Iraqi Dinar Discussion Board

[Aerospace]

Some IMF info for you.
http://www.imf.org/external/pubs/ft/scr/2004/cr04325.pdf

During the previous regime, the (old) Iraqi dinar was the legal tender in the country and comprised two types of co-circulating banknotes: the “Swiss” dinar, issued between 1979 and 1989, and circulated only in the northern Kurdish provinces after 1989, and the “Saddam” dinar, issued by the Central bank of Iraq(CBI) from 1990 onwards (with effective available denominations in recent years of only ID 250 and ID 10,000 banknotes). The printing of the Saddam dinar was not fully controlled by the CBI, and the resultwas soaring inflation.


Or this IMF document.
http://www.imf.org/external/np/oth/102103.pdf
6. Two types of banknotes were in circulation—the Saddam dinar (issued by the CBI from 1990 onwards and whose only effectively available denominations were ID 250 and ID 10,000 in recent years) and the Swiss dinar issued between 1979 and 1989, which circulated only in the northern Kurdish provinces.

17. With the CBI yet to become fully operational, monetary policy has been passivesince the start of hostilities. However, the lack of banknotes has led to tight monetary conditions. This is reflected in the aforementioned stability of the price level since
February, as well as the broad stability of the exchange rate through August, notwithstanding the prevailing economic and political uncertainties. From July through end-August 2003, the value of ID 250 note fluctuated around an exchange rate of ID 1,500/US$, while in the case of the ID 10,000 note, the exchange rate was about ID 2,000/US$ (Figure 2). These rates implied some nominal appreciation relative to the average exchange rate of ID 2,000/US$ that prevailed in 2002. However, during September and in the first two weeks of October, the exchange rate for both types of notes fluctuated about ID 2,100/US$ on average.

See that... the rate appreciated in 2003... and as stated, the rate was 2000:1 for year 2002, which was before the war.

This is documemted in hundreds of places... yet you are the only person I know on any dinar board that still doesn't except it.