The dinar gets a face-lift
The week's news at a glance.
U.S. authorities will issue new Iraqi currency to replace dinars carrying the grinning image of deposed dictator Saddam Hussein. The new design will be based on the faceless Swiss dinar, Iraqs pre-1991 currency, which still circulates in the countrys northern Kurdish areas. The new dinar will be introduced into circulation during a three-month period beginning Oct. 15, to be exchanged at parity with the old ones. Some Iraqis expressed joy at the redesign. We will be happy to get rid of Saddams face, Baghdad money-changer Hillal Sultan told Agence France-Presse, and this useless money.