If you are traveling to the middle east and are interested in exchanging US dollars for the Iraqi dinar, know that you will be getting an exotic currency since the only real export that Iraq has is oil which is always sold by the dollar. Since the late 40s, banknotes were issued from Iraq’s National Bank, but after 1954, they came from the Central Bank of Iraq and today, it is fairly easy to exchange other currency for the Iraqi dinar wherever you may go. When you buy dinar, you will be able to have Iraqi currency that will make you look like a local. Even though the Iraqi dinar revalue may be much lower than that of the dollar, you can still enjoy carrying an exotic currency during your time spent in the middle east.
Since it will take 1,200 instances of the the Iraqi dinar in order to equal one United States dollar as of 2012, you will find that you can get a whole lot of currency by making an exchange with very little domestic currency. By knowing the Iraqi dinar exchange rate, it will make it easier to purchase dinar anywhere that you go. Once you do, you can count on being able to go anywhere and make purchases while you are in the country. Even though it is pretty easy to get around with the US dollar, having dinar on hand will bring you one step closer to the local culture.
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