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The Iraqi dinar ( ISO 4217: IQD) is the legal currency of Iraq.

Banknotes issued prior to October 2003 show the image of Iraqi President Saddam Hussein. Following his deposition in the 2003 invasion of Iraq, the Iraqi Governing Council made public display of images of Hussein illegal. In an effort to feed the Iraqi economy, the Office for Reconstruction and Humanitarian Assistance began printing more 250-dinar notes. Saddam Hussein appeared on all post-war Iraqi dinar banknotes, aside from the reprinted "Horse herd" 25 Dinar note.

Following the 1991 war, Iraq's currency was printed both locally and in China using poor grade woodpulp paper (rather than cotton or linen) and inferior quality lithography. Counterfeited banknotes often appeared to be of better quality than the real thing. Despite the collapse in the value of the Iraqi Dinar, the highest denomination printed until 2002 was 250 Dinars. In 2002 the Central Bank of Iraq issued a 10,000 Dinar banknote to be used for "larger, and inter-bank transactions". Oddly enough this "high denomination" note had an exchange value of less than 5.00 USD.

In October 2003 the United States occupation administration authorised a new banknote issue comprising of denominations of 50, 250, 1000, 5000, 10000, and 25000 Dinars. The notes were extremely similar in design and print quality to notes issued by the Iraqi Central Bank in the mid 1980s. A 500 Dinar note was issued in October 2004, and notes of 25, and 100 Dinars are anticipated.

Prior to the 1991 war the official rate of the Iraqi Dinar was approximately 3.00USD. However the black market rate was closer to 0.30USD per Dinar. The currency slid during the post 1991 war United Nations embargo The value of the Iraqi Dinar has appreciated from lows of approximately 3,000 Dinars per US Dollar to between 1,400 and 1,500. At present there are many self-labelled investmentInvestment is a term with several closely related meanings in finance and economics. It refers to the accumulation of some kind of asset in hopes of getting a future return from it. In theoretical economics, investment means the purchase (and thus the pro brokers offering customers the chance to purchase large quantities of Iraqi currency with promises of massive capital gainIn finance, a capital gain is profit that is realized from the sale of an asset that was previously purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds, and property. If the sale of the asset had yielded a. Although the Iraqi economyThe word economy can refer to any of several things: the "economy" of the world — see world economy the "economy" of a country — see economics and economic system Hydrogen economy Judicial economy Political economy Plutonium economy Economy (Eastern Ortho can only improve from its present dire state, this is extremely unlikely to cause a dramatic appreciation in the currency back to levels seen prior to the 1991 war.