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Despite the collapse in the value of the Iraqi dinar, the highest denomination printed until 2002 was IQD 250. In 2002, the Central Bank of Iraq issued an IQD 10,000 banknote to be used for "larger, and inter-bank transactions".
In 1876, state notes were introduced in denominations of 1, 5, 10, 50, and 100 dinars. The Chartered National Bank followed these notes from 1884, with notes for 10 dinars backed by silver and gold notes for 50 and 100 dinars. Gold notes for 20 dinars and silver notes for 100 dinars were introduced in 1905.
The Iraq Currency Board pursued a "conservative monetary policy, maintaining very high reserves behind the dinar", which was "further strengthened by its link to the British pound". [4] In 1949, the currency board was replaced by the National Bank of Iraq, which had been founded two years before on 16 November 1947.
On 1 April 1965, the South Arabian Currency Authority introduced notes in denominations of 250 fils, 500 fils, 1 dinar, and 5 dinars. A 10 dinar note was issued on 1 July 1967. [ 1 ]
The market exchange rate for Saddam dinars to Swiss dinars remained around 100:1 from 1998 to January 2002, but as the invasion ensued, the Kurdish currency appreciated to 300:1, and subsequently fell to 250:1.
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Despite not being pegged to the newest currency, the previous dinar did not fall further in value, remaining at about 12 million "1994" dinar to the novi dinar. [19] The overall impact of the hyperinflation was that 1 novi dinar equalled approximately 1.2 × 10 27 third (hard) dinara from before 1990, 1.2 × 10 29 Federation dinara, or 2.4 × ...
Older $50 bills carry a lot more value than that, but good luck finding one. A separate guide on the U.S. Currency Auctions (USCA) website listed prices as high as $65,000 for a rare 1875 $50 bill ...
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