How To Avoid The Risk Of Counterfeit Iraqi Dinar Investment
How can you check the validity of Iraqi dinar? What are the security features that you need to check before making an investment? What are the points of verifying its legitimateness if you have already purchased IQD notes? As Iraqi dinar has been an ever growing currency and mostly people want to invest their money in such type of lucrative currencies.
Both the country and its currency are doing a lot of effort to develop after the war. Right after the war,
Before you make an investment in the Iraqi Dinar, remember that investment in this currency grow to be more popular, so there will be a lot more risk of scammers. In this article we'll talk about the actual methods so that you can rightly check the legitimacy of IQD
1) Must check the legitimacy before buying IQD.
2) IQD is printed by “De La Rue” British firm. This firm also prints more than two hundred currencies of the world and they are fully aware about the sensitivity of this work.
3) Each and every IQD note has unique safety features which are not possible to copy.
Key security features of IQD:
Denominations: One of the simplest aspects to check out when buying is the denominations. The Dinar has only six denominations like twenty two hundred and fifty, one thousand, five thousand, ten thousand, and also twenty five thousand notes are now on the market that you can buy. If somebody offers you that they'll give you the note of fifty thousands worth, they're a fraud. Because in this way you are receiving the old notes before 2003 and these old currency notes printed with Saddam Hussein photo.
Watermark: Most of the foreign currencies have watermark sign. With IQD, the best way to view watermark is to keep them up to a light and then you can see the picture of a horse’s head on IQD note.
Serial Numbers: Each and every currency note have a specific serial number. The serial numbers in IQD notes are in Arabic. It is very important to check that no numbers are repeatedly published which would show that one or both of the repeat number note are fake. If you do not Arabic, just make sure there isn't any duplicated design.
Security Cord: A small security cord is embedded in IQD notes. You can also check this one so as to verify its authenticity.
Ultra Violet Attribute: If you're interested in currency trading business then you need to buy UV light to check the validity of currency. Because so many currencies have an Ultraviolet attribute. As for IQD, it also has UV feature. When you hold the Ultraviolet light down on the IQD note, you can see a specific portion of its shine. In this way you can determine either the note is fake or real one.
It is best to purchase a small amount of currency at first and then make big investments. Furthermore, always pay out with a credit card so that so you've got a proof of buying if you get a pack of bogus notes. By knowing more about the Iraqi Dinar and being familiar with the right way to purchase Iraqi dinar, you will be confident when investing in this potentially profitable currency.