IQD - Iraqi Dinar

The Iraqi Dinar is the currency of Iraq. Our currency rankings show that the most popular Iraqi Dinar exchange rate is the IQD to USD rate. The currency code for Dinars is IQD, and the currency symbol is ع.د. 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 the Xe Currency Blog, or take IQD rates on the go with our Xe Currency Apps and website.

Notice: IQD may be redenominated.

During British occupation in World War I, the Indian Rupee was introduced as the first official currency of Iraq. In 1932, the Iraqi Dinar replaced the Rupee at a rate of 1 Dinar to 11 Rupees and was pegged to the British Pound until 1959. The peg was then switched to the US Dollar at a rate of 1 IQD to 2.8 USD. After the Gulf War in 1991, previously used Swiss printing technology was not available, resulting in new notes being of lesser quality. The previous versions of the Iraqi Dinar started being called Swiss Dinars. Due to excessive government printing of the new issue, the Dinar devalued quickly. New Dinar coins and notes were issued in 2003 to replace old Saddam notes to create a single unified currency.

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. Although the announcement stated that the change would take place by the end of 2010, no redenomination took place. 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 Re-denomination."

Iraqi Dinar Stats

NameIraqi Dinar
Symbolد.ع
Minor unit1/1000 = fils
Minor unit symbolfils
Inflation0.10%
Top IQD conversionIQD to USD
Top IQD chartIQD to USD chart

Iraqi Dinar Profile

CoinsFreq used: د.ع25, د.ع50, د.ع100
Bank notesFreq used: د.ع50, د.ع100, د.ع250, د.ع500, د.ع1000, د.ع5000, د.ع10000, د.ع25000
Central bankCentral Bank of Iraq
Users
Iraq

Live Currency Rates

CurrencyRateChange
EUR / USD1.16571
GBP / EUR1.18623
USD / JPY114.189
GBP / USD1.38280
USD / CHF0.918801
USD / CAD1.23124
EUR / JPY133.112
AUD / USD0.751573

Central Bank Rates

CurrencyInterest Rate
JPY-0.10%
CHF-0.75%
EUR0.00%
USD0.25%
CAD0.25%
AUD0.10%
NZD0.25%
GBP0.10%