Given our long history of proactively working with federal authorities, Sterling Currency Group was completely surprised by the recent federal complaint and strongly denies any allegations of wrong doing.

Sterling has been in business as a currency exchange company since 2004 and in that time has conducted millions of exchange service transactions with nearly 200,000 customers, all the while maintaining an "A" rating with the Better Business Bureau.

Sterling has spent millions of dollars and logged thousands of hours to ensure complete compliance with statutes and regulations in all 50 states as well as with the federal government. Additionally, the company has also proactively sought independent audits and inspections since 2007. It has requested and participated in meetings with officials from multiple federal agencies to ensure all actions of the company are above reproach.

The company has been registered with the United States Department of the Treasury, through the Department's Financial Crimes Enforcement Network (FinCEN) bureau, as a Money Service Business since 2006, and thus has participated in on-site examinations by FinCEN on several occasions.

Despite the statements in the civil complaint, every single business related to the owners of Sterling Currency Group is legitimate and is compliant with all state and federal laws.

Finally, we believe the record will show that representations made about internal communications between employees at Sterling in the civil complaint filed by the federal government are inaccurate and taken out of context.
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Iraqi Dinar


What is the Iraqi Dinar?


The dinar (IQD), sometimes known as the New Iraqi Dinar, is the currency of Iraq. The Central Bank of Iraq (CBI), established in 2004, issues paper notes in 50, 250, 500, 1,000, 5,000, 10,000 and 25,000 denominations. It is printed by the De La Rue Company in London and employs many modern ant-forgery components. The notes picture historical figures as well as both ancient and modern landmarks. Security features added to the dinar to prevent counterfeiting include a watermark, metallic ink, a built-in security thread, a color-changing symbol and an ultraviolet-activated section that glows to display the correct denomination. There is not a set international exchange rate; therefore, the dinar is not yet exchanged at international banks at this time.

 

Iraqi Dinar


History of the Dinar
During the time that Iraq was a part of the Ottoman Empire, the Turkish pound and several other European currencies were circulating simultaneously. After World War I, India’s rupee became the official currency of Iraq until 1931, when it was replaced by the dinar. At that time, the dinar was pegged to the British pound on an equal par. In 1959, the dinar was pegged to the USD at a rate of 1 dinar to 2.8 USD.

After the first Gulf war in 1991, the Swiss printing technology used became unavailable and new, inferior banknotes were produced. The older “Swiss dinar” continued to circulate in the Kurdish region of Iraq. Because the government at that time printed such a large quantity of the new notes, the dinar was devalued and in 1995 $1 was equal to 3,000 dinars. The banknotes issued between 1990-2003 are known as “Saddam notes” and bear a likeness of the country’s former president, Saddam Hussein. This currency was printed locally and in China and was printed using a quality using poor grade wood pulp. Following the 2003 invasion of Iraq, the Iraq Governing Council printed more Saddam notes in an attempt to maintain the country’s money supply until the new currency could be introduced.

Economy of Iraq An oil-rich nation, Iraq has an economy that is dominated by the oil sector, which provides over 90% of government revenue. Despite the many challenges the country faces in its economic development, it is anticipated that Iraq will be one of the fastest growing economies in the world in 2012, as noted in The Kiplinger Letter of December 30, 2011.

Why Buy Dinar from Sterling Currency Group?
Sterling Currency Group has extensive contacts in the Middle East and offers customers the best value and customer service in the industry. We include a Certificate of Authenticity with every purchase and our Iraqi Dinar is In Stock for quick shipping. We strive to make your purchasing experience the best one possible, whether you are a repeat customer or a first-time buyer.

 

Sterling Currency Group knows you care how your information is used, and we appreciate your trust that we will use it carefully and sensibly. This notice describes our privacy policy.
By visiting us and placing an order, you are accepting the privacy policy described below.

1. What Personal Information Do We Collect?
- Information You Provide. We receive and store information you enter (for example, when you search for or buy a product, or when you supply information such as your address, phone number or email address). We use the information that you provide for such purposes as responding to your requests, improving our website, and communicating with you.
- Cookies. Like many websites, we use "cookies." Cookies are small programs that we transfer to your hard drive that allow us to recognize you and to provide you with a customized shopping experience. If you do not want us to use cookies, you can easily disable them by going to the toolbar of your web browser and clicking on the “help” button. Follow the instructions that will prevent the browser from accepting cookies, or set the browser to inform you when you receive a new cookie. In addition, you may visit this and other websites anonymously through the use of utilities provided by other private companies.
- Other Information: Every computer has an IP (Internet Protocol) address. IP addresses of computers used to visit this site are noted. In addition, we automatically collect other information such as email addresses, browser types, operating systems, and the URL addresses of sites clicked to and from this site.

2. How Do We Use Your Information?
- Special Offers. We or our affiliates may send you special offers and notices from time to time.
- Law Enforcement. If we receive a lawful court order to release account or other personal information then we will comply with the law. We will also release information when necessary to protect the life, safety or property of others. This includes exchanging information with other companies and organizations for fraud protection and credit risk reduction.

3. How Do We Protect the Security of Your Information?
- We work to protect the security of your information during transmission by using Secure Sockets Layer (SSL) software, which encrypts information you input.
- We use encryption to protect your information contained in our customer list.
- We use a firewall to protect against unlawful intrusion.
- We limit access to your information on a “need to know” basis.
- It is important for you to protect against unauthorized access to your password and to your computer. Be sure to sign off when finished using a shared computer.

4. Children
We do not sell products or services to children. If you are under 18, you may use this site only with involvement of a parent or guardian.

5. Other Websites
Various websites may be linked to from this site (i.e.; Better Business Bureau, CBI, etc). If you link to another site, your privacy depends on the policy of that site. We strongly urge you to check their privacy policy. Not all sites guarantee that they will not share your personally identifiable information with others. You may also wish to consult privacy guidelines such as those recommended by the Online Privacy Alliance (www.privacyalliance.org).

6. Contact Us
If you would like to learn more about our privacy policy you may contact us at (888) 346-2771. We reserve the right to modify this policy in the future.