In Iraq, the dinar is used.
Dinar is currently the world’s highest currency per unit value (), so the largest is only 20 denominations, the smallest is a quarter dinar, 1 dinar is about 22.7166.
The dinar is legal tender issued by the Central Bank of Iraq. The unit of the Iraqi token is the Feal. One dinar can be exchanged for 1,000 feal.
The Iraqi Dinar (Arabic: ? ? ? , Kurdish: ? ? , Iraqi Dinar original symbol: ID standard symbol: IQD) is the currency of Iraq.
Issued by the Central Bank of Iraq.
A unit of feir. 1 dinar =1000 feir.
After the collapse of Saddam Hussein’s regime in 2003, the new government also issued new dinar notes to replace the old ones bearing Saddam’s face.
The Iraqi dinar, the only legal currency in Iraq, officially had a ratio of 1:3 before the 1991 war.
After the 1991 war, the value of the Iraqi dinar plummeted because of a UN ban.
Today, the Iraqi dinar exchange rate has risen, from its original nadir of 3,000 Iraqi dinars to $1 to about 1,400 Iraqi dinars to 1,500 dinars to $1.
In October 2003, the U.S. -installed interim government in Iraq introduced a series of new Iraqi dinars in denominations of 50, 250, 1000, 5000, 10,000 and 25,000 dinars, with the 500 dinar introduced in October 2004.
The 25 and 100 dinars were introduced in 2007.
These new Iraqi dinars have completely replaced the old versions of Saddam Hussein’s regime, and the new Iraqi dinars have a higher security factor than the old ones, including many visible and invisible security signs.
