Archive for June 13, 2013
Other than oil, Iraq has few exports other than oil, which is sold in dollars. So there is little demand for dinar notes and their status remains “exotic.” However, the combination of “exotic” status and the many dinar notes that are available, including the 500 note that was issued in 2004, means that many people who collect currency will want to add Iraqi dinars to their collection. If collecting Iraqi currency does not seem like fun, then individuals might want to purchase some pottery supplies and begin a new hobby. Though having the right pottery supplies will not make someone an effort, it will allow them to enjoy a fun hobby that is a nice alternative to collecting. In their free time, many individuals will want to make art. While some will prefer painting, photography, or even sculpting, many will purchase some pottery supplies like clay and a kiln in order to make beautiful items. Sitting at the wheel and relaxing while throwing clay is a great way for individuals to spend their free time. And, because it is challenging, the process of making great pottery can be a rewarding process, especially for those who take the time to master their craft. However, without the right pottery supplies, even individuals who have lots of skill and experience will struggle to make great art. The National Bank of Iraq issued banknotes from 1947, but after 1954, the Central Bank of Iraq began doing so. This time period might have created some unique or different notes, an might have had an impact on Iraqi dinar value. While many might have used the dinars to buy pottery supplies and other items, there were all kinds of transactions that required larger bills that were also happening. In fact, in 2002, the Central Bank issued a 10,000 dinar not that could be used for “larger, and inter bank transactions.” While the amount of pottery supplies that could be bought with those bills might vary from place to place, the fact that they are a great item for collectors should remain constant. Over the years, Iraqis have used all kinds of bills to purchase pottery supplies and other items that they use. The 50 and 100 dinars notes were introduced in 1991, and, in 1995, the 250 dinars notes were introduced, before the 2002 introduction of the 10,000 dinars note. Nowadays, it is not likely that individuals, especially collectors or others in the U.S. or other countries, to use those dinars to buy pottery supplies. However, they do make great collectors items and are necessary for individuals who want to round out their collection of foreign currencies. More on this topic.