New Dinars Have Improved Anti-Forgery Features

By John Lee.

Iraq is introducing new Iraqi Dinar notes with improved security features, such as guarantee ribbons and the internationally used SPARK feature.

The Central Bank of Iraq treasury director Ihsan Shamran al-Yasseri announced the move, noting that this was a positive step forward that would help strengthen the currency.

The new notes, to be used alongside the old until they are phased out, will include 250, 500 and 1,000 Iraqi dinar denominations as well as larger denominations of 5000, 10,000 and 25,000 dinars. Al-Yasseri said of the move:

“The new currency, of which the small value ones have been offered for circulation, is not much different in form from the notes currently being used by the public. But these are infused with safer and more effective technical specifications containing security symbols and many technical characteristics that will give the notes longer life and make it difficult or almost impossible to counterfeit. Many of the present currency notes have become overused and it was necessary to renew them with the addition of features that would make the notes more able to effectively resist the constant circulation as well as attempts at forgery.”

(Source: Mawtani)

45 Responses to New Dinars Have Improved Anti-Forgery Features

  1. Ali May 1, 2014 at 11:43 am #

    Dear Editor,

    We are the Iraqis. We welcome the steps to improve our currency which were taken by the Central Bank of Iraq. Also I would like to see the CBI working independently and Iraqi politicians must stop interfering in the CBI works.

  2. boy May 1, 2014 at 12:03 pm #

    Al-Maliki is still the chief minister of Iraq? is it true that the country will raise the value of Iraqi dinar?

  3. Updates | Dinar Detectives May 1, 2014 at 2:56 pm #

    […] notes more able to effectively resist the constant circulation as well as attempts at forgery.”Article Link – […]

  4. Andy Furr May 1, 2014 at 5:25 pm #

    Please tell me which Iraqi Dinars are being phased out of circulation?

    http://www.iraq-businessnews.com/2014/05/01/new-dinars-have-improved-anti-forgery-features/

  5. David May 1, 2014 at 9:02 pm #

    So any Dinars in the US not in an Iraqi bank will be worthless soon then if the banks are going to phase the new notes out.

  6. David May 1, 2014 at 9:03 pm #

    Oh well it was a long shot and we all knew it, guess the dinar will be added to the Monopoly game here

  7. Lather May 2, 2014 at 3:39 am #

    Where is the lower denoms the ones with the zeros dropped that are coming out in June?

  8. Marcos May 2, 2014 at 10:24 am #

    What about the 50 Iraqi dinar note

  9. Marcos May 2, 2014 at 10:26 am #

    how long will it take to phase out the old notes, can we exchange it in any countries

  10. Ali May 3, 2014 at 2:21 pm #

    Hello Marcos,
    Nobody buys or sells Iraqi Dinar in UK.

  11. David May 3, 2014 at 3:12 pm #

    Ali-what if my dinar is in the bank

  12. Ali May 6, 2014 at 10:04 am #

    Hello friends,
    I do not know about other banks. But if your money in Iraqi banks you will be OK. I am very sorry for the bad news.

  13. boy May 6, 2014 at 3:21 pm #

    Ali..!!!!!..is it true that your statement? so the Iraqi currency can only be changed in Iraq?

  14. SB May 6, 2014 at 4:18 pm #

    How do we get our IQD in an Iraqi Bank? I know Citi Bank is there. Are there other options?

  15. Stew May 6, 2014 at 5:10 pm #

    I’m sure the people that conned you into buying the dinar you have now will be glad to con you into buying this new dinar when it is issued.

  16. Stew May 6, 2014 at 5:23 pm #

    Think about it. Iraq has issued this new currency. They have announced that the current dinar you hold will be honored in the future. You have no need to exchange your current dinar (other than this big RV rumor is a scam and you should get out of all dinar).
    Yet here we already see confusion with dinar holders. Imagine that.
    The scammers will see this. Look for them to start pushing the rumor that the current dinar has to be exchanged because only the new dinar will RV. They will gladly buy back the dinar you have now (for a loss of course) and then sell you the new dinar (for a huge markup of course).

  17. David May 6, 2014 at 6:26 pm #

    Stew,
    I f you look at the last time they changed currency it was only held in Iraq therefore all of your pumpers who kept pumping you to buy more because every day or week it is going to RV and people kept falling for it. I wish you luck and all those who have hard currency in the states to one day exchange it, but look at the process they will phase all out of Iraq and what currency we have we can play Iraqi Monopoly

  18. David May 6, 2014 at 6:28 pm #

    I too will take a loss but you have to understand that this was a long shot for us and the only people that will make money are the ones who sold it online for all these years

  19. David May 6, 2014 at 6:28 pm #

    Please do your research before investing in Iraq

  20. Stew May 6, 2014 at 9:40 pm #

    David… what bank do you have your dinar in?

    I have no dinar. It is a scam.

    You are mistaken to compare this to what they did 10 years ago.
    Their intention then was to remove all the Saddam dinars.
    What they are doing now is more like what the US did about 10 years ago with issuing $5, $10, $20, $50, and $100 notes with color. No one had to go exchange all their bills. The old green only bills didn’t become worthless. You still see them today.

  21. David May 6, 2014 at 11:13 pm #

    Bank of Baghdad,I do not have much as it was a huge risk but did invest a little as I was in Iraq for 4 years as a Contractor and had the bank on site as I spoke with the Bank Manager often. I hope all will cash out but it is a waiting game for all, no one really knows what will happen but we shall see one day

  22. Stew May 7, 2014 at 1:15 am #

    Dinar holders love to say “no one really knows what will happen”, which is kinda true cause nobody knows exactly how it will play out. But I can tell you this, many people do know, and it is a fact that the huge RV being promoted on dinar boards is a huge scam and has absolutely, ABSOLUTELY zero chance of happening.

  23. David May 7, 2014 at 2:33 am #

    I do feel sorry for all the people that bought dinars online and had them shipped as they were scammed into it as pumpers kept pumping them to buy more and more as they made a killing from it. I know it was a huge risk and that is why I took all the steps as the Department of State signed off for me to become a share holder being a foreigner.Lots of paperwork processed for this happen.

  24. WOW May 9, 2014 at 3:55 pm #

    I just have to say: No matter the turn out whether it DOES happen or DOES NOT……I’m going to come back on this site and say I TOLD YOU SO……LOL

    That’s only because I have read comments on here for some time now reading the arguments and some of you getting so upset….. Who cares if it does or doesn’t! No one is going to change your minds….Let it go and just watch.

    I too have some Dinar although I keep seeing the same delays and excuses to why it hasn’t and there getting old and to the point I am believing more of what Stew is saying.

    Nothing I can do now but watch and see as I’m into it. I might just end up with a 3 million dollars US or I might end up with 1 million in Dinar toilet paper. Either way it will get used….LOL

  25. Lather May 9, 2014 at 3:59 pm #

    Why do the naysayers get on here and be so stern about it not happening over and over and over somethings wrong with that from what I’ve read they are definitely going to do something with their currency it’s not going to stay at 1166 and it’s not going to get worse so whether it’s now one year two years five years something is going to happen

  26. Barry May 12, 2014 at 3:04 pm #

    Yes Lather, in the long-run they’re planning to redenominate / delete 3-zeros. You won’t get rich off of that though. And the only people calling people who point that out “naysayers” are the “RV” scam victims…

  27. 2collectdinar May 12, 2014 at 9:02 pm #

    Don’t buy mmj (pot stocks) their a scam also LOL nobody knows what gonna happen with the IQD not stew sue Barry Larry moe are curly just hold on to it it’s a legal currency PRINTED by DE LA RUE and if you think de LA rue is gonna let the iraq government turn the currency they printed into BULL$#!T your being led by FOOLS! De LA rue has a worldwide reputation to up hold! Jmho

  28. Stew May 12, 2014 at 10:41 pm #

    It’s amazing how many times you’ve made this same stupid statement 2collect. It has also been explained to you over and over that no one claims the dinar itself is a scam. The dinar is the legitimate currency of Iraq. It’s the ludicrous notion that it will RV 100,000% that is the scam.
    The Iraqi dinar is legit just as the Euro is legit. If someone tries to sell me Euro and convince me they will soon be worth $1500 each, I will call that a scam.
    Now can you please tell us why you can’t see the distinction being made. What is so hard to understand? Again, it has been explained to you a hundred times probably. It appears quite obvious that have no interest in learning where you are mistaken and you just want to continue to push and promote lies and misdirection. It would appear you have a stake in pushing these lies because such a simple concept has been explained to you over and over and only an absolute idiot would not understand it.
    So which is it? Are you a paid dinar dealer/pumper, or are you really that dense that such a simple distinction between the actual currency and the scam surrounding it is too tough for you to comprehend?

  29. Barry May 13, 2014 at 7:56 am #

    Stew, I genuinely didn’t even understand a single word “2collect” said. And the reason he can’t understand what the scam is precisely why he’s so sucked into it. This is after all, the same guy who on the other topic, couldn’t tell a million from a billion even with two attempts with a calculator… 😀

  30. Sahtee May 16, 2014 at 11:55 am #

    The Dinar in all probability will “not” revalue per-say. However it will eventually be allowed to “float” Once that happens its value will rise gradually. In all probability it will attain a value equivalent to the Kuwaiti Dinar. That is of course; if these idiots ever stop killing each other in the name of Allah.

  31. Stew May 17, 2014 at 5:15 pm #

    What makes you think the dinar will float? Kaperoni the pizza cook tell you that?
    And what makes you think it reach the value of the Kuwaiti dinar.
    Iraq has 40 Trillion dinar in circulation. Kuwait has 1.5 Billion.
    Iraq has a total money supply (M2)of 80 Trillion. Kuwait has 34 billion.
    Iraq has 26000, yes 26 THOUSAND times more currency in circulation. For every single Kuwaiti dinar there are 26 THOUSAND Iraqi dinar.
    Total money supply Iraq has 2300 times more currency than Kuwait. Yes, still over 2 THOUSAND times more currency.
    Now in what world… in what warped scamming dinar guru mind, did the notion that the Iraqi dinar could float to the value of the Kuwaiti dinar?
    What economic phenomenon is going to allow/cause the Iraqi dinar to equal the Kuwaiti dinar when they have 26 THOUSAND time more currency?

  32. Lather May 17, 2014 at 7:19 pm #

    Wow stew you sure are quick to debunk anything and everything that has to do with the dinar becoming more valuble are you ok?

  33. Sahtee May 17, 2014 at 7:22 pm #

    Being nasty just because you have a different opinion doesn’t justify your opinion. Iraq Dinars are like American dollars. They are fiat money that is mostly based on trust. They have value within Iraq but are practically worthless in the rest of the world. The day will come however when that will change. There are way too many factors that have to be considered at this point in time for “anyone” to be sure how this is going to play out. I’m just using common sense as to how I would do it if I was the CBI. Otherwise if there’s an instant gigantic RV as many are predicting then everyone in Iraq would be instant millionaires and they would all quit their jobs. I very well could be wrong so don’t get you ass in a sling. Time will tell.

  34. Stew May 18, 2014 at 1:25 am #

    Lather. Taking into account that Iraq has 26000 times more currency than Kuwait, do you really think they should have the same value?
    Sahtee. How was I nasty? I stated facts. I see you use the typical dinarian counter when presented with facts you can’t dispute, “no one can be sure how this will play out”. While it is true that we don’t know if it will redenominate or not, go up or down in value a little. We do know without any single little bit of doubt that the dinar will not go up in value 100,000 to 300,000% like the scammers and you claim.
    It’s like watching two horses race down a track. They can run somewhere around 40 to 50 mph and no one knows beforehand how the race will play out. But if you try to tell me that one of the horses might accelerate to 50,000 mph, I’m going to call bull crap.

  35. Lather May 18, 2014 at 1:38 am #

    Ok stew the only real reason I think this thin could pop like they say is because for years there currency was worth 2to3 us$ for one dinar and in one day of sanctions it dropped to a worse rate than it is now why won’t it go back to what it was in one day again the rate before was a real rate the rate now is fake thanks for yr time stew.

  36. Stew May 18, 2014 at 6:13 am #

    While it is true that the dinar was once worth $3, your other claim that it dropped one day is fabrication of scammers selling dinar.
    The dinar was $3 in 1980. Iraq at that time had a money supply of 20 billion dinar and they had 60 billion dollars in FX reserves to back that dinar. That’s how they had a $3 rate. See the math there. 20 billion dinar divided by $60 billion reserves equals $3 per dinar.
    Today, 34 years later, thing are vastly different. The rate didn’t drop overnight. The rate started dropping when Saddam took over the country and took them war with Iran. He stole/spent the $60 billion in reserves which caused the value of the dinar to fall. After he spent all their reserves he then started printing trillions and trillions of dinar causing the dinar to fall even farther. It was certainly not an overnight event. The CBI website even talks about it. Today Iraq has 80 TRILLION dinar with about $70 billion in FX reserves. Guess what the math is on that. $70 billion divided by the 80 trillion dinar equals .000875 or 1142, which is remarkably close to the current exchange rate. Simple math shows you that the current rate is fair and very normal. They could return to about 1$ per dinar if they were to redenominate and delete 3 zeros. They have been openly discussing that plan for years. Dinar holders would have to turn in their dinar and for every 1000 dinar they turn in they will get 1 new dinar. That will reduce Iraq’s money supply from 80 trillion to 80 billion. With an 80 billion money supply a $1 rate would make perfect sense. Problem is scammers and crooks are lying about the redenomination discussions in Iraq and trying to convince people those articles actually mean a huge RV is going to happen. That’s ludicrous yet people are falling for it. Firstly, no country would openly talk about any kind of RV, not even one of a few percent, yet alone this supposed 100,000% or more RV. Next, RVing Iraqs 80 Trillion dinar money supply to $1 would make their money supply bigger than the entire world combined. Does that sound like something that might happen?

  37. 2collectdinar May 19, 2014 at 8:44 pm #

    If stew doesn’t own any dinar why does he come on here at all? Because everyday he pray’s that nothing has happened! Hey stew I bet your telling people not to invest in mmj stocks you’re a sad person if your not invested STFU go play some where else India requested to be paid in dinar after they signed their trade agreement with iraq I’m sure they know more then you and I keep my eyes on the banks moving in name one bank that’s not in iraq or a corporation that’s not in iraq? Stew this a big boys game and it’s called speculation! Get a life!

  38. Stew May 20, 2014 at 4:47 am #

    Brilliant Collect. Your response to all the facts I just presented is to demand I STFU and just go away. Typical dinar holder reaction. Glad the editor didn’t delete that. People really need to see the mentality of these dinar cheerleaders.
    As for India and Iraq trading in local currency, fantastic!! If anything it proves more that there will be no big RV. Do you really think Iraq would buy goods from India receiving $.00086 per dinar, then turn around and RV them to $3 so that India can redeem them for a 300,000% gain. They would be the stupidest country on earth.

  39. Barry May 20, 2014 at 4:32 pm #

    Lather – “there currency was worth 2to3 us$ for one dinar and in one day of sanctions it dropped to a worse rate than it is now”

    This is a 100% flat out lie. The Iraqi Dinar fell over the space of a decade when Saddam printed more money triggering off 315% rates of inflation. It didn’t “fall due to sanctions” at all – that’s a dumb guru lie:-

    Year = Money Supply / Exchange rate
    1991 = 24,670m (24.7bn) / $1 = 10 IQD
    1992 = 43,909m (43.9bn) / $1 = 21 IQD
    1993 = 86,430m (86.4bn) / $1 = 74 IQD
    1994 = 238,901m (239bn) / $1 = 458 IQD
    etc.

    http://www.cbi.iq/documents/Annual_2002f.pdf

    The “$3” rate you see on xe.com, etc, up until 2002 was Saddam’s long abandoned fake peg that had zero basis in reality. No-one traded the Dinar at that in reality regardless of what “RV” investors wish to believe to convince themselves the scam is “real”.

    Lather – “why won’t it go back to what it was in one day again the rate before was a real rate the rate now is fake thanks for yr time stew.

    For the same reason you can’t buy a new car for $50 like you granddad did in WW2 – decades worth of inflation… It’s utterly laughable people think you can just look up the price of something decades ago and crayon it to today with a 4,000x disparity in money supply – but only for Iraq…

    2collect the troll – “If stew doesn’t own any dinar why does he come on here at all?”

    Because this website is about serious investing in Iraq, not the Dinar “RV” scam. A better question is why do clueless “RV” scam victims like yourself try pumping it here, and still can’t figure out after two years this simply isn’t a site for scammers, then demand everyone else “shut up”. As Stew said, all you’ve done is verify yet again that the only thing holding the “RV” scam together on controlled “Go RV!” boards is censorship. Once you step outside “the guru bubble” of lies & confused nostalgia, devout “believers” start crying their eyes out & demanding reality “go away” to stave off the cognitive dissonance.

  40. 2collectdinar June 29, 2014 at 3:43 pm #

    I love stupid people I’m a day trader (TD ameritrade) if stew doesn’t own dinar why does he come on here everyday? Telling people not to invest in a currency? Why only the IQD he doesn’t tell you not to by vnd or south Korean won its only the dinar! Stfu stew your no one financial advisor and here’s something stew won’t admit he doesn’t know how this will turn out only the government of iraq and other governments know how this is going down! If you guys think every corporation in the world is in iraq for shits and grin’s then listen to stew me personally I wouldn’t listen to someone who is not holding IQD! And yes this is a investment site for IRAQ so you answered your own dumb ass question I come here because I’m invested in iraq! A$$#0le!

  41. 2collectdinar June 29, 2014 at 3:47 pm #

    And I’ve never came on and told anyone to buy anything! So stop lying on people stew your a sad excuse for a person and anyone following behind being your yes man!

  42. Barry June 29, 2014 at 6:33 pm #

    “2collectdinar”, You already posted the same stupid “cut and paste” trolling which was thoroughly debunked on the other thread:-
    http://www.iraq-businessnews.com/2014/05/27/two-convicted-in-dinar-scheme/comment-page-1/#comment-467864

    As it was the time before, and the time before that on 2 other topics in the past…

  43. nemesis June 29, 2014 at 11:17 pm #

    Due the situation in Iraq the non stability of Baghdad government its amazing that somebody as this individual (2collect) still proclaiming that so cal IQD has any future. People are you insane? Go in Iraq and observe, if you have guts. IQD and all Iraq infrastructure build by Bechtel is dead! This dinar is finish, face the reality.

  44. nemesis June 30, 2014 at 12:00 am #

    2collect this is a Iraq today!
    http://www.reuters.com/article/2014/06/29/us-syria-crisis-iraq-idUSKBN0F40SL20140629

    Deal with it.

  45. nemesis June 30, 2014 at 12:07 am #

    2collect this is a Iraq today!
    reuters.com/article/2014/06/29/us-syria-crisis-iraq-idUSKBN0F40SL20140629

    Deal with it.

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