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Dinar currency produced in 1931 replaced the Indian Rupee at the rate of 1 dinar = 13.5 rupees. In 1959 dinar currency pound sterling currency is equated with England that if didolarkan to 1 dinar = 2.8 U.S. dollars. At the time of the devaluation of the U.S. dollar in 1971 and 1973, the dinar currency instead of U.S. dollar rose to 3.3778 before falling back to 3.2169 U.S. dollars and the exchange rate was stable until just before the Gulf War in 1990. In 1990, the dinar is the currency of the most powerful in the Middle East, never even reached the stage of 3.45 U.S. dollar / dinar!

After the Gulf War in 1991, the currency of Iraq due to the significant decline in the trade blockade and the circulation of the new dinar that quality is declining. Then following the Iraq war and Saddam Hussein's actions decreased in 2003, the dinar currency tumbled down to the stage 1 dinar = 0.00027 U.S. dollars (USD 2.4).
In 2003, Central Bank of Iraq Iraq Dinar currency issued a new one with the name of the New Iraqi Dinar (NID) which consists of the nominal 50, 250, 500, 1000, 5000, 10000 and 25000.
Rose from its lowest point, the value of the dinar began to show an increase to $ 9.6 / dinars at the end of 2008. A fantastic 400% rise since 2003 sparked speculation among economists around the world. Becoming more and more people are starting to peddle copies of this Iraq dinar currency.

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