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IQD - Iraqi Dinar

Iraq, Dinar

The Iraqi Dinar is the currency of Iraq. Our currency rankings show that the most popular Iraq Dinar exchange rate is the USD to IQD rate. The currency code for Dinars is IQD, and the currency symbol is د.ع . Below, you'll find Iraqi Dinar rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Iraqi Dinar News, or take IQD rates on the go with our XE Mobile apps and website.

Notice: IQD may be redenominated. More info ►

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Top IQD Cross Rates

Auto-refresh 15x 0 : 59		USD	MYR	CAD	GBP	PKR	EUR	IDR	AUD	INR
	1 IQD	0.00086	0.00259	0.00085	0.00054	0.07771	0.00065	7.69759	0.00080	0.04176
	Inverse:	1164.00	386.710	1170.90	1840.74	12.8689	1531.67	0.12991	1252.69	23.9481

Mid-market rates: 2012-02-04 02:21 UTC

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Currency Facts

IQD Stats

Name: Iraqi Dinar

Symbol: د.ع

Minor Unit:
1/1000 = fils

Top IQD Conversion:
USD/IQD

Top IQD Chart:
USD/IQD Chart

IQD Profile

Inflation: -2.8%

Coins:
Freq Used: د.ع 25, د.ع 50, د.ع 100
Rarely Used:

Banknotes:
Freq Used: د.ع 50, د.ع 100, د.ع 250, د.ع 500, د.ع 1000, د.ع 5000, د.ع 10000, د.ع 25000
Rarely Used:

Central Bank:
Central Bank of Iraq
Website: http://www.cbi.iq/

Users: Iraq

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Iraqi Dinar History

In 2010, the Central Bank of Iraq announced their plans to redenominate the Iraqi Dinar to ease cash transactions. The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged. That would mean that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) would both be worth the same amount in US Dollars.

Although the announcement stated that the change would take place by the end of 2010, there has been no redenomination as of January 2011 and no further announcements have been made. As stated by the Central Bank of Iraq, their mandate is to "ensure domestic price stability and foster a stable competitive market based financial system." For more information about the redenomination, read "Iraq Planning Currency Redenomination."