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These agreements also resulted in the floating and subsequent devaluation of the dinar, which had formerly been artificially tied to the French franc.
The October introduction of the new Iraqi dinar, which replaced two older versions, has been largely successful, and the currency has strengthened in value against the dollar.
That honour belongs to the Kuwaiti dinar, which is now worth about $3.56.The mighty US dollar ranks joint tenth, alongside the dollars of Bermuda and the Bahamas, the balboa of Panama and the Cuban peso.
Dollar power My money is bigger than yours Abacus to ATM Fakes and status in China ReprintsThe title of the world's "biggest" currency belongs to the Kuwaiti dinar, which is now worth about $3.58.
Instead, they said, the rate reflected the much greater value of the Swiss dinar, which had not been subjected to the same inflation that devalued the dinar issued under Saddam Hussein and used in the rest of the country.
Complex economic issues were also moving to the fore, including how to deal with Iraq's foreign debt and whether to replace the nation's currency, the dinar, which still bears the likeness of Mr. Hussein.
Similar(51)
Once, he pasted small messages onto Iraqi dinars, which he folded and left behind on buses and park benches.
When the war erupted, he had managed to save $2,000 euros and 100 Libyan dinars, which he kept hidden in his clothes.
In the end, the barber charged about 70 cents (don't worry — I left him 1000 Sudanese dinars, which is a bit more than $4).
Many officials had assumed that Iraqi dinars, which still bear Saddam Hussein's image, would quickly become worthless after the war ended.
On the black market tickets were selling for 50 Jordanian dinars, which equates to £50, although for the majority of Jordanians that would represent almost a week's wages.
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