Sell Iraqi Dinar (IQD) Online (2023)

Russian Ruble - we are sold out of the Russian Ruble and we are suspending transactions until things stabilize. Please check back for updates. We apologize for the inconvenience.

Enter the number of notes you'd like to sell for each denomination.

Sell or Exchange your Dinar with SafeDinar.com

When we founded our company in 2004, we offered two exclusive services: buying and selling Iraqi Dinar. Nineteen years later, the Iraqi Dinar is one of 79 different currencies we exchange and remains among our most popular offering. Throughout it all, we have maintained a spotless A+ BBB rating.

The Iraqi Dinar

While the history of the Iraqi Dinar goes back to 1932, the New Iraqi Dinar currently in circulation was implemented by the Central Bank of Iraq (CBI) in 2003. This is the sole variety of Dinar exchanged on SafeDinar.com. In 2014, additional security features were integrated into Dinar banknotes, but these changes have no bearing on the value of the notes.

Why Sell to SafeDinar.com?

Whatever your needs, our role as a currency exchange is to facilitate your transaction as quickly as possible - typically 1 business day, the fastest turnaround in our industry - while providing you the best rate for your currency. We rely on FedEx for priority overnight delivery.

How Much Is The Iraqi Dinar Worth?

The rates we offer are determined by the current exchange rate set by the CBI, as well as the quality of your Iraqi bank notes, among other factors. Please review our note condition guidelines to determine the category by which your Dinar will be treated.

If you are not confident that now is the perfect time to exchange your Dinar, consider signing up for our exchange rate alerts, a free customizable service.

Is Selling Iraqi Dinar a Scam?

While the majority of currency-related scams pertain to the buying of currency, we feel it is important to raise this issue. The Iraqi Dinar is a perfectly legitimate currency for goods and services within The Republic of Iraq. When receiving your currency, we use a third-party, professional armored services company with decades of experience in handling international currency to receive, count, verify and grade your currency.

Selling your Iraqi Dinar is no more a scam than buying or selling any of the other 79 currencies that we exchange. The potential for a "scam" comes into play when a buyer or seller misrepresents their own "inside knowledge" of a sudden, dramatic future change in value, or exhibits any of the scam tactics outlined in our Money Talks blog post.

Sell Your Dinar Now

The FAQ below should handle many of your Dinar-related questions. If not, simply click the chat bubble on the bottom-right of your screen to make use of our live chat service, or contact us directly via email.

(Video) How to Buy and Sell the Iraqi Dinar IQD

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How It Works

Sell Iraqi Dinar (IQD) Online (10)

2 Enter Denominations

Enter the denominations and number of notes you'd like to sell back and we'll tell you how much you'll be paid.

Sell Iraqi Dinar (IQD) Online (11)

3 Checkout

Use our quick and easy one-page checkout to confirm your address and place your redemption.

Sell Iraqi Dinar (IQD) Online (12)

4 Customer Verification & Order Review

We provide multiple convenient & secure methods for you to deliver documents required to comply with US Treasury and state guidelines.

Sell Iraqi Dinar (IQD) Online (13)

(Video) What US banks will exchange Iraqi dinar?

5 Return Authorization (RA)

If your order is approved, you'll be issued a Return Authorization (RA) along with instructions on shipping your currency to us.

Sell Iraqi Dinar (IQD) Online (14)

6 Receipt & Payment

We'll receive and process your shipment and issue you a check, sent via FedEx Priority Overnight service.

Why SafeDinar.com

SafeDinar.com has been the industry leader in exotic currency exchange for over 18 years. These are just some of the reasons why we've earned the most customer trust in the business.

  • Lowest Price Guarantee

    We promise to offer the most competitive price on the web amongst the other reputable dealers. If you find a better rate, let us know and we will promise to match or beat it.

  • 24/7/365 Support

    Reach a live person 24 hours a day, 7 days a week, 365 days a year at our toll free number.

  • Buy Back Program

    Thousands of customers have taken advantage of our easy-to-use buyback service. Enjoy a convenient process and receipt of your payment within two business days!

  • Expedited Shipping

    Overnight shipping is available for orders placed by 2pm EDT. Receive your order the very next day.

  • Professional

    Our currency specialists can help you place a buy or sell order and will answer any questions you may have. All of our orders are handled by a third party armored facility.

  • Guaranteed Satisfaction

    We guarantee 100% satisfaction in every aspect of your transaction. If you have a concern, let us know and we promise to find an appropriate solution.

Top FAQs About Selling Currency

Q How long does the process take?
  • Your RA can be issued as soon as we confirm that we have your ID on file.
  • Your payment will be shipped within one business day of the day that your currency is received.
  • Checks are sent via your choice of Fedex Priority overnight, FedEX Standard overnight or FedEX Two Day. (these are all Business Day deliveries, not weekend or Holidays).
  • Direct Deposit ACH payment should be in your account 1-2 business days .
Q How do I send my currency to you?
  • Package the currency exactly according to the instructions that are emailed to you with your RA. Please see our redemption packaging instructions for more information.
  • Include a copy of the RA form
  • You may choose any shipping company
Q Who pays the shipping costs?
  • Sending currency to us - If you did not purchase a FedEx label with your order, you are responsible for the shipping cost when sending the currency to us.
  • Your payment - $30 FedEx fee (deducted from your check)
Q How will I get paid?
A You have a choice of receiving either a business check(in U.S. dollars) sent via FedEx (you choose either next business day or 2 business day service) or you may choose ACH(direct Deposit) in which case your payment will be made directly to your checking account on the next business day following the receipt of your bank notes.
Q How quickly will I get paid if I send my currency to you?
A If you choose ACH/(Direct Deposit) you will receive your payment within one business day of your currency being delivered to our facility(please note that currency received after the cut off will be sent on the following business day. If you choose to be paid by check, we guarantee you that your check will be delivered within one or two business days depending on the service that you choose.

Have a question that's not answered here?
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12,885 reviews (and counting...)

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    Sandy S August 15, 2022

    EXCELLENT customer service. This whole process of selling my dinars was fast and very easy. Highly recommend this company!!

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    Stacie J August 10, 2022

    I highly recommend using SafeDinar for all currency transactions. I have purchased and sold through SafeDinar. They were easy to work with definitely making you feel safe in sending and receiving currency.

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    Gary R July 22, 2022

    You did really really good! I'm.satisfied. My first and only transaction.My brother came home with. $1 million in Iraqi dinar. most had Saddam's images on the bills.

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    Gary C April 2, 2022

    I have been purchasing and redeeming currency with SafeDinar.com for over 3 years with no problems. This is an exchange that I can trust to do business with. The process is simple, service is professional with fast delivery within 2 - 3 days after the approval is received.

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    Gary C March 23, 2022

    Great service, secure trading, and fast delivery. I have been a customer for almost 4 years.

View All Customer Reviews

(Video) Currency Liquidator - Buy & Sell Iraqi Dinar

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FAQs

Where can I sell my Iraqi Dinar? ›

Treasury Vault works hard to make it easy and safe to sell Iraqi Dinar, or other foreign currencies. Select one of the above choices for further instruction or call 888-348-2441.

Where can I exchange Iqd for US dollars? ›

Sell your dinars to banks. There are several banks in the Middle East that will purchase dinars. Three of these banks are the Central Bank of Iraq, the National Bank of Jordan, and the National Bank of Kuwait (see Resources).

Do any banks exchange Iraqi Dinar? ›

Hopes that Iraq's economy can recover from civil and regional wars have led to some speculation that the Iraqi dinar can increase in value against the dollar. However, major banks and brokers do not offer trading of the IQD/USD pair, and transactions are placed through money exchanges, which charge hefty fees.

Are old Iraqi Dinar worth anything? ›

The U.S. Treasury lists the dinar as worth nothing. Collectors think otherwise. While low-denomination Saddam notes have some souvenir value, prices are far higher for older Iraqi currency, said Audrius Tomonis, a currency collector who runs the website Banknotes.com.

Does Wells Fargo Exchange Iraqi dinar? ›

Does Wells Fargo buy or sell Iraqi dinar? No, Wells Fargo does not buy or sell Iraqi dinar in any location - online, by phone, or in our branches.

How much will the Iraqi dinar revalue at? ›

The Iraqi Dinar is expected to trade at 1458.50 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1458.50 in 12 months time.

Does Wells Fargo sell Vietnamese dong? ›

You can buy Vietnamese dong with dollars at major banks like Wells Fargo and Bank of America. You will need to be a bank customer already and can order it online easily.

How much is Central Bank of Iraq money worth? ›

1 IQD = 0.000685 USD Oct 01, 2022 21:07 UTC.

Is the Iraqi dinar investment legit? ›

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. The opportunity is pitched as a way to profit from a nearly worthless Iraqi dinar that are “sure” to appreciate in the future.

Where can I exchange currency for free? ›

Your bank or credit union, not an airport kiosk, is likely the best place to exchange currency. At NerdWallet, we have such confidence in our accurate and useful content that we let outside experts inspect our work.

Which bank is best for currency exchange? ›

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, offer the added benefit of having ATMs overseas.

How can you tell if the Iraqi dinar is real? ›

Here are some ways you can spot fake dinars:
  1. Look for a security thread.
  2. Bills should have raised letters.
  3. Watermarks on each bill.
  4. Metallic Inks are used.
  5. Authentic Bills will glow under an ultraviolet light.
27 Oct 2020

Does Bank of America Exchange Iraqi dinar? ›

Bank of America does not distribute or accept mutilated currency of any kind. Bank of America, N.A. does not buy or sell Iraqi dinar banknotes or Vietnamese dong banknotes, and currently has no plans to offer this service in the future.

What was the highest value of the Iraqi dinar in history? ›

Highest: 1470 IQD on 11 Jun 2022. Average: 1460 IQD over this period. Lowest: 1442 IQD on 18 Sep 2022.

When did the Iraqi dinar lose value? ›

The Iraqi dinar (Arabic pronunciation: [diːˈnɑːr]) (Arabic: دينار; sign: ID in Latin, د. ع in Arabic; code: IQD) is the currency of Iraq. It is issued by the Central Bank of Iraq and is subdivided into 1,000 fils (فلس), although inflation has rendered the fils obsolete since 1990.

Does Western Union do currency exchange? ›

Yes. Western Union offers currency exchange in bureaux de change, in their stores and online. But when you buy travel money in cash – either in store, online or with click and collect – you could be subject to an unfair exchange rate with hidden fees. Use a travel money card instead to save when travelling abroad.

Does Chase Bank do currency exchange? ›

Chase Bank buys and sells foreign currency at the mid-market exchange rate in the foreign exchange market, which is the exchange rate you'll find on any given day via Google or Reuters. However, like most banks, Chase sells foreign currency to customers with a margin added onto the exchange rate.

Does Bank of America buy back foreign currency? ›

While Bank of America does receive compensation from the purchase and sale of foreign currency banknotes in the form of a spread between the purchase and selling prices of the foreign currency (based on Bank of America's cost to acquire the currency), there are a number of factors that contribute to the cost of ...

What is happening with the Iraqi dinar revaluation? ›

Iraq devalued the dinar significantly as a part of the 2021 Federal Budget Law to 1,450 Iraqi dinars per US dollar. It was designed to preserve Iraq's dollar reserves and allow the government to spend more Iraqi dinars.

What was the Iraqi dinar worth before the war? ›

The Iraqi dinar remained tied to the British pound until 1959, after which it was pegged to the United States dollar at a rate of 1 IQD = 2.80 USD, without a change in value.

Is Iraqi dinar backed by gold? ›

The Iraqi money is backed by foreign exchange, treasury notes and precious metals such as gold. Iraq does not maintain a gold standard. During the conversion period, the old Dinar still has value. However, on January 15, the old Dinar will be worthless as a median of exchange.

Where can I sell my foreign currency? ›

If you like to plan ahead and want to exchange currency in the U.S., your bank or credit union will be your best bet. They have access to the best exchange rates and usually charge fewer fees than exchange bureaus. Most big banks sell foreign currency to customers in person at a local branch.

Where can I sell my Vietnamese dong? ›

SafeDinar.com has been proudly offering exchange services for the Vietnamese Dong (VND) for many years. If you would like to buy or sell VND, you have come to the right place: A 12-year exchange service with a spotless A+ BBB rating.

Does Coinstar do currency exchange? ›

Use a Coin Star coin vending machine to exchange your foreign coins before you leave the country. Coin Star has thousands of locations worldwide. You can opt for a coins-to-cash exchange and then bring your bills to the airport for further exchange. You may also do a money transfer.

How much is a $25000 dinar worth in American money? ›

25000 Iraqi Dinar = 17.160607 US Dollar (USD)

What was the Iraqi dinar worth in 1980? ›

In the 1980s, one dinar bought around $3, but economic sanctions imposed on Iraq around the time of the 1991 Gulf War sent the currency into decline and stoked inflation, which the government fuelled by printing money. By late 1995, $1 bought as much as 3,000 dinars.

How much was the Iraqi dinar worth in 1990? ›

Before Iraq invaded Kuwait in August 1990 the dinar was worth about $3.00. But after the imposition of sanctions and Iraq's defeat in the Persian Gulf war, its value plummeted. Two weeks ago, the new dinars were being sold for a penny, while the prewar bills brought 3 cents.

What currency is worth the most? ›

Which currency is highest in the world? Kuwaiti Dinar or KWD has crowned the highest currency in the world. Dinars is the currency code of KWD. It is widely used in the Middle East for oil-based transactions.

What is the highest currency in the world? ›

Kuwaiti Dinar (KWD) is the most valuable currency in the world due to the country's strong economy. 1 KWD = $3.26.

Who is on Iraq money? ›

Will banks do currency exchange? ›

Do banks do currency exchange? Yes. Many banks and credit unions exchange currency for their customers. It may cost a small fee, but it will likely be the best exchange rate you can get.

Does Wells Fargo buy back foreign currency? ›

As you start your trip, having local currency on hand lets you easily cover immediate expenses without needing to hunt down a currency exchange office. On your return, we can often buy back unused foreign currency cash at a Wells Fargo branch. We offer more than 70 currencies available for use in over 100 countries.

Can I exchange money at a post office? ›

How to use our currency buyback. Use our branch finder and select "foreign currency" under 'products and services' to find your nearest branch. Just head over with your money and we'll buy it back. Over 2,500 branches won't need to see your purchase receipt, but smaller ones will.

Can you exchange currency at a bank without an account? ›

Even if you don't open a foreign bank account, these bank branches still might be able to exchange currency for you. If they are willing to do so you'll likely have to pay a fee, just as you would in the U.S. if you aren't a banking customer.

Which American banks are international? ›

  • What Is an International Bank Account and Why Do You Need One?
  • Citibank.
  • HSBC.
  • Capital One.
  • Charles Schwab Bank.
  • First Republic Bank.
  • US Banks Affiliated With Mexican Banks.
  • European Banks in the U.S.

How much does Chase charge for foreign currency? ›

The rate for foreign transaction fees is usually 2-5% of the entire purchase, which might include shipping costs and taxes. Check out your cardmember agreement for details on fees for international purchases.

What is the difference between circulated and uncirculated Iraqi dinar? ›

Again, there is no difference in the intrinsic value between a circulated note and an uncirculated note. You will find that most banks that exchange the IQD do not pay different rates depending on condition.

Who introduced gold coin dinar? ›

The gold dinar (Arabic: ﺩﻳﻨﺎﺭ ذهبي) is an Islamic medieval gold coin first issued in AH 77 (696–697 CE) by Caliph Abd al-Malik ibn Marwan.

Does US bank exchange foreign currency? ›

Foreign currency exchanges need to be done at a U.S. Bank branch. We encourage you to make an appointment to allow time for questions and processing.

Does Capital One bank do currency exchange? ›

A currency conversion fee might be charged by the credit card or debit card payment network or ATM network for converting one currency to another. While Capital One doesn't charge a currency conversion fee, other issuers might.

Can you exchange foreign money at Bank of America? ›

Bank of America account holders can exchange foreign currency (no coins) for U.S. dollars at a full-service banking center. Add a currency to view the currency exchange rates for that country and find out how much your foreign currency is currently worth in U.S. dollars.

Where can you sell Iraqi dinar? ›

Treasury Vault works hard to make it easy and safe to sell Iraqi Dinar, or other foreign currencies. Select one of the above choices for further instruction or call 888-348-2441.

What countries accept Iraqi dinar? ›

The Iraqi Dinar is an official national currency and used only in Iraq.

Where can I exchange Iraqi dinar for US dollars? ›

Sell your dinars to banks. There are several banks in the Middle East that will purchase dinars. Three of these banks are the Central Bank of Iraq, the National Bank of Jordan, and the National Bank of Kuwait (see Resources). You will need to contact the banks directly and discuss their policies and procedures.

Which country has the highest currency? ›

This is the currency of Kuwait, and it is still the strongest currency in the world. It was introduced in 1960, and when it was first released, it was designed to be equivalent to one British pound. Still, if you take one US dollar and exchange it for a Dinar in Kuwait, you will only receive 0.30 Dinar.

What is the value of Iraqi money with Saddam Hussein on it? ›

The once-proud dinar was worth $US3. 20 ($A5. 31) before the United Nations embargo following Iraq's 1990 invasion of Kuwait. By August 2002 it was trading at just below 2,000 to the US dollar, and currently it has slipped to anywhere between 3,500 and 4,000 against the dollar.

Is it legal to sell Iraqi dinar? ›

It is illegal in the U.S. and most other major economies to market an investment without appropriate securities registration. The scammers get around this requirement in two ways. First, it is technically legal to sell hard currency for its numismatic value.

Can I sell dinar? ›

If you need cash, you can sell Iraqi Dinar to quickly meet those needs. You can be confident you're getting the best price with Currency Liquidator. Plus, you'll enjoy the peace-of-mind that comes from the guaranteed buy-back program which pays you a fair market price, regardless of where you bought your Dinar.

Does Citibank do currency exchange? ›

Citibank currency exchange service

Citibank's currency exchange services are limited to Citibank account holders. You can buy and sell foreign currency at a Citibank branch, and if you're exchanging less than $1,000 US dollars worth, you will pay a $5 fee.

Can I buy dinar at Chase Bank? ›

Foreign currency exchange is available for all Chase Bank customers.

What was the Iraqi dinar worth in 1980? ›

In the 1980s, one dinar bought around $3, but economic sanctions imposed on Iraq around the time of the 1991 Gulf War sent the currency into decline and stoked inflation, which the government fuelled by printing money. By late 1995, $1 bought as much as 3,000 dinars.

How can you tell if the Iraqi dinar is real? ›

Here are some ways you can spot fake dinars:
  1. Look for a security thread.
  2. Bills should have raised letters.
  3. Watermarks on each bill.
  4. Metallic Inks are used.
  5. Authentic Bills will glow under an ultraviolet light.
27 Oct 2020

How much is a dinar to a dollar? ›

Latest Currency Exchange Rates: 1 Iraqi Dinar = 0.0007 US Dollar.

What currency is worth the most? ›

Which currency is highest in the world? Kuwaiti Dinar or KWD has crowned the highest currency in the world. Dinars is the currency code of KWD. It is widely used in the Middle East for oil-based transactions.

What is the highest currency in the world? ›

Kuwaiti Dinar (KWD) is the most valuable currency in the world due to the country's strong economy. 1 KWD = $3.26.

What is Treasury vault? ›

TreasuryVault.com (Treasury Vault, LLC) is a currency exchange company registered with the US Treasury Department since 2011, a precious metals dealer (gold and silver), and a provider of Fort Knox high-end residential safes and vaults.

Which bank is best for currency exchange? ›

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, offer the added benefit of having ATMs overseas.

Where can I exchange currency for free? ›

Your bank or credit union, not an airport kiosk, is likely the best place to exchange currency. At NerdWallet, we have such confidence in our accurate and useful content that we let outside experts inspect our work.

What is the best place to exchange money? ›

The best place to exchange foreign currency in the U.S. is at your local bank or credit union before you leave for your trip.

Does Bank of America take Iraqi dinar? ›

No. Bank of America does not offer or accept foreign coins.

Does Wells Fargo buy back foreign currency? ›

As you start your trip, having local currency on hand lets you easily cover immediate expenses without needing to hunt down a currency exchange office. On your return, we can often buy back unused foreign currency cash at a Wells Fargo branch. We offer more than 70 currencies available for use in over 100 countries.

How do you exchange currency? ›

5 Cheap Ways to Exchange Currency
  1. Stop by Your Local Bank. Many banks and credit unions offer a foreign currency exchange service for a fee. ...
  2. Visit an ATM. ...
  3. Consider Getting Traveler's Checks. ...
  4. Buy Currency at Your Foreign Bank Branch. ...
  5. Order Currency Online.

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5. Remembering 29 To 1 Iraq Dinar RV Dream Ft MO VLOGS
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