Hobbies And Interests
Gulf War Effects
Following the first Gulf War in 1991, new notes were printed due to an economic blockade and the loss of previous printing technology. Because dinars were printed in mass quantities, the note became greatly devalued. By 1995, the value had shrunk to 3,000 dinars for every American dollar.
Post-Iraqi Freedom
After Saddam Hussein was removed from power in 2003, new notes with his face on them were printed until a new note could be produced. The dinar appreciated from 4,000 per U.S. dollar to as high as 980 per U.S. dollar. Later, the International Monetary Fund set the rate at 1,170 dinars per American dollar, making 25 dinars worth about two cents.
Dinar Divisions
Just as the U.S. dollar is divided into 100 cents, the Iraqi dinar is also divided into smaller units. The dinar is worth 20 dirhams and 1,000 fils.
Dinar Notes History
In the early days of the currency's history, dinars were issued in denominations of 100, 10, five, one, one-half and one-quarter. The production of the 100-dinar note ceased in the 1940s, and the 25-dinar note was introduced in 1978. The 100-dinar note was brought back in 1991, along with a 50-dinar note. This was followed by a 250-dinar note in 1995 and a 10,000-dinar note in 2002.