25 Dinars
Item Number: 239
Time Left: CLOSED
Description
The Dinar is the currency of Iraq. It is issued by the Central Bank of Iraq and is subdivided into 1,000 fils (ÙÙس), although inflation has rendered the fils obsolete since 1990.
The dinar was introduced into circulation in 1932, by replacing the Indian rupee, which had been the official currency since the British occupation of the country in World War I, at a rate of 1 dinar = 11 rupees. The dinar was pegged at par with the British pound until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of 1 dinar = 2.8 dollars. By not following the devaluations of the US currency in 1971 and 1973, the dinar rose to a value of US$3.3778, before a 5 percent devaluation reduced the value of the dinar to US$3.2169, a rate which remained until the Gulf War, although in late 1989, the black market rate was reported at five to six times higher than the official rate.
Item shown is exact item up for auction
Special Instructions
Donated by Mike Basoco
A Service Club in the Irving area serving since 1957. We have about 40 members and meet weekly at Noon on Wednesday at the Golden Corral Restaurant-1701 N Beltline Rd Irving, TX 75060
The Irving Noon-Day Lions conduct several Vision Clinics during the IISD school year. Students are referrd byn their school nurses through the Head Nurse's Office and come to the Irving YMCA to be screened by an Optomitrist on the Lions Sight & Tissue Foundation Vision Van (a 40 foot Blue Bird equipped with 2 doctor stations and other screening equipment). They pick out a frame and the glasses are then delivered to the school in 3-4 weeks. This provides them with better vision in the classroom which has been shown to improve performance.
STUDENT SCHOLARSHIPS
INDLC partners with the Irving Schools Foundation to annually offer a $1,000 scholarship to one student from each of the 4 High Schools in the Irving ISD. The students are selected based on acedemic performance, community service and monetary need.
The proceeds of this auction on any items donated by Irving Noonday Lions will go toward Canine Companions. LPCCI https://www.lpcci.com/
Lions Project for Canine Companions for Independence