CPA Briefs on Iraqi Currency Exchange

- Central Banking staff
- 20 Oct 2003

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Saddam-free dinars have hit the streets in Iraq. How has this been achieved? This week's CentralBankNet Monday Special Feature gives a fascinating glimpse of the immense logistical challenges faced by the authorities in Iraq. The Central Bank of Iraq has "taken the lead" in the exchange programme which requires 2, 200 tons of new currency, worth $3 billion, to exchange for the old Saddam and Swiss dinars.

MR. SENOR:Good afternoon.I'm Dan Senor, senior adviser to Ambassador Bremer and the

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