Description: Foreign Paper Money. Saddam Hussein at right/Winged lion sculpture at left. The Iraqi dinar was introduced on April 1, 1932, replacing the Indian rupee, which had been the official currency since the British occupation during World War I. The exchange rate was set at 1 dinar = 11 rupees. Initially, the dinar was pegged to the British pound sterling. However, in 1959, the peg was shifted to the United States dollar at a rate of 1 dinar = $2.80, without altering its nominal value. As the US dollar was devalued in 1971 and 1973, the official dinar rate increased to $3.3778. A subsequent 5% devaluation reduced the rate to $3.2169, which remained in effect until the Gulf War in 1990. By late 1989, the black market rate for the dinar was reported to be five to six times higher than the official rate. Item ordered may not be exact piece shown. All original and authentic.
Price: 7 USD
Location: Portsmouth, New Hampshire
End Time: 2024-11-20T15:02:22.000Z
Shipping Cost: 6.25 USD
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Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Return policy details:
