{"id":71392,"date":"2026-05-24T23:21:10","date_gmt":"2026-05-24T23:21:10","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/71392\/"},"modified":"2026-05-24T23:21:10","modified_gmt":"2026-05-24T23:21:10","slug":"iraqs-swiss-dinar-still-lives-in-kurdistan-livestock-markets-shafaq-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/71392\/","title":{"rendered":"Iraq\u2019s \u201cSwiss dinar\u201d still lives in Kurdistan livestock markets &#8211; Shafaq News"},"content":{"rendered":"<p>\n                            2026-05-24T22:59:34+00:00<\/p>\n<p>                                    font<\/p>\n<p>                                            Enable Reading Mode<\/p>\n<p>\n                                        A-<br \/>\n                                        A<br \/>\n                                        A+\n                                    <\/p>\n<p>Shafaq News- Erbil<\/p>\n<p>More than 35 years after Iraq\u2019s old \u201cSwiss dinar\u201d disappeared from<br \/>\ncirculation, livestock traders across the Kurdistan Region still use the former<br \/>\ncurrency as the main pricing reference in cattle and meat markets.<\/p>\n<p>The \u201cSwiss dinar\u201d was Iraq\u2019s internationally recognized currency until<br \/>\nthe early 1990s, before the former Iraqi regime replaced it with locally<br \/>\nprinted banknotes, which later lost value outside Iraq. After the Kurdistan<br \/>\nRegion broke away from Baghdad\u2019s control in 1991, it continued using the Swiss<br \/>\ndinar until the fall of the regime in 2003. Traders commonly calculate one<br \/>\nSwiss dinar as equivalent to around 150 current Iraqi dinars, even though all<br \/>\nactual payments are made using today\u2019s Iraqi currency.<\/p>\n<p>\u201cFor livestock trading, we still rely on the old currency when setting<br \/>\nprices,\u201d livestock seller Ghazi Qabban told Shafaq News. \u201cFor example, one<br \/>\nkilogram of meat may be priced at 60 dinars according to the old system, but<br \/>\nthat actually equals around 9,000 dinars (about $5.85) in today\u2019s currency.\u201d<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/05\/1779663347673.webp\"\/><\/p>\n<p>Many traders, particularly older sellers, Qabban explained, still prefer<br \/>\nthe former currency because it avoids dealing with the large figures attached<br \/>\nto the current Iraqi dinar, stressing that the Swiss dinar today functions only<br \/>\nas \u201ca unit of calculation.\u201d<\/p>\n<p>The practice is no longer limited to Kurdish livestock traders,<br \/>\naccording to market worker Faisal Abdullah, who noted that many Arab customers<br \/>\nvisiting the markets also prefer using the old pricing method.<\/p>\n<p>\u201cWe usually multiply the old price by 150 to directly obtain the value<br \/>\nin the current currency,\u201d Abdullah said, describing the formula as the market\u2019s<br \/>\nshared financial language.<\/p>\n","protected":false},"excerpt":{"rendered":"2026-05-24T22:59:34+00:00 font Enable Reading Mode A- A A+ Shafaq News- Erbil More than 35 years after Iraq\u2019s old&hellip;\n","protected":false},"author":2,"featured_media":71393,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[15987,37973,37974,37975,41,37976,17],"class_list":["post-71392","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-banknotes","tag-iraqs-swiss-dinar-still-lives-in-kurdistan-livestock-markets","tag-iraqi-dinar","tag-iraqi-markets","tag-swiss","tag-swiss-dinar","tag-switzerland"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116632124488983338","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/71392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=71392"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/71392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/71393"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=71392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=71392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=71392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}