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Country: Iraq, Republic Of Iraq
Capital: Baghdad
Currency: Iraqi Dinar
Numeric code: 368
Alphabetic code: IQD
In the middle East, in the Mesopotamian lowland, the Republic of Iraq. It owns just over 435 thousand square kilometers of territories rich in natural gas and oil. They ensure the existence of 36 million Iraqis. Ancient Baghdad – the constant capital of the state with 762.
The modern currency used in the country - Iraqi Dinar, consisting of one thousand Fils, came into its own in the period from 1931 to 1932. He was ousted from the markets of the country of its predecessor - the Indian rupee.
The first coin lineup consisted of 1, 2, 4, 10, 20, 50 and 200 Fils. The last three denominations were silver. This fact undoubtedly affects the price of coins of Iraq in those years. In 1953, to the existing, added silver 100 Fils. Buy Iraq coin, minted from the silver is a good investment.
In 1959, Iraq became a Republic and released a new coin series: 1, 5, 10, 25, 50 and 100 Fils. In 1967 all coins, except one Fils, updated, and also added denominations of 250 Fils. Coin and ruler of Iraq continued to grow: in 1971, there were 500 Fils, and in 1980 – one Dinar.
However, the purchasing power and the value of the coins of Iraq is rapidly falling, and after 1990 mint their ceased altogether.
Inflation radically "reshaped" catalogue of coins of Iraq, staffed it completely in 2004 with 25, 50 and 100 dinars. But these coins did not catch on, and currently taken out of circulation.
