The New Iraqi Dinar
The Iraqi Dinar is the legal currency of Iraq . Prior to the 1991 war the official rate of the Iraqi Dinar was approximately 1 Dinar to 3 US dollars. The currency's value significantly dropped after the 1991 invasion and United Nations embargo. The value of the Iraqi Dinar has since appreciated from lows of approximately 3,000 Dinar's per US Dollar to between 1,400 and 1,500 recently.
In October 2003 the United States occupation administration authorized a new banknote issue comprised of denominations of 50, 250, 1000, 5000, 10000, and 25000 Dinar
In October 2003 the United States occupation administration authorized a new banknote issue comprised of denominations of 50, 250, 1000, 5000, 10000, and 25000 Dinar
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