If you are interested in traveling to Iraq, or simply want to learn a bit more about the country, chances are you will need to know about their form of currency. The Iraqi dinar is the official form of Iraqi currency, and introduced into circulation in 1932.
The iraqi dinar conversion is for every one American dollar, your exchange rate is 1163.00 Iraqi dinar. In 2002, the Central Bank of Iraq issued a 10,000 dinars banknote to be used for “larger, and inter bank transactions. Banknotes that were issued between 1990 and October 2003, along with a 25 dinars note issued in 1986, bear an idealized engraving of former Iraqi President Saddam Hussein.
If you are traveling to the country, it is important to check for the authenticity of the Iraqi dinars you are receiving. When evaluating Iraqi dinars, first look for the horse head watermark. Hold the iraqi dinars up to a bright light source and the image of a horse head should clearly appear. You should also look at the top left hand corner of the back of the dinar, for an image of a dove printed in metallic ink.
Finally, check that the Iraqi currency you are dealing with has a unique serial number. Every dinar is uniquely numbered in East Arabic script. If the currency lacks any of these attributes, it is likely counterfit.
Whether you are traveling to the country or just seeking information on how to buy dinar, it is important to be informed about the countries’ currency. There are a ton of great resources available online for everything from exchange rate to how to spot a fake note.