Links of Interest
A: The Iraqi Dinar is the currency of Iraq. On October 15th, 2003, the new Iraqi Dinar was created to replace the pre-war Saddam currency and to unify the currency used throughout all of Iraq.
The new Iraqi Dinars contain the most up-to-date anti-counterfeit features including: watermarks, a security thread, raised letters, an optical variable ink and other variations to thwart counterfeiters.
- International Support - Major industrial nations from around the world are present in Iraq, pledging trillions of dollars for reconstruction of the infrastructure, including: power, water, road and highways, IT and phone systems, and health and human services.
- Strong Asset Base - Iraq is the second largest oil reserve holder in the World, with reserves worth over $10 trillion at the current market value.
- U.K. Support - The United Kingdom has pledged billions of pounds, military and civilian support, debt relief and economic ties that will give Iraq the capability to develop its potential as a $70 billion a year economy, second only to Saudi Arabia.
Yes, Dinar UK is a reputable registered company with HMRC in the United Kingdom.
A: The Central Bank of Iraq has issued licenses to western banks to operate in Iraq. The three banks that are licensed are: National Bank of Kuwait, HSBC Bank, and Charter Bank of England.
Once these banks are operational in Iraq, you can exchange your Dinars through their branches anywhere in the world. Please click here for HSBC's web site.