Saddam Hussein was the president of Iraq from 1979 until 2003, when he was overthrown by a U.S.-led invasion. During his time in power, Hussein amassed a personal fortune through a variety of means, including corruption, oil exports, and international arms deals. At the time of his death, Hussein is believed to have had a net worth of $2 billion.
In 2003, 25 dinar Saddam Hussein notes were worth about $25 USD. Today, those same notes are worth approximately $133 USD.
Is Saddam Hussein currency worth anything?
I don’t think so. It has a lot of potential.
The Iraqi dinar was originally pegged to the British pound, but after 1959 it was pegged to the United States dollar at a rate of 1 IQD = 280 USD. The value of the dinar has remained stable since then.
How much is the old Iraqi dinar worth
As of February 20, 2023, 1 Iraqi Dinar is equal to 0.688 United States Dollars. This rate is subject to change, so be sure to check back often to get the most up-to-date exchange rate.
This note is from Iraq and is dated 1982. It is 175 x 80 mm in size and depicts three Arabian horses on the front design. The reverse side features the fountain in the courtyard of the Abbasid Palace in Baghdad. The note has a solid security thread and a horse head watermark for added security.
Can I sell my Iraqi dinar?
The banknotes in circulation in Iraq are those issued since 2003 by the Central Bank of Iraq. These banknotes replaced the older banknotes that featured the image of Saddam Hussein. Although the Iraqi Dinar is a closed currency, meaning that it cannot be traded on international currency markets, it is possible to exchange your Iraqi Dinars for other currencies via our online exchange service.
This is a handy conversion data table for converting Iraqi Dinar to US dollars and vice versa. The table is accurate as of the date of this writing.
What is the highest value of the Iraqi dinar in history?
The Iraqi Dinar reached an all time high of 1460 in December of 2020. The currency has been on a steady decline since then, and is currently trading at around 1300. The decline is largely due to the political instability in Iraq, as well as the continued violence and terrorist activity in the country.
It is estimated that the long-term price tag for the war in Iraq is $24 trillion. Of that, $19 trillion is estimated to be spent on Iraq, or $6,300 per US citizen. A CRS report released in December 2014 found that after the end of combat operations and the 2011 withdrawal, the price tag for the war was $1.7 trillion.
Why is dinar stronger than dollar
The Kuwaiti dinar (KWD) is the currency of Kuwait and is more valuable than the US dollar. The dinar is divided into 1,000 fils and is pegged to the US dollar. The Kuwaiti government has a strict policy on the peg and does not allow the dinar to fluctuate more than +/- 3.5%. The dinar was introduced in 1961 and was pegged to the British pound until the early 1970s.
1 IQD = 0.0000685119 USD
5 IQD = 0.000342559 USD
10 IDQ = 0.000685119 USD
25 IQD = 0.0017128 USD
Is Iraqi dinar value increasing?
The decision by Iraq’s central bank to increase the value of the Iraqi dinar is a reversal of the previous government’s economic reform policy. This could lead to future fiscal challenges for the country.
When business people travel to Iraq in search of investment opportunities, they will still need to have currency on hand. Rather than relying on banks or airport exchanges, they will use a currency broker because of the more favorable exchange rates and lower fees. Finally, investing is a major reason people hold and use the Iraqi Dinar.
Where can I sell my Iraq money
We work hard to ensure that selling your Iraqi Dinar is easy and safe. For further instructions, please select one of the above options or call 888-348-2441. Thank you for choosing Treasury Vault!
The Iraqi dinar “investment” opportunity is a scam that has been around for a few years, and has recently been regaining much of its former popularity. Sadly, everyone from armed service men and women, civilians, contractors and unwise investors are buying into this scam without understanding the real risks.
The Iraqi dinar is not a currency that is widely traded on international markets, and as such, is not a sound investment. The dinar is also not backed by any assets or gold, and is therefore incredibly risky. What’s more, there is no guarantee that the Iraqi dinar will ever be revalued, meaning that investors could lose all of their money.
If you’re thinking of investing in the Iraqi dinar, please do your research first and understand the risks involved. You could end up losing everything you’ve invested, and more.
When did the Iraqi dinar lose value?
The Dinar was decoupled from the US Dollar in 1971 and 1973, after the US currency was devalued. UN sanctions following the Gulf War in 1991 meant that new, inferior quality banknotes were printed in large quantities, and the Dinar quickly lost its value.
Wells Fargo does not buy or sell Iraqi dinar in any location – online, by phone, or in our branches.
How many dinars are in a dollar
1 USD = 14464753 IQD
The dollar to Iraqi Dinar exchange rate today is 14464753. This means that 1 US dollar is worth 14464753 Iraqi Dinar.
Bank of America does not buy or sell Iraqi dinar banknotes or Vietnamese dong banknotes. If you have any of these banknotes, please do not try to deposit them at a Bank of America location.
Conclusion
The value of 25 Saddam Hussein-era dinars is difficult to determine as the Iraqi dinar was subject to a number of revaluations during that time period. However, one estimated value for 25 Saddam-era dinars is approximately US $16.
The answer to this question is not currently known, as the 25 dinar Saddam Hussein note is no longer in circulation. It is speculated that the note may be worth up to $50 USD, but this is only a guess. If you are interested in finding out the value of this note, you may want to consult with a professional currency dealer.
