After the Kuwaiti Dinar, it is the second highest valued currency unit in the world being worth US$3.11 as of 3 January 2005.

“The Army will give people 3, 000 dinars and people will be happy to give them up, ” he said.

The New Dinar replaced the Dinar in 1992, at a rate of 1 to 10, with the highest denomination being 50, 000.

She says participants are paid the Iraqi dinar equivalent of $10 a day for a three-month period.

A judge in a shiny green robe told us that we would each be fined 300 dinars—about $250—and released.