Since the begining of September Iraq's Central Bank has been decreasing the exchange rate thus increasing the value of the dinar. Right now the exchange rate for retail bank customers is around 1300 dinar per dollar...still a great deal.
There has been serious talk from Iraq concerning returning their currency to prior levels and comparable to their neighbors. So the Revalue could be anywhere from $.33 to $1.00 per dollar. So a $100 dollar investment now could be worth $429 to $1300 in the not-to-distant future. At Chase a Million Dinar right now is only $767 dollars Something to think about!
Because of the violent situation in Iraq, improving the economy by lowering the infation rate (now about 50%) by revaluing the currency is a priority.
Official Exchange Rate 11/23/06 1441 NID = 1 USD PREVIOUS RATES 11/22/06 - 1444
11/21/06 - 1446
11/20/06 - 1449
11/19/06 - 1452
11/16/06 - 1454
11/15/06 - 1455
11/14/06 - 1460
11/09/06 - 1465
11/08/06 - 1466
11/07/06 - 1468
11/02/06 - 1470 Central Bank of Iraq
Chase Bank exchanges Iraqi Dinar (I buy from CHASE 2-Day turn around). Just go to the Teller say 'you want to order Foreign Currency ~ Iraqi Dinar'
I'm told Compass Bank deals in dinars too. Otherwise you have to order from a private dealer online...which can be real headaches (I know!). There is a Rumor that Bank of American will be exchanging Dinar soon too
Lots of good info can be found here http://www.investorsiraq.com/index.php