50000 dinar

[DrJohn]

I have not heard of a 50,000 dinar bill. This guy said he got these bills 5+ years ago. Are they OK to own?

[dinarmamma]

25K note is the largest I see on CBI there is a 5k, is that possibly what he's talking about? If not I wouldn't buy it, that's for sure.

[rdb]

there is no such thing....

don't get scammed!!!

[chuckray]

I have not heard of a 50,000 dinar bill. This guy said he got these bills 5+ years ago. Are they OK to own?

i never heard of one--i only buy recent ones from dinar trade--25k---10k---certificate of authenticity--and i printed out their u.s. treasury certificate from their website--keep all that stuff in a place with my dinars

[MCME]

I looked on search engine and found $50,000 dinars packaged as 5- $10,000 or 2 - $25,000. Not a 50,k note at all

[mfasel]

there is no such thing....

don't get scammed!!!

We were talking with a friend that said he has a 50,000 dinar note. We don't know if he's legit or what, but we were wanting to know if its real, thats all - i have only gotten mine from dtrade and 5/3.

[justin88]

I have full set of every dinar made 25,000k note all the way down to the almost impossible to find 25 coin..... there was NEVER a 50,000k note made

Edited February 23, 2011 by justin88

[LettheRVbegin]

We were talking with a friend that said he has a 50,000 dinar note. We don't know if he's legit or what, but we were wanting to know if its real, thats all - i have only gotten mine from dtrade and 5/3.

People..so naive...no such thing as 50,000 dinar notes.. if you want to check it out for yourself, go to www.cbi.iq. You can ignore whoever is saying or boasting that he/she has 50,000 because that person apparently got scammed from someone probably

[CrazyHeart]

We were talking with a friend that said he has a 50,000 dinar note. We don't know if he's legit or what, but we were wanting to know if its real, thats all - i have only gotten mine from dtrade and 5/3.

Have your friend take a picture of it and post it here for all to see and examine.

[anonmouse013]

Is "Dubya" on the bill ? (lol)

[sportfisher]

I have not heard of a 50,000 dinar bill. This guy said he got these bills 5+ years ago. Are they OK to own?

can you post a scan of the note.

[SushiLovr2]

Did you think to ask if it was IRAQ currency?

There are other countries who's currency is called Dinar.

I wouldn't be surprised if one of them has produced a 50,000 Dinar note at some point.

Some of you are so convinced that you know what you're talking about that you forget to think before you speak.

Oh well, I do it too sometimes.

[umbertino]

I have not heard of a 50,000 dinar bill. This guy said he got these bills 5+ years ago. Are they OK to own?

If he's not mistaken and he really owns 50k and not 5k, then he got duped.

[liquidravingdj]

Have your friend take a picture of it and post it here for all to see and examine.

and laugh

[Rayzur]

Is it possible that the currency is a 5000 dinar note?.....and maybe he was off by one zero???

[BlueOrchid919]

I have not heard of a 50,000 dinar bill. This guy said he got these bills 5+ years ago. Are they OK to own?

Here are all the Iraqi notes printed since 1913: http://www.atsnotes.com/catalog/banknotes/iraq.html

There is no 50,000 IQD note.

[SonOfAtomicVet]

Could be this: 50,000 Yugoslav dinars note (1963) ------> http://en.wikipedia.org/wiki/File:50000-Dinara-1963.jpg

Or 1992 Croatia 50000 Dinar ---------> http://www.liveauctioneers.com/item/8529414

[randalln]

http://en.wikipedia.org/wiki/File:25_Iraqi_dinars_back_.jpg

heres a link for all history at wikipedia

http://en.wikipedia.org/wiki/File:25_Iraqi_dinars_back_.jpg

heres a link for all history at wikipedia

Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed by De La Rue using modern anti-forgery techniques, to "create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives."[3] Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar.

Iraqi dinar

دينار عراقي (Arabic)

25,000 dinars banknotes 1972 25 fils coin

ISO 4217 Code IQD

User(s) Iraq

Inflation 1.66%

Source Central Bank of Iraq, June 2010.

Subunit

1/1,000 fils

Symbol ع.د

Coins 25, 50, 100 dinar [1]

Banknotes 50, 100, 250, 500, 1,000, 5,000, 10,000, 25,000 dinar

Central bank Central Bank of Iraq

Website www.cbi.iq

The dinar was introduced into circulation in 1932, by replacing the Indian rupee, which had been the official currency since the British occupation of the country in World War I, at a rate of 1 dinar = 13⅓ rupees. The dinar was pegged at par with the British pound until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of 1 dinar = 2.8 dollars. By not following the devaluations of the U.S. currency in 1971 and 1973, the dinar rose to a value of US$3.3778, before a 5 percent devaluation reduced the value of the dinar to US$3.2169, a rate which remained until the Gulf War, although in late 1989, the black market rate was reported at five to six times higher (3 dinars for US$1) than the official rate.[2]

After the Gulf War in 1991, due to UN sanctions, the previously used Swiss printing was no longer available. A new, inferior quality notes issue was produced. The previous issue became known as the Swiss dinar and continued to circulate in the Kurdish region of Iraq. Due to sanctions placed on Iraq by the United States and the international community and excessive government printing of the new notes issue, the dinar devalued quickly, and in late 1995, US$1 was valued at 3,000 dinars.

Following the deposition of Saddam Hussein in the 2003 invasion of Iraq, the Iraqi Governing Council and the Office for Reconstruction and Humanitarian Assistance began printing more Saddam dinar notes as a stopgap measure to maintain the money supply until new currency could be introduced.

Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed by De La Rue using modern anti-forgery techniques, to "create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives."[3] Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar.

These new banknotes led to a new industry of selling the new Iraqi dinar to oversea investors who hoped to profit from Iraq's new currency when the economy improved. The provisional government of Iraq has made this legal, but the banknotes are exchanged at different rates by companies wanting to make profit. Due to the success of this program, though, Iraqi dinar has been widely counterfeited. However, there are six different security features on the 25,000 Iraqi dinar note that one can check for authenticity.[4]

Although the value of the dinar appreciated following the introduction of the new banknotes from 4,000 dinars per U.S. dollar, at the time of their introduction, to a high of 980 dinars per dollar, it is now held at a "program" exchange rate, as specified by the International Monetary Fund,[citation needed] of 1170 dinars per US dollar at the Central Bank of Iraq. However, there is not yet a set international exchange rate and so international banks do not yet exchange Iraqi dinar. The exchange rate available on the streets of Iraq is around 1200 dinars per US dollar.

For a wider history surrounding currency in the region, see The History of British Currency in the Middle East.