Iraqi dinar was introduced by the Coalition Provisional Authority or CPA from October 15, 2003 to January 15, 2004. The CPA was an interim government or acting government set up by the United States and selected Iraqi persons. The dinar replaced the old Saddam notes (that bared his face) to give the Iraqi people and their country hope in the future of their new Iraq. This created a single unified currency that is used throughout all of Iraq and also made the Iraqi Dinar more convenient for use in people's everyday lives. Old banknotes were exchanged for new ones at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 for one Swiss dinar.
Iraqi dinar was introduced by the Coalition Provisional Authority or CPA from October 15, 2003 to January 15, 2004. The CPA was an interim government or acting government set up by the United States and selected Iraqi persons. The dinar replaced the old Saddam notes (that bared his face) to give the Iraqi people and their country hope in the future of their new Iraq. This created a single unified currency that is used throughout all of Iraq and also made the Iraqi Dinar more convenient for use in people's everyday lives. Old banknotes were exchanged for new ones at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 for one Swiss dinar.
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