Iraqi dinar (pronounced DI-'nar) the legal currency of Iraq.
Old Iraqi dinars
Iraq dinar was introduced into circulation in 1931 and was in line with the British pound. Iraqi dinar replaced the Indian rupee is the official currency at the time of British occupation in World War II after the 1958 coup, the Iraqi dinar to separate from the British pound, but continued to have very high values.
After the 1991 Gulf War, and because of the economic blockade and unlimited printing of banknotes by the Government, the dinar devalued quickly, and the end of 1995, $ 1 is 3000 dinars.
Banknotes issued between 1990 and October 2003, along with 25 dinar note issued in 1986, bear an idealized engraving of the former Iraqi president Saddam Hussein. After the 1991 Gulf War, Iraq's currency is printed with low grades of paper timber (instead of cotton or linen) and inferior quality lithograph.
Counterfeit banknotes often appeared to be of better quality than the actual notes Despite the collapse in the value of Iraqi dinar, the highest denomination printed until 2002 was 250 dinars.
Currency printed before the Gulf War was often called the Swiss dinar. It was named by the Swiss printing technology that produces banknotes considerably better than those later produced under the economic sanctions imposed after the first Gulf War. After the transfer period, the Iraqi government disendorsed this currency. However, the old currency still circulated in the Kurdish areas in Iraq until he was replaced by new one after the second Gulf War.
New Iraqi dinars
Between 15 October 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar to "create a single currency used in all of Iraq.
Hampshire-based company "De La Rue" published new Iraqi dinars, also known as "post - Saddam" dinars, in England, in six denominations: 50, 250, 1,000, 5,000, 10,000 and 25,000 dinars.
In November 2004 the new 500 dinar note was issued by the Central Bank of Iraq to facilitate transactions in the market. Notes are fine and "Swiss" quality with many security features rendering them difficult to counterfeit, features include watermarks, metallic paint, security thread, ultraviolet images, and raised letters.
The value of the new dinar
Iraq has the second largest oil reserves in the Middle East and the largest reserves of natural gas. The new Iraq will be able to take full advantage of these resources for export sanctions is no longer in place.
As Iraq is welcomed back into the international community value of the dinar should grow a new Iraq. How high? This is what speculate about buying Iraqi Dinars! (And no one dares to guess!)
Read more at http://tampadinar.com
Old Iraqi dinars
Iraq dinar was introduced into circulation in 1931 and was in line with the British pound. Iraqi dinar replaced the Indian rupee is the official currency at the time of British occupation in World War II after the 1958 coup, the Iraqi dinar to separate from the British pound, but continued to have very high values.
After the 1991 Gulf War, and because of the economic blockade and unlimited printing of banknotes by the Government, the dinar devalued quickly, and the end of 1995, $ 1 is 3000 dinars.
Banknotes issued between 1990 and October 2003, along with 25 dinar note issued in 1986, bear an idealized engraving of the former Iraqi president Saddam Hussein. After the 1991 Gulf War, Iraq's currency is printed with low grades of paper timber (instead of cotton or linen) and inferior quality lithograph.
Counterfeit banknotes often appeared to be of better quality than the actual notes Despite the collapse in the value of Iraqi dinar, the highest denomination printed until 2002 was 250 dinars.
Currency printed before the Gulf War was often called the Swiss dinar. It was named by the Swiss printing technology that produces banknotes considerably better than those later produced under the economic sanctions imposed after the first Gulf War. After the transfer period, the Iraqi government disendorsed this currency. However, the old currency still circulated in the Kurdish areas in Iraq until he was replaced by new one after the second Gulf War.
New Iraqi dinars
Between 15 October 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar to "create a single currency used in all of Iraq.
Hampshire-based company "De La Rue" published new Iraqi dinars, also known as "post - Saddam" dinars, in England, in six denominations: 50, 250, 1,000, 5,000, 10,000 and 25,000 dinars.
In November 2004 the new 500 dinar note was issued by the Central Bank of Iraq to facilitate transactions in the market. Notes are fine and "Swiss" quality with many security features rendering them difficult to counterfeit, features include watermarks, metallic paint, security thread, ultraviolet images, and raised letters.
The value of the new dinar
Iraq has the second largest oil reserves in the Middle East and the largest reserves of natural gas. The new Iraq will be able to take full advantage of these resources for export sanctions is no longer in place.
As Iraq is welcomed back into the international community value of the dinar should grow a new Iraq. How high? This is what speculate about buying Iraqi Dinars! (And no one dares to guess!)
Read more at http://tampadinar.com
what was the size of old Iraqi Dinar currency?
ReplyDelete