Iraq Coin List

The official currency of Iraq is the Iraqi dinar, which has experienced a turbulent history over the years. This monetary system has witnessed numerous political and economic changes in the country, reflecting Iraq's complex history.

Current currency in circulation

The current Iraqi dinar was introduced in 2003, after the fall of Saddam Hussein's regime. The denominations in circulation include bills of 250, 500, 1000, 5000, 10000, 25000 and 50000 dinars. Coins, although they exist, are little used in daily life due to their low value. The Central Bank of Iraq is responsible for issuing and regulating the currency, working to maintain economic stability in a challenging environment.

Monetary history and relevant facts

Prior to the modern dinar, Iraq used the Indian rupee and Turkish lira during Ottoman rule. The first Iraqi dinar was introduced in 1932, following the country's independence. A significant milestone in Iraqi numismatics was the issuance of the "Swiss Series" in 1971, known for its high quality printing. During Saddam Hussein's regime, banknotes featured his portrait, a practice that was abandoned after 2003. Hyperinflation in the 1990s, caused by international sanctions, led to the introduction of high denomination banknotes, marking a tumultuous period in Iraq's monetary history.