- Monetary unit:
- Country code:
- Iraq, Republic
- New Dinar Iraq
- of 437 072 sq. km
- Arabian (state), Kurdish, etc.
- IQ (IRQ) 368
Two currencies act on territories of Iraq - old and new dinars. The old dinar has still such name, as Saddam's dinar. They have been manufactured after the first war in Persian gulf, and on their face side Saddam Hussein's portrait is seated. Dinars of a back issue are in the universal circulation basically in territory of self-contained area in the north of Iraq - Kurdistan. They have received one more name - the Swiss dinars. In 2003 the new dinar Iraq, which symbol - NID has been manufactured.
One dinar Iraq makes 25 000 Iraq dirhams.
Among paper moneys in circulation there are denominations of denomination of 50, 250, 500, 1000, 5000, 10 000 and 25 000 Iraq dirhams. The dinar exchange rate does not differ stability.
Dinars Iraq with Saddam Hussein's portraits since January, 15th, 2004 have ceased to represent itself as a lawful legal tender. On change notes with the plotting of places of interest of the country, landscapes and historical figures have been manufactured. On an exchange of denominations of former issues term in three months has been granted the population.
Unlimited importation of foreign money Is authorised. To remove the native currency it is possible only in case the sum does not exceed 25 dinars. It is forbidden to import the Israeli currency.
As bank and financial systems of Iraq are in a reduction stage, to carry out an exchange of foreign money for the domestic currency and on the contrary it is possible only in the markets of the country or in specialised exchange offices.
Primary colours of the note in 1000 dinars Iraq - yellow and brown, on face side the gold Arabian coin (dinar), on the back - University Mustansirija in Bagdad is represented. The size of a denomination - 142 x 66 mm.
It is updated 04.2012