Currency Rate
Iraqi Dinar to USD
Our Currency Rate IQD latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the IQD. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
IQD 0.000473
Selling rate
IQD0.001023
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The Iraqi Dinar (symbol: ع.د; code: IQD) is the official currency of Iraq.
Currency Details
- Country code IQ
- Symbol IQD
- ISO Code IQD
- Subunits 1 Dinar = 1000 Fils
Coins
- 25 dinars
- 50 dinars
- 100 dinars
Banknotes
- 250 dinars
- 500 dinars
- 1000 dinars
- 5000 dinars
- 10000 dinars
- 25000 dinars
- 50000 dinars
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.
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.
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.