An Iraqi currency reform or “redenomination” planned to be implemented within three years will hopefully result in the re-introduction of circulating coins.
Coins were initially introduced in modern Iraq during 1931 and 1932 when the country was an independent kingdom, and a second series was issued with the establishment of the Iraqi Republic. However, all coin production ceased in Iraq
The Coalition Provisional Authority that followed the overthrow of Saddam Hussein in 2003 authorized new coins and bank notes, but the coins proved to be unpopular and were quickly withdrawn. Bank notes printed by the security printing firm De La Rue are still in use today.
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