Iraq 50 Dinars banknote Design
The Iraq 50 Dinars note front design features a Grain silo at Basrah. The reverse note side has the image of the Date palms, a flowering plant cultivated for its edible sweet fruit. This note is part of the 2003 – 2013 series, and its color is purple on a multicolor underprint. It was printed by Thomas De La Rue & Company, Limited (England) – TDLR.
Text: Central Bank of Iraq, 50 Dinars, 50.
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The Dinar, first introduced in 1932 to replace the Indian rupee, had a conversion rate of one Dinar for 11 rupees. The Dinar was pegged to the British pound (GBP) until 1959 when it was pegged to the U.S. dollar (USD). The exchange rate remained relatively stable until the Gulf War in the early 1990s.
The official currency circulated in Iraq since 1932 it is the Dinar. The Iraqi Monetary Committee issued banknotes of ¼, ½, 1, 5, 10, and 100 dinars. In 2003, new banknotes were issued in denominations of 50, 250, 1,000, 5,000, 10,000 and 25,000 dinars. One year later, they introduced the 500 dinar note.
What Is the Iraqi Dinar (IQD)?
IQD is the currency code for the Iraqi Dinar, the currency of Iraq. The Central Bank of Iraq circulates the Iraqi Dinar, which comprises 1,000 fils. However, due to inflation, fils are no longer used, and dinars are the smallest currency unit in circulation.