Iraqi Dinar (IQD; symbol ID) = 20 dirhams = 1,000 fils. Notes are in denominations of ID25,000, 10,000, 5,000, 1,000, 500, 250 and 50. Coins are in denominations of ID100 and 25.
The politics of Iraq takes place in a framework of a federal parliamentary representative democratic republic. It is a multi-party system whereby the executive power is exercised by the Prime Minister of the Council of Ministers as the head of government, as well as the President of Iraq, and legislative power is vested in the Council of Representatives and the Federation Council.