cfreeh-ga,
You can indeed exchange your current Iraqi dinars for USD. The
250-dinar notes you have are particularly short, apparently. You can
read more about this and about the new Iraqi currency that will go
into effect in October of this year at the following URL:
http://www.iraqidinars.com/pages/15/index.htm
There are many places to exchange your funds, an example being AAA
Wilshire Coin on Wilshire Boulevard in Santa Monica - their telephone
number is 310.393.0661 or 800.463.4121. Their website is
http://verizonsupersite.com/wilshirecoincom/homepage/
You can also look up "currency exchange" or "foreign exchange" in your
telephone book or online yellow pages. For currency conversion, one
of the better sites I have used is xe.com, which always has updated
conversion tables for worldwide currency. As of today, 1 IQD is worth
3.21647 USD.
As for a collector's market, the
http://www.iraqidinars.com/pages/8/index.htm Iraqidinars.com website
seems to discuss points on this, as there are pre-Gulf War dinars,
post Gulf War dinars, and now the upcoming currency without Hussein on
the bills.
I hope this answers your question in full, and I will be more than
happy to assist you further if you need additional assistance. |
Request for Answer Clarification by
cfreeh-ga
on
21 Sep 2003 20:10 PDT
I've yet to speak with Wilshire Coin, as it is the weekend and they're
closed. I'll let you know what happened when I speak with them
tomorrow.
A friend of mine brought up a point: because of all the trade
sanctions to/from Iraq, it may not be legal to exchange Iraqi currency
in the United States.
... could you dig up any information on currency exchange
restrictions?
Either way, I'll rate or ask for more clarification after I speak with
Wilshire Coin tomorrow. (and, if they will exchange it, and it's worth
what I think it might be worth, expect a hefty tip ;)).
|
Clarification of Answer by
tombiro-ga
on
21 Sep 2003 20:52 PDT
cfreeh-ga,
Understood about restrictions. From what I have found, there are
multiple businesses (such as Wilshire) across the USA that are trading
the Iraqi Dinar, and have imposed no such restrictions. I also have
not found any legal aspects that need to be reviewed with this - as we
are indeed still in some restrictions on trade with Iraq, it is still
a legitimate entity, and individuals such as our soldiers are
obviously going there and returning, as you must know.
The only difficulty I could see is that the firm would not want to
exchange them, as they realize the new funds are coming out soon and
are unsure about the viability of the older funds. What seems to be
popular is the outright selling of the bills to collectors, such as
you might find on sites like eBay. So at this point, it doesn't look
like you should have a problem other than the business owner deciding
they aren't changing the funds.
Hope this helps.
Regards,
tombiro-ga
|
