Does Wells Fargo sell the Iraqi Dinar? May 10 2017

Does Wells Fargo Sell The Iraqi Dinar?

We get a lot of calls from customers inquiring as to whether Wells Fargo sells the Iraqi Dinar. Currently very few banks buy or sell Iraqi Dinar. To our knowledge none of the major national chain banks sell the Iraqi Dinar. You may be able to find a smaller community bank, credit union, or currency exchange near you who buys and/or sells Iraqi Dinar. 

A few years back most of the major banks were selling Iraqi Dinar. Fifth Third Bank, Wells Fargo, Chase, all sold the Iraqi Dinar. Several years ago most of them stopped selling the Iraqi Dinar.

Many banks are getting away from selling foreign currencies period, even the more common ones. In the past banks would provide foreign currency as a courtesy to their customers traveling, however that is not the banks specialy, it's costly for them to order and get special shipments, and honestly most tellers aren't that knolwedgeable about foreign currencies as they rarely deal with them. Many banks have begun sending their customers to local currency exchanges instead.

This is especially the case with the Iraqi Dinar. Currently nobody for the most part is traveling to Iraq for vacation, business or spring break so it's not something they really need to do. Also because many Dinar buyers purchase on a regular basis it was becomming a hassle for them to place small weekly orders for the same customers who clearly are not traveling to Iraq but just collecting the currency.

So, the moral of the story is this. If you're looking to buy or sell Iraqi Dinar, your best bet is to check your bank, but more than likely you'll need to deal with a currency broker or dealer.

As far as Wells Fargo buying and/or selling Iraqi Dinar. Many people claim they do, however to our knowledge they are not, and bankers have told us they have no plans to in the future.

If you're looking to buy or sell Iraqi Dinar you can always contact us.