Friday, June 3, 2011

Iraq 250 Dinars (2002)

The dinar is the currency of Iraq. It is issued by the Central Bank of Iraq and is subdivided into 1,000 fils (فلس), although inflation has rendered the fils obsolete.

The dinar was introduced into circulation in 1932, by replacing the Indian rupee, which had been the official currency since the British occupation of the country in World War I.

Banknotes that were issued between 1990 and October 2003, along with a 25-dinars note issued in 1986, bear an idealized engraving of former Iraqi President Saddam Hussein.

Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed by De La Rue using modern anti-forgery techniques, to "create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives". Old banknotes were exchanged for new at a one-to-one rate.

Obverse: Saddam Hussein

Reverse: Rock Dome

Thanks to a trader from Chatuchak Market, Bangkok, Thailand.