Saudi Arabia	$1 = 3.69 Riyal
United Arab Emirates	$1 = 3.67 Dirham
Kuwait	$1 = 0.267 KWD
Afghanistan	$1 = 43.40AFN
Iraq	$1 = 1168 Iraqi Dinars

The above represents approximate rates as of 7/14/2011.
Exchange rates are subject to change.

 

The Iraqi Dinar was worth $US 3.20 This means that to buy 1 Iraqi Dinar it would cost you $3.20 before the United Nations embargo that followed Iraq's 1990 invasion of Kuwait. By August 2002 it was trading at just below 2000 to the US dollar, and by mid-April 2003 it had slipped to anywhere between 3500 and 4000 against the dollar. In July 2003 one US dollar equaled about 1,500 Iraqi Dinars.

At the time of this writing 07-14-11 one Iraqi Dinar was worth .00085 cents or you can buy 1,000,000 for about $1,200.

Economic life is steadily appreciating in value. Since October 15th 2003, the start of the Iraqi Currency Exchange (ICE), the new Dinar’s worth has risen by 45%.

“A secure currency will provide a firm foundation for Iraq ’s future".

Coalition Provisional Authority press release

After two years of economic decline, the World Bank Group estimates that Iraq's GDP (Gross Domestic Product) will rebound by 33 percent this year.

According to the Oil and Gas Journal, Iraq contains 115 billion barrels of proven oil reserves, the third largest in the world (behind Saudi Arabia and Canada)

This is not a secret you just need to know someone to tell you.

Good Luck

Larry Kepler (KEP)