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The igd values in various countries at present, based on world market price, generally in dollars per troy ounce. This can be found on various websites kitco.com expresses the value in various currencies. However this is not the reality, as the dollar and all currencies are speculative it is only an interim exchange of present currency against gold market value. What is really important is the purchasing power of gold, there are various studies recording what a gold or silver coin could buy or pay for in the days of its use as a currency in common circulation. For example the most often quoted at the early days of Islam is a narration of the purchase of a sheep against a dinar. This study was recently verified to find that a gold dinar weighing 4.25g of gold would buy a sheep in - Mali, Pakistan, Nigeria, Saudi Arabia, Malaysia, Wales (UK), and this was consistent. So the comparison of goods against gold provides a much more accurate representation of its worth, as opposed to paper money. I hope this answers the question.
What else can I help you with?
What is the Dinar exchange to Philippine Peso?
Dinar is a currency unit used by a number of Islamic countries. More commonly it is referred to either Bahraini Dinar or Kuwaiti Dinar. One Bahraini Dinar is equal to 115.8 Philippine pesos and one Kuwaiti dinar is equal to 154.39 Philippine pesos.
Can I have a picture of a Dinar?
Try the link below for the Answers.com page on Dinar. Scroll down and you will see pictures of different countries Dinar (currency similar to the dollar).
What country is the dinar used in?
The dinar is a currency used in 9 mostly Islamic countries but also has a historic use in several more. Many countries use it, including Algeria, Bahrain, Iraq, Jordan, Kuwait, Libya, Macedonia, Serbia and Tunisia. 1 dinar is approximately 0.00086 US Dollars.
Does Bank of America exchange Iraqi dinar?
does bank of America exchange Iraqi dinar, and what is the revalue? and how much is it worth.
What banks exchange the Iraq Dinar?
Banks that exchange the Iraqi Dinar can vary depending on their policies and regulations. In general, larger international banks with foreign exchange services may offer Iraqi Dinar exchange services. Additionally, some local banks in Iraq or banks with specific agreements or partnerships may also exchange the Iraqi Dinar. It is important to check with individual banks to confirm if they offer Iraqi Dinar exchange services and to inquire about their exchange rates and fees.
Where can you exchange the Iraqi dinar?
dinartrade.com
Why can't the Libyan Dinar be traded outside of Libya?
While the Dinar is used in many African and Middle Eastern countries it has different values in each.
In which city would you spend a dinar?
The Dinar is the unit of currency in a lot of different countries: * Iraq * Bahrain * Serbia * Libya * Jordan * Kuwait * Tunisia * Macedonia
What is algerias currency exchange?
The algerian dinar
What is the name of the exchange rate?
Serbian dinar.
What is the exchange rate between Iraqi Dinar and the US dollar as of April 2013?
The current exchange rate between Iraqi Dinar and the US dollar as of April 2013 is 1 US dollar equals 1162.2483 Iraqi Dinar. This rate is based on the April 29 exchange rate.
Where is Dinar News broadcasted from?
Dinar News is a news channel that is broadcasted from New York, Iraq. Dinar Guru News is a website that 'predicts' dinar exchange rate and revaluation.
