VOL. XLVI

No 42

20-October-2003

IRAQ RECONSTRUCTION

New Iraqi Dinar Goes Into Circulation On Schedule

The New Iraqi Dinar (NID) went into circulation on schedule on 15 October, beginning the process of replacing the two existing types of banknote in the country the print dinar and the Swiss dinar. The plan to unify the two currencies was announced by CPAAdministrator Paul Bremer in July (MEES, 14 July), and aims to standardize the rate of exchange of the dinar (the Swiss dinar is worth NID150,...