The Iraqi Dinar is the currency of Iraq. It is pegged against the US Dollar. There are 1000 Fils in 1 Dinar but due to high inflation Fils are no longer in circulation. The banknotes in circulation are 50, 250, 500, 1000, 5000, 10000 and 25000 Dinars. The coinage in circulation 25, 50 and 100 Dinars.
Prior to the Gulf War the Dinar was sometimes referred to as the Swiss Dinar because it was printed in Switzerland. During the 1990’s, following the first Gulf War, bank notes were printed in China with a low quality paper and wood pulp rather than the cotton or line paper that was used by the Swiss. This actually lead to counterfeit banknotes being better quality than the real banknotes.
Since 1932 the Iraqi Dinar has been the official currency of Iraq. Prior to this, and following World War I, the British occupied Iraq and implemented the Indian Rupee as the official currency.
- fils (100)
- Central Bank of Iraq