: The value is set by the Central Bank of Iraq (CBI), not by open market demand. The CBI has repeatedly confirmed it intends to maintain stability at a rate near 1,300 IQD per USD through 2026, explicitly denying plans for a sudden revaluation.
: The IQD is not traded on major global forex markets. If you buy physical banknotes, they are extremely difficult to sell back at a fair price; dealers often charge spreads of 30% or more , meaning you could lose half your investment immediately upon purchase. should i buy iraqi dinar
Investing in the Iraqi Dinar (IQD) is considered a move, frequently associated with long-running scams and "get-rich-quick" schemes. While the prospect of a massive "revaluation" (RV) to pre-1991 levels is a popular narrative on social media, it is dismissed by mainstream economists as mathematically and economically impossible. Key Risks of Investing in the Dinar : The value is set by the Central
: Speculators often claim the currency will jump from ~$1,300 to $3 overnight. However, Iraq has roughly 100 trillion dinars in circulation; for it to be worth $1 each, Iraq's economy would need to support a money supply five times larger than that of the entire United States. If you buy physical banknotes, they are extremely