Interesting History On The Iraqi Dinar

Value of dinar to us dollar

The dinar vs US dollar debate has been a small one. Since Iraq has few exports other than oil which is sold in dollars there is little demand for Dinars and they remain in exotic status. The dollar seems superior in many ways, yet the dinar holds a lot of interesting history.

In 1991 new notes were introduced. The 50 and 100 dinars were followed by the 250 dinar notes in 1995. Finally, the 10,000 dinar note followed up in 2002. With the newer notes, dinar to dollars became a little easier to manage. As did business and dinar trading.

The notes themselves have also undergone changes. The banknotes that were issued between 1990 and October of 2003, along with a 25 dinar note issued in 1986 bear an idealized engraving of former Iraqi President Saddam Hussein. For this reason they have seen aesthetic changes as well.

The dinar has also undergone changes for other reasons. For larger and inter bank transactions, the Central Bank of Iraq issued a 10,000 dinar banknote in 2002. The iraqi dinar has also gone through name changes. Currency printed before the Gulf War was called the Swiss dinar. It got its name from the Swiss printing technology that it was printed on.

As far as the dinar vs US dollar goes, the dollar may seem like a better, more stable currency, which is fine. However when it comes to history and interest in a currency, the dinar has much to offer up. Find out more at this site:

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