Currency Rate Iraqi Dinar to USD
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The Iraqi Dinar (symbol: ع.د; code: IQD) is the official currency of Iraq.
Buying rate
IQD 0.000577
Selling rate
IQD0.000859
The Iraqi Dinar (IQD), symbolized as ع.د, is the official currency of Iraq. It is used within Iraq for all financial transactions, reflecting the country's economic identity.
Currency Details:
Symbol: د.ع or ع.د
ISO Code: IQD
Subunits: 1 Dinar = 1000 fils (though fils are no longer used due to inflation)
Banknotes and Coins
The Iraqi Dinar is available in banknotes and coins:
Coins:
Coins are not widely used in Iraq due to inflation and economic conditions. The following coins were issued in the past:
25 dinars
50 dinars
100 dinars
Banknotes:
Current banknotes in circulation:
250 dinars
500 dinars
1000 dinars
5000 dinars
10000 dinars
25000 dinars
50000 dinars
The banknotes of the Iraqi Dinar feature various historical and cultural motifs, including images of famous landmarks, historical figures, and Iraqi cultural symbols.
History and Background
The Iraqi Dinar has a turbulent history, including periods of hyperinflation and economic instability. The modern Iraqi Dinar was introduced in 1932, replacing the Indian Rupee as the official currency of Iraq. The currency has undergone several redenominations due to inflation and political changes.
Economic Significance
The Iraqi Dinar is essential to Iraq's economy, facilitating trade, investment, and daily transactions. Iraq's economy is primarily driven by oil exports, with other sectors including agriculture, industry, and services.
Usage and Exchange
The Iraqi Dinar is used for all transactions within Iraq. For international visitors and expatriates, exchanging foreign currency for Iraqi Dinars can be done at banks, exchange bureaus, and ATMs. Major credit cards are not widely accepted, so cash is the primary form of payment.
Conclusion
The Iraqi Dinar is a symbol of Iraq's history, culture, and economic development. Understanding the Iraqi Dinar is crucial for anyone engaging with Iraq's economy, whether as a resident or a visitor. The stability and accessibility of the dinar play a significant role in the country's economic growth and recovery efforts.
Currency Details:
Symbol: د.ع or ع.د
ISO Code: IQD
Subunits: 1 Dinar = 1000 fils (though fils are no longer used due to inflation)
Banknotes and Coins
The Iraqi Dinar is available in banknotes and coins:
Coins:
Coins are not widely used in Iraq due to inflation and economic conditions. The following coins were issued in the past:
25 dinars
50 dinars
100 dinars
Banknotes:
Current banknotes in circulation:
250 dinars
500 dinars
1000 dinars
5000 dinars
10000 dinars
25000 dinars
50000 dinars
The banknotes of the Iraqi Dinar feature various historical and cultural motifs, including images of famous landmarks, historical figures, and Iraqi cultural symbols.
History and Background
The Iraqi Dinar has a turbulent history, including periods of hyperinflation and economic instability. The modern Iraqi Dinar was introduced in 1932, replacing the Indian Rupee as the official currency of Iraq. The currency has undergone several redenominations due to inflation and political changes.
Economic Significance
The Iraqi Dinar is essential to Iraq's economy, facilitating trade, investment, and daily transactions. Iraq's economy is primarily driven by oil exports, with other sectors including agriculture, industry, and services.
Usage and Exchange
The Iraqi Dinar is used for all transactions within Iraq. For international visitors and expatriates, exchanging foreign currency for Iraqi Dinars can be done at banks, exchange bureaus, and ATMs. Major credit cards are not widely accepted, so cash is the primary form of payment.
Conclusion
The Iraqi Dinar is a symbol of Iraq's history, culture, and economic development. Understanding the Iraqi Dinar is crucial for anyone engaging with Iraq's economy, whether as a resident or a visitor. The stability and accessibility of the dinar play a significant role in the country's economic growth and recovery efforts.