There are confirmed news items that Iraq did plan to redenominate its currency, but not revalue. 9 In the absence of any revaluation, there is going to be no change in the forex exchange rate of Iraqi dinar IQD (with or without redenomination).

Will the Iraqi Dinar ever increase in value?

There has been an increase in the value of the Dinar; although it has been slow. A true Iraqi Dinar reevaluation does show growth. As the region stabilizes and commerce and industry return the dinar has shown some improvement. Investing in the dinar is a good way to buy low and eventually sell high.

Is investing in Iraqi Dinar a good idea?

If you are considering investing in Iraqi Dinar, consider the risks. Like any investment, there are risks involved and no return on investment is guaranteed. There is also the historical value of the Iraqi Dinar, as we can see from the multiple denominations and imagery on Dinar banknotes.