The common currency in Iraq is the dinar. Dinar is the main currency with the highest unit currency value (exchange rate) in the world at present, so the largest is only 20 denominations, and the smallest is a quarter of dinar, 1 dinar ≈22.7 166 RMB. The dinar is the legal tender issued by the Central Bank of Iraq. The secondary monetary unit in Iraq is Fer, 1 dinar convertible 1000 Fer.

Brief introduction of Iraqi dinar

IraqiDinar (Arabic: _ _ _ _ _ _ _, Kurdish: _ _ _ _ _ _, original symbol of Iraqi dinar: ID standard symbol: IQD) is the currency in circulation in Iraq. After the collapse of Saddam Hussein's regime in 2003, the new government also issued new dinar banknotes to replace the old banknotes with Saddam's head.

The Iraqi dinar is the only legal tender in Iraq. 199 1 Before the war, the official ratio of the Iraqi dinar to the US dollar was 1: 3. 199 1 After the war, the value of the Iraqi dinar plummeted due to the United Nations ban.

In June 2003, 5438+ 10, the provisional government established by the United States in Iraq introduced a series of new Iraqi dinars, including 50,250,1000,5000, 10000 and 25,000 dinars, of which 500 dinars were introduced in June 2004. The dinar with a face value of 25 and a face value of 100 will also be launched in 2007.