BuyIQD.Com Blog

Iraqi Dinar Shortages Leave Many Sellers Out of Stock February 17 2018

Dinar Shortages Leave Many Sellers Without Stock

For the past few weeks the Dinar supply has made acquiring Iraqi Dinar on the wholesale markets tougher and tougher. In December and January dealers seemed to have a supply of Dinar, though many were limited to only circulated Dinar.

We've been hearing from our larger brokers and wholesalers that Dinar is getting tougher and tougher to come by, especially Uncirculated Dinar.

The past couple weeks however things have gotten even tighter. Most of our wholesale suppliers lately are completely out of Dinar while others are only able to give us a limited amount at a time, oftentimes not in the condition or specific denomination we would like to order.

You may have noticed that many other Dinar sellers are completely out of stock or are currently backordered on Iraqi Dinar in some or all denominations.

At this point in time we are fairly well stocked and should be for the next couple weeks. We did recently have to hike our prices a bit. Traditionally we have always sold a full Million Dinar at $969, however due to recent shortages and an increase in pricing on the wholesale market we've had to raise our price on a full million to $1075.

We are still competitively priced. We are one of the few sellers who are able to accept credit and debit card payments which for our customers is both cheaper and more convenient, however it costs us about 3 times the standard rates of for credit card processing so we absorb most of those costs on our customers behalf.

If you're ever looking for deals feel free to call us at 1-800-884-1288. If you make payment for your order by cashiers check or bank wire we can offer discounts as it saves us a significant amount by us not having to absorb the merchant processing costs and we are happy to pass those savings along to you.

Thanks for your continued business and support and we'll keep you updated on the Dinar supply situation currently going on. 


List of Banks that Buy and Sell Iraqi Dinar October 13 2017

List of Banks that Buy and Sell Iraqi Dinar

Lately we've been asked by many of our customers if there is a list of banks which buy and sell the Iraqi  Dinar. We've also noticed an increasing number of internet posts asking the same thing.

While years ago many larger national chain banks such as Bank of America, Chase, Wells Fargo, and Fifth Third bank both bought and sold the Iraqi Dinar, these days few banks are dealing with the Dinar. We have confirmed a few Citi Bank branches are dealing with Dinar but they are not as widely available as many of the other banks, however if you have one near you, you may want to give them a call.

Aside from that, despite many people online claiming that Wells Fargo and other banks are buying or selling Dinar, we havn't been able to confirm that as all branches we've checked with have said no.

Why Aren't Banks Buying and Selling Dinar?

Many banks these days are getting away from foreign currency or FX period. Many banks are simply referring customers over to companies like Travelex. By the way, Travelex doesn't deal with the Iraqi Dinar. 

The same way banks are getting rid of their coin counting services, foreign exchange services were a courtesy banks offered to customers for many years, but are getting away from. 

The few remaining banks which do deal with foreign currency often aren't dealing with the Iraqi Dinar as they know nobody is traveling to Iraq for Spring Break. When banks offer foreign currency services they do it as a courtesy or convenience for their customers. They typically don't make much money if at all, and oftentimes it may even cost them money having expensive and unnecessary Brinks deliveries for some guy who wants $100 worth of Iraqi Dinar each week. 

While some banks may still allow you to grab some Euros or Mexican Pesos for your upcomming vacation, most are not going to be too keen on ordering $100 worth of Dinar for you on a weekly basis and therefor most are not offering Iraqi Dinar.

We have spoken to some of our customers who have smaller community banks and credit unions near them willing to buy or sell Dinar but those tend to be few and far between and the majority seem to be in Texas.

If you're looking for banks who will buy your Dinar or sell your Dinar your best bet is to either see if you have a local Citibank Branch or call around to some local credit unions or smaller community banks.

Your other alternative is to buy from or sell to a Dinar or currency dealer such as ourselves or others which you can find online. If you're looking to buy feel free to browse our products. If you're looking to sell feel free to fill out our selloff form. And as always, if you have any questions or need assistance feel free to call us at 1-800-884-1288.


3 Reasons BuyIQD.Com is the Best Place to Buy Iraqi Dinar September 28 2017



Buy Dinar Online vs. In Person September 26 2017

Buy Dinar Online vs. In Person

If you're looking to purchase Iraqi Dinar you have the option of purchasing it online or in person, however there are going to be fewer options to buy Dinar in person, so you're best bet is online.

If you're looking to purchase Iraqi Dinar online you have dealers or brokers such as ourselves. Do your research before buying. Make sure whomever your buying from is Treasury Registered and has a good reputation. You can check this by Googling the dealers company name or site and seeing if any negative forum comments or anything of that sort comes back. 

In addition to purchasing from online dealers such as ourselves some people choose to buy on eBay. There are some good deals to be had as some people are selling off their personal Dinar, so you're essentially cutting out the middle man and can definately find some deals. That said it seems eBay is slowly phasing out their currency sales, especially the Iraqi Dinar so where as years ago you would find thousands of listings, these days your going to find much less. While deals can be had some eBay sellers are a little less than professional taking a long time to ship or never shipping at all. Now your safe, you're covered by eBay and Paypal's buyer protection program but it's a hassle none the less.

If you're looking to purchase Iraqi Dinar online is very safe if you deal with a reputable dealer. Obviously we would prefer you buy from us but most of the common names you see on the forums such as Worldwide Collectibles, Currency Liquidator, Safe Dinar, XChange of America, etc are all legitimate sellers. One perk about purchasing from us is we ship same day until 4PM Central time and we accept credit and debit cards unlike a lot of the other sellers.

If you have any questions or would like to place an order feel free to call us at 1-800-884-1288.


Where Can I Sell My Zimbabwe Dollars? September 25 2017

Where Can I Sell My Zimbabwe Dollars?

Do you have some Zimbabwe Dollars sitting around in a drawer somewhere that you're looking to sell? 

We can help you turn that Zim into Dollars. We buy in Zimbabwe Dollars just like we do Iraqi Dinar and other currencies. If you have smaller amounts of Zim we are mainly interested in the 100 Trillion and 50 Trillion notes. If you have smaller amounts we are really only interested if you have larger amounts ie full bundles of 100 or more. 

The process is very similar to how we buy in Iraqi Dinar. You can either fill out the "Sell us Your Currency" tab on the top of the site, you can call us at 1-800-884-1288 or you can e-mail us at GetDongNow@yahoo.com.

Let us know what you are looking to sell and we'll promptly get back to you with a quote, our address, and a selloff form. We ask that you fill out the selloff form, package up the notes well so they aren't damaged during shipping and mail it off to us.

We process buyins/selloffs same day Monday through Friday, we are not in the office on the weekends. Typically we will have a check out to you same day as long as your package arrives before 4PM Central time. 

As far as how we ship your check out you have two options. We'll ship your check free of charge via USPS Priority Mail which takes 2-3 days. If you prefer to have the money faster we can upgrade you to Fedex Overnight. The cost for that is $25 and we can deduct it from the balance owed to you. 

If you have any questions or are interested in selling get in touch. 


Sell Your Zimbabwe Dollars August 30 2017

Sell Your Zimbabwe Dollars

Looking to sell your Zimbabwe Dollars? We buy 100 Trillion and 50 Trillion denomination Zimbabwe Dollars. 

We also buy smaller denominations if you have larger quantities ie a full bundle of 100 notes or more.

If interested in selling your ZImbabwe Dollars you can fill out our selloff form or call us at 1-800-884-1288.


Can I Buy Iraqi Dinar With Bitcoin? August 23 2017

Can I Purchase Iraqi Dinar With Bitcoin? 

As Bitcoin seems to continue to gain mainstream acceptance and become more widely known about and used we've been fielding more and more questions regarding whether Iraqi Dinar can be purchased with Bitcoin.

What is Bitcoin?

Okay, so we'll assume most of you are at least familiar with the term and vaguely familiar with the concept. Bitcoin is a digital currency or cryptocurrency based upon a mathematical formula. It's a decentralized currency not controlled or created by a central government or central bank. The proponents of Bitcoin say this is a good thing as money can't be printed out of thin air. There's a finite amount which in the case of Bitcoin happens to be 21 Million.

While some people say it's fake internet money and compare it to the Beanie Baby or Tulip crazes of the past, Wall Street and even the formal banking system is beginning to adop both Bitcoin as well as the blockchain technology it runs on. 

Overstock.Com accepts Bitcoin as well as over 40 other major altcoins or alternative cryptocurrencies to Bitcoin. 

Cut to the Chase, Can I Buy Dinar with Bitcoin?

While we have been seeing increased interest in Bitcoin and cryptocurrencies as a payment method, at this time we are not yet offering Bitcoins as a payment method to purchase Iraqi Dinar and other banknotes.

Due to the nature of our industry both banking relationships as well as payment processing relationships are unique and are industry has unique challenges. Mainly due to this, as well as due to additional compliance challenges cryptocurrency brings, at this time unfortunately we are not able to accept Bitcoin as payment. 

We checked to see if any other sites or any of our competitors are accepting Bitcoin and again at this time it doesn't seem like they are.

Make Sure You Deal With Trusted Sellers

Through our research we did find one particular seller accepting Bitcoin for the purchase of the of the banknotes we sell, and while we wont' call them out by name, this seller is from all reports a scammer. 

This brings up an interesting point and an interesting challenge. Bitcoin payments or transfers are not reversible. Unlike traditional credit or debit card payments where if you order something and it's not delivered your credit card company or bank will help you recover your funds, with Bitcoin there is no chargebacks nor is there any central authority who can help you. With Bitcoin you are your own bank and with great freedom comes great responsibility. 

The reason we mention this is if you use Bitcoin, make sure you research who your buying from as well as that you trust the seller because there is no getsies backsies. 

 

Where Can I Buy Bitcoin? 

Okay so with all this talk of Bitcoin maybe you're curious about it. There are a number of services and exchanges you can purchase Bitcoin from. Probably the most common one for new people entering the market is Coinbase. Coinbase is a federally and state regulated exchange who is bonded and insured. They are one of the few if not the only exchange which to date hasn't been hacked. They make the process of purchasing Bitcoins very simple and easy. You can buy with a credit card, debit card, or an ACH bank transfer which can be initiated through the site. Coinbase also offers 2FA authentication which helps to keep your account even more secure. Coinbase does a great job of providing a seemless user friendly interface and offers an easy way to get into Bitcoin and cryptocurrency.

There are other exchanges, as well as peer to peer services like LocalBitcoins and Craigslist which allow you to purchase from individuals, however typicallyl at a bit of a markup, and a new user could easily be taken advantage of. 

 

Wrapping Up

While we don't currently offer Bitcoins as a form of payment, we are a bit more convenient than many other sellers in our space. We are one of the few sellers who accept credit and debit card payments in addition to the bankwires, cashiers checks and money orders accepted by many of our competitors. 


What's the Best Iraqi Dinar Note to Buy? July 10 2017

We're often asked what is the best Iraqi Dinar note you to buy?

The answer to that is there is no best note to buy. Some people like the 25,000 notes because they were up until recently the largest and because they were the largest and thus easier to store as there is less notes.

Other people prefer the smaller 5,000 or 10,000 denomination notes, while some buyers especially like the very small 250 and 500 Dinar notes.

Over the years different notes have become the "in" notes to have. Currently the 50,000 note is gaining in popularity as it's both the newest IQD note and the largest. They are however in short supply and few dealers have them in stock and they typically go for a pretty large premium in price because of the scarcity and high demand for them. 

If you're wondering which Iraqi Dinar note to buy the majority of our customers go for whatever is going to get them the most bang for their buck at any given time. Typically that's the 25,000 notes and typically circulated if we have it in stock as we don't always carry circulated. 

Feel free to call us at 1-800-884-1288 to check for special offers and sales. 


Do You Have An 800 Number For Us To Sell Our Iraqi Dinar? May 11 2017

Iraqi Dinar & Zimbabwe Dollar 800 Numbers

At least several times per day we get calls from customers inquring about an 800 number, and to be honest we are a bit confused what most customers are even asking for. People seem to want an 800 number to call to sell their Iraqi Dinar.

We currently buy Iraqi Dinar and will be buying Iraqi Dinar for the foreseeable future. If you're looking to sell your Iraqi Dinar you do not need a special 800 number. You can fill out a Dinar selloff form on our website, or you can call us at 1-800-884-1288 for a free quote.

As of the date of this post we are currently buying in Uncirculated Iraqi Dinar at $700 Per million and circulated Iraqi Dinar at $600 per million. 

If you're looking to buy or sell Iraqi Dinar, Zimbabwe Dollars or other currencies feel free to give us a call. 


Do You Have An 800 Number For Us To Sell Our Iraqi Dinar? May 11 2017

Iraqi Dinar & Zimbabwe Dollar 800 Numbers

At least several times per day we get calls from customers inquring about an 800 number, and to be honest we are a bit confused what most customers are even asking for. People seem to want an 800 number to call to sell their Iraqi Dinar.

We currently buy Iraqi Dinar and will be buying Iraqi Dinar for the foreseeable future. If you're looking to sell your Iraqi Dinar you do not need a special 800 number. You can fill out a Dinar selloff form on our website, or you can call us at 1-800-884-1288 for a free quote.

As of the date of this post we are currently buying in Uncirculated Iraqi Dinar at $700 Per million and circulated Iraqi Dinar at $600 per million. 

If you're looking to buy or sell Iraqi Dinar, Zimbabwe Dollars or other currencies feel free to give us a call.