What is the national currency of Iraq?

What is the national currency of Iraq?

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.

What is the three letter currency code for the Iraqi dinar?

The three letter currency code for the Iraqi dinar is IQD — symbol is ع.د . Which countries use the Iraqi dinar? It is the domestic currency in Iraq. Is the Iraqi dinar a closed currency? No, the Iraqi dinar is freely available and convertible. See guide: What is a closed currency?

What is the history of the Iraqi dinar?

Iraqi Dinar History. 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.

What will the Iraqi dinar be worth in 2021?

Iraqi Dinar – data, forecasts, historical chart – was last updated on December of 2021. The Iraqi Dinar is expected to trade at 1479.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1543.88 in 12 months time.

When did the Iraqi dinar replace the rupee?

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.

What is the Iraqi Dinar (IQD)?

IQD – Iraqi 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.