
The dinar, which is the currency for Iraq, fluctuates in value due to current events that occur in the country. The iraqi dinar, which has been in circulation since 1932, has gone through numerous changes. For example, after 1991, the currency made the change from being printed on cotton to being printed on low grade wood pulp paper. Because of changes like this, the dinar trading value is constantly changing.
Up until 1959, the dinar was equal in value to the British pound. Around that same time, the dinar to dollars value was one dinar to 2.8 dollars. The dinar stayed high in value until the Gulf War in 1991. After the Continue reading “What Determines the Value of the Iraqi Dinar?”