Over a certain amount of profit, you are required to pay taxes on the change in value of your Iraqi Dinar purchase. The amount of taxes you must pay depends on your individual tax rate and the length of time you have held the dinar. It is important to contact a competent accounting when determining what you are required to pay. As of 2010, DinarBanker is not required to report any information to the US Treasury Department (IRS) regarding individual domestic US sales or purchases of Iraqi Dinar as long as the transactions are not cash for cash transactions. Check and wire purchases/sales within the United States are not reported. For international transactions over $10,000, DinarBanker must report the transaction on a FinCEN 105.