$0.60
Do you have a Iraq 1000 Dinars Banknote? Here’s how to exchange it with us.
The 1000 Iraqi Dinars banknote has two types with different faces; one has the medieval dinar coin image at the center. Its medieval gold coin was first issued in AH 77 (696 – 697 CE) by Caliph Abd al-Malik ibn Marwan. The other version features an Assyrian star, a man on a boat, inscription Enlisting the marshes and Heritage of South Iraq in the World Heritage List.
The reverse note side of both has the image from the Al-Mustaniriyah University in Baghdad. It’s the most prominent and high-ranking center for Islamic studies in all of Baghdad. Their colors are brown and tan on multicolor underprint. It was printed by Thomas De La Rue & Company, Limited (England) – TDLR.
Text: Central Bank of Iraq, One Thousand Dinars, 1000.
Firstly, the government introduced the Dinar in 1932 to replace the Indian rupee, which had a conversion rate of one Dinar for 11 rupees. Consequently, The Dinar was pegged to the British pound (GBP) until 1959 when it was pegged to the U.S. dollar (USD).
Therefore, the exchange rate remained relatively stable until the Gulf War in the early 1990s.
After that, the Iraqi Monetary Committee issued banknotes in denominations of ¼, ½, 1, 5, 10, and 100 dinars.
In conclusion, The Central Bank of Iraq introduced new banknotes in 2003, the denominations of which are 50, 250, 1,000, 5,000, 10,000, and 25,000 dinars. Finally, the CBI introduced the 500 dinar note a year later.
The official currency symbol: د.ع. The IQD is the ISO 4217 currency code for the Iraqi Dinar. The Central Bank of Iraq manages and administers the Iraqi Dinar, which sets monetary policy.
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