell, but the website claims you will. Unfortunately, trust is once again an issue. The company demands you send them your dinars, so that they can check them. Only AFTER they have received your dinars will they pay you. If you decide it is worth the risk then this is one of the only websites that will buy. As for the selling side, this site sells dinars individually and in bundles of 100. There are also special packs available.

50 Dinar Note = $0.60

250 Dinar Note = $0.96

500 Dinar Note = $1.56

1,000 Dinar Note = $1.90

5,000 Dinar Note = $8.80

10,000 Dinar Note = $12.99

25,000 Dinar Note = $29.99

50 Dinar - 100 Note Bundle - (5,000 NID) = $29.95

250 Dinar - 100 Note Bundle - (25,000 NID) = $54.95

500 Dinar - 100 Note Bundle - (50,000 NID) = $74.95

1,000 Dinar - 100 Note Bundle - (100,000 NID) = $139.95

5,000 Dinar - 100 Note Bundle - (500,000 NID) = $580

10,000 Dinar - 100 Note Bundle - (1,000,000 NID) = $979

25,000 Dinar - 100 Note Bundle - (2,500,000 NID) = $2,372

Dinar 6 Pack - 6 Different Notes - (41,300 NID) = $56.99

Dinar 7 Pack - All 7 Notes - (41,800 NID) = $58.99

25,000 Dinar - 4 Note Pack - (100,000 NID) = $119.99

10,000 Dinar - 10 Note Pack - (100,000 NID) = $124.99

ME Banknotes

http://www.mebanknotes.com/iraqidinar/iraqidinar.html

This website is a dealer of all banknotes, not specifically Iraqi Dinars. It also offers Iraqi Dinars for sale in the section of the website the link above will take you to. The website sells individual notes and packs.

500 Dinar Note = $1.50

5,000 Dinar Note = $5

10,000 Dinar Note = $10

25,000 Dinar Note = $25

3 Low Dinar Notes (50, 250 and 1,000) = $2

All 7 Note Pack - (41,800 NID) = $41

25,000 Note Packs - (100,000 NID) = $97

(250,000 NID) = $220

(500,000 NID) = $430

(1,000,000 NID) = $850

Best Deals on the Internet

Please remember, I cannot vouch for how trustworthy these dealers are, only for their prices. The following are the cheapest internet dealers.

The cheapest for Twenty Five Thousand Dinars:

It was an exact tie.

SCGS - $24.98

http://scgs.us/index.php

First Dinar Financial Group - $24.98

http://firstdinarfinancialgroup.com/

The cheapest for Fifty Thousand Dinars:

This one was another exact tie. To get the listed price, simply order two 25,000 dinar notes.

SCGS - $49.96

http://scgs.us/index.php

First Dinar Financial Group - $49.96

http://firstdinarfinancialgroup.com/

The cheapest for One Hundred Thousand Dinars:

ME Banknotes - $97 US

http://www.mebanknotes.com/iraqidinar/iraqidinar.html

The cheapest per Five Hundred Thousand Dinars:

US Dinar - $400 US

http://www.usdinar.com/

The cheapest per Million Dinars, regardless of how many million dinars you wish to buy:

US Dinar - $740 US

http://www.usdinar.com/

The cheapest set of notes (1 of every dinar denomination):

ME Banknotes - $41 US

http://www.mebanknotes.com/iraqidinar/iraqidinar.html

eBay New Iraqi Dinar Dealers

www.ebay.com

The selling of Iraqi Dinars has become phenomenonally huge on eBay. Once again, the trustworthiness of these dealers is questionable. However eBay has the advantage of a feedback system. Every person who buys anything from an eBay seller leaves feedback on that seller. Therefore, by checking the Dinar Dealer's feedback, you can see if other buyers received their dinars after purchase. I cannot list any prices here, as the auctions only last for a maximum of 10 days. I can tell you that usually you will pay as much or more for your dinars using eBay as you would with any of the websites listed. Occasionally you can pick up a bargain, but usually the competition between buyers drives the prices up considerably. One advantage of buying through eBay is the PayPal system, which protects your credit card details, meaning a dealer can't commit credit card fraud using your details.

Dealers I have tested

As promised, here is a list of the dealers whom I have tested, by buying dinars off them. All delivered the dinars in perfect condition as promised. I am not affiliated with any of these sellers in any way. Below are the eBay user names of dealers that I have tested and have proved reliable.

Trustworthy eBay Sellers

• drivesforall
• llihnamron
• theiraqidinarcompany
• usgreatdeal (This is the eBay presence of US Dinar.com).
• centralholesale (This seller was no longer registered at eBay as of 4th September 2006, if this seller re-registers, you can trust this seller)

Conclusion

I do not in anyway advocate the buying of Iraqi dinars. If you feel you must buy Iraqi dinars, only buy what you can afford to lose. Think, how much money can I afford to throw down the drain, because that is the equivalent of what you are doing. If dinars ever become valuable, it won't be for at least 5-10 years. Your money will be frozen because there is nowhere to sell your dinars if you desperately need the money.

If you are going to buy dinars, and you want to use a dealer who won't just take your money and send you nothing, use one of the eBay sellers I have checked out. If you feel it is worth the risk, try buying one of my "Best Deals on the Internet". I DO NOT know if they are reliable or not. Bear in mind, you are taking a risk.

* The information published and opinions expressed are for information purposes only. Nothing contained herein constitutes financial, legal, tax or other advice. Important financial decisions should only be made after obtaining advice from a qualified expert familiar with your specific circumstances