This auction is for twenty-five (25) $5000.00 Iraq Dinar notes in new, uncirculated condition. 

     These are the current legal tender of Iraq.  They have all the security features such as:  UV feature, raised lettering, security strip, horse head watermark.  They are 100% authentic.  See www.dinar.com for more information from companies registered with the US Treasury.

      One of the markers historically for war torn countries that an economic boost is coming soon is the return of the countrymen and women who fled the country for safety.  This is a measure of the national security and the people's confidence in the country being a safe place to live.  With tens of thousands of Iraq refugees returning to Iraq each month now that the surge has reduced violence by 75%, it is only a matter of timing that the government will probably be pressured to raise currency values more quickly so the people can use the dinar rather than the US dollar and have money to support their families--they need food, clothing, shelter, etc. and goods to sell in their stores.  Additional jobs will be created and so forth.  

     Kuwait's turn around after the Gulf War was the returning refugees.  After 1,000,000 refugees had returned, six months later they threatened to vote in new leaders if the leaders didn't raise the value of their money.  It is a pattern historically with other countries as well.  Kuwait put the removal of the US troops who had served as major security forces as a requirement to raise currency values so they show they are running their own country.   This they did and raised the currency values back up to $.75 = $1 US and then up from there within a year and a half of the returning countrymen's complaints. 

    Iraq has the third largest oil reserves in the world and wants to become an oil rich country like Saudi Arabia & Syria.  They are in negotiations with several oil companies to develop a new oil field to double total production capacity within ten or twenty years.  And, they have made a contract between Turkey and Iran to help in building a new oil pipeline up through those countries and into the European countries in order to be a major supplier of oil.

                                                          In 1990  $1 dinar = $3.3 US dollars.

                                                           in 2003, $1 dinar = $.30 US

                                                      Dec.   2006  $1 dinar = $.0006  US,     or $1450 dinar = $1 US

                                                    today   2008  $1 dinar = $.0008  US,     or $1198 dinar = $1 US

    The dinar has slowly and steadily risen in value since the second year of the war.  If Iraq even rebounds to 2003 levels, @ $1 dinar = $.30 US, $125,000.00 dinar would be worth $45,000.00 US dollars, which is possible with US troops still in Iraq. Your risk is minimal.    

They will be mailed in a protective money holder.   

30 day return policy.