Iraqi Dinar Currency |Iraq Dinar Notes Coins

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Iraqi dinar Currency:

Iraqi dinar is the official currency of Iraq and the Central Bank of Iraq issues the dinar. It was subdivided into 1,000 fils, but since 1990, fils are no longer in circulation. In 1932, dinar was first introduced by replacing the Indian rupee at a rate of 1 dinar = 11 rupees. The symbol of dinar is د.ع.

Coins were introduced in 1931 and 1932. Following the establishment of the Iraqi Republic, a new series of coins was introduced. After 1990, due to the emergency conditions generated by Gulf War and international sanctions the coin production ceased. In 2004, The Central Bank of Iraq introduced the new coins in the denominations of 25, 50 and 100 dinar in bronze, brass, and nickel-plated steel respectively.

In 1931 the first bank notes were introduced by the government. Banknotes were issued by the National Bank of Iraq from 1947, then after 1954 by the Central Bank of Iraq. Currently, the bank notes that are frequently used in Iraq are 1,000, 5,000, 10,000, 25,000, 50,000 dinars and the currency notes of 250, 500 dinars are rarely used.

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Iraqi Dinar