Saddam Era Iraqi 5 Dinar Off Center Banknote. Gulf War. Currency Desert Storm
Specifications
| Return Shipping Will Be Paid By | Seller |
| All Returns Accepted | Returns Accepted |
| Item Must Be Returned Within | 30 Days |
| Refund Will Be Given As | Money Back |
| Circulated/Uncirculated | Uncirculated |
| Type | Banknotes |
| Year | 1990's |
| Country | Iraq |
| Grade | Ungraded |
| Country/Region Of Manufacture | Iraq |
The Reason for Inferior Quality;After the Gulf War in 1991, due to UN sanctions, the previously used Swiss printing method was no longer available so new, inferior quality, notes were produced. The previously produced notes became known as the Swiss dinar and continued to circulate in the Kurdish region of Iraq. Due to sanctions placed on Iraq by the United States and the international community along with excessive government printing, the new dinar notes devalued quickly. By late 1995, US$1 was valued at 3,000 dinars in the black market.The Iraqi dinar is the currency of Iraq. It is issued by the Central Bank of Iraq and is subdivided into 1,000 fils, although inflation has rendered the fils obsolete since 1990.Iraq, officially the Republic of Iraq, is a country in Western Asia, bordered by Turkey to the north, Iran to the east, Kuwait to the southeast, Saudi Arabia to the south, Jordan to the southwest and Syria to the west. The capital and largest city is Baghdad.
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