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In 2014, Keith Woodwell (director of the Utah Division of Securities) and Mike Rothschild (writer for Skeptoid blog) stated that the speculation over the Iraqi dinar originated from a misunderstanding of why the value of the Kuwaiti dinar recovered after the First Gulf War, leading to an assumption that the Iraqi dinar would follow suit after ...
Journal of the Economic and Social History of the Orient. 2 (2): 128– 161. doi:10.2307/3596018. JSTOR 3596018. Ehrenkreutz, Andrew S. (1963). "Studies in the Monetary History of the Near East in the Middle Ages II: The Standard of Fineness of Western and Eastern Dīnārs before the Crusades". Journal of the Economic and Social History of the ...
The weight of the dinar is 1 mithqal (4.25 grams or 0.137 troy ounces). The word dinar comes from the Latin word denarius, which was a silver coin. The name "dinar" is also used for Sasanid, Kushan, and Kidarite gold coins, though it is not known what the contemporary name was. The first dinars were issued by the Umayyad Caliphate. Under the ...
The dinar (/ d ɪ ˈ n ɑː r /) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار ( dīnār ), which was borrowed via the Syriac dīnarā from the Latin dēnārius .
Gold dinar of Abd al-Malik, AH 75, Umayyad Caliphate.. According to Islamic law, the Islamic dinar is a coin of pure gold weighing 72 grains of average barley. [citation needed] Modern determinations of weight for the "full solidus" weigh 4.44 grams at the time of Heraclius and a "light solidus" equivalent to the weight of the mithqal weighing 4.25 grams, with the silver Dirham being created ...
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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.
Iraq's central bank must address continued risks of the misuse of dollars at Iraqi commercial banks to avoid new punitive measures targeting the country's financial sector, a top U.S. Treasury ...