Swiss Dinar


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.