For Immediate Release
January 16, 2004
Iraq's New Currency
Iraq Fact of the Day
Iraq's new currency is an important indicator of economic revitalization. During the Iraqi currency exchange, which began on October 15, 2003, and ended on January 15, the value of the new dinar has risen by 25 percent.. To date almost 4.5 trillion new Iraqi dinars or $3 billion are estimated to be in circulation. Transporting the money to Iraq required twenty-eight 747 aircraft loads of about 100 tons each. Iraq's historical monuments, landscapes, and accomplishments in the sciences are featured on the new notes, as opposed effigies of the Ba'ath Party on the old currency.
Source: Coalition Provisional Authority, Baghdad.