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The pre-1990 notes became known as Swiss dinars while the new dinar notes were called Saddam dinars. Due to United States and the international sanctions on Iraq along with excessive government printing, the Saddam dinar currency devalued quickly. By late 1995, US$1 was valued at 3,000 Saddam dinars on the black market.
1 ⁄ 4, 1 ⁄ 2, 1, 5, 10, 25 dinars (Iraqi dinar banknotes issued before the beginning of the Gulf War and Iraqi dinar banknotes bearing the image of former Iraqi leader Saddam Hussein) Demographics; User(s) Iraq Kuwait (1990-1991) Issuance; Central bank: Central Bank of Iraq: This infobox shows the latest status before this currency was ...
After the fall of Saddam Hussein's government, the Central Bank of Iraq was established as Iraq's independent central bank by the Central Bank of Iraq Law 2004, with authorised capital of 100 billion dinars. [12] According to the law, 100% of the bank's capital stock would be held by the State and would not be transferable. [13]
His face could be seen on the sides of office buildings, schools and classrooms, airports, and shops, as well as on all denominations of Iraqi currency (the dinar). Saddam's personality cult reflected his efforts to appeal to the various elements in Iraqi society.
Saddam Hussein cared more about his place in Iraq's history than the opinion of the citizenry he ruled over, said the former Federal Bureau of Investigation agent who led the interrogation of the ...
The playing cards. During the 2003 invasion of Iraq by a United States–led coalition, the U.S. Defense Intelligence Agency developed a set of playing cards to help troops identify the most-wanted members of President Saddam Hussein's government, mostly high-ranking members of the Iraqi Regional Branch of the Arab Socialist Ba'ath Party or members of the Revolutionary Command Council; among ...
Because of the economic potential of Iraq, a niche market for Iraqi Dinar currency has emerged. Speculators are making investments in the Iraqi Dinar in hopes of receiving a return once Iraq stabilizes as a country. Jim Cramer's October 20, 2009 endorsement of the Iraqi Dinar on CNBC has further piqued interest in the investment. [35]
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