Product Review

After Defeat of Saddam's Army For Some Strange Reason This Was Printed Under USA Occupation . This 1995 Iraqi 250 Dinar note picturing Saddam Hussein was issued after Saddam's defeat in the First Gulf War. Inflation was taking a serious toll on Iraq, so this new, higher denomination was needed. At the time it was issued, it was the highest denomination note in circulation. It had an official exchange rate of over $750, however on the street it would buy only a few dollars worth of goods. The reverse of the note shows the frieze from the Liberty Monument in Baghdad. Because of the United Nations embargo, the notes were printed locally on an offset press and lacked the anti-counterfeiting devices found on most banknotes today.