Many individuals are investing in foreign currency and Iraqi dinar through online currency exchanges. Investors purchase Iraqi dinar hoping that in the future the dinars to dollars conversion will be more valuable.
The iraqi dinar note was previously distributed by the Iraqi currency board for the government of Iraq and the National Bank of Iraq. Today, they are distributed by the Central Bank of Iraq.
The Central Bank of Iraq issued a 10,000 dinar note for inter bank transactions and larger transactions in 2002. It pictured Saddam Hussein and The Monument to the Unknown Soldier on the front and Mustansiriya Madrasah and the Arabic astrolabe on the back.
In 2004 the Central Bank of Iraq introduced a 500 dinar note. The 500 dinar note pictures Dûkan Dam on the Al Zab river on the front and an Assyrian carving of a winged bull on the back.
Most recently in 2010, the Central Bank of Iraq planned to redenominate the currency. Redenominating the currency would make for easier cash transactions.
Through online currency exchange you can buy, sell, and trade international currency and get information on International currency exchange rates.