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Swiss Dinar

   Also found in: Wikipedia 0.02 sec.
Swiss Dinar
An Iraqi dinar issued prior to the First Gulf War. They are possibly called Swiss dinars because the printing plates used to print them were made in Switzerland. After the war, the Iraqi government no longer used these plates and instead printed money using inferior plates. Companies in Kurdistan, in northern Iraq, continued to use Swiss dinars and refused to accept new dinars. This resulted in Swiss dinars being worth more than the new dinars. Both were replaced following the U.S.-led invasion in 2003.


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Currency printed before the Gulf War was often called the Swiss dinar.
For many years the symbol of the Kurdish prosperity, the "Swiss dinar" will be removed from circulation on 15 January and replaced by the "new dinar" at an exchange rate imposed by the Americans, (150 new dinars for one Swiss dinar, instead of the current 200 or 250).
But two separate currencies will continue to circulate - the old Iraqi dinar and the so-called Swiss dinar in Kurdish-controlled areas of the north.
 
 
 
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