Iraq issues new Banknote Designs

By John Lee.

The Central Bank of Iraq (CBI) has released a series of new banknote designs, which will enter circulation next week.

According to a report from Rudaw, the notes are intended to modernise the currency and better reflect the nation’s heritage and diversity.

It adds that the CBI does not plan to recall old banknotes.

(Sources: CBI, Rudaw, Xinhua)

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3 Responses to Iraq issues new Banknote Designs

  1. Terry Wahrer 14th October 2018 at 16:54 #

    will these co-exist with the “old” 5-10 and 25k notes? Also, if these are lower denominations is the government planning on raising the rate, otherwise why spend the money printing new, lower denomination currency. Just asking… THANK YOU!!

  2. George T Horvat 18th October 2018 at 16:32 #

    Unless “VERY” powerful people are holding the fifteen year old high denomination notes I for one fear that they will be recalled at a much lower rate for a short period of time before they are deemed worthless. In all probability they will also only be valid within the boundaries of the nation of Iraq itself. In other words I strongly suspect that all of us (ordinary) people will be screwed.

  3. Shanmuganathan Velayutham 9th November 2018 at 04:23 #

    Some people have bought iraqi currencies,what will happen to them? When will iraqi dinar will be posted in the currency board?