How is the currency in Iraq valued now? Do they have dollars?

[Gin]

is it like the US? I am having a hard time understanding how we can switch currency for them in mid stream...and how the businesses in the cities are operating. Do we supply them with all of their goods?

[Rashind]

1. It's still dinars...

They just printed new bills, sans saddam's photo

[ElsewheresDaughter]

2. one of the reason for the invasion was that Iraq was switching to the Euro

instead of the US dollar

[Gin]

4. Thanks..I have a lot to learn about this new place I am helping

to rebuild into a democracy where they are now paying no taxes.
Saddam had a taxation policy.

We, (US) being the generous folks that we are...have set up a system of no taxation in Iraq. That way...we have to send more all the time.

[davhill]

3. What happened to all the gold bars?

Supposedly almost a billion in gold bars and dollars looted from the central bank were intercepted by troops early in the occupation. This was the money backing the dinar. When the CBO attempted to use it in budgeting the cost of the occupation, our military informed them that the gold bars were painted brass bars and the dollars were too soggy to use. That is the last I heard about it. We never did learn who had done the painting and what happened to the real gold? Has anybody heard anything newer or has it been totally lost by our press?