The Iraqi Dinar is the currency of Iraq.

DINARES GURUS

Our currency rankings show that the most popular Iraq Dinar exchange rate is the USD to IQD rate. 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.

IQD may be redenominated. Central Bank of Iraq Website: During British occupation in World War I, the Indian Rupee was introduced as the first official currency of Iraq.

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In , the Iraqi Dinar replaced the Rupee at a rate of 1 Dinar to 11 Rupees and was pegged to the British Pound until The peg was then switched to the US Dollar at a rate of 1 IQD to 2. After the Gulf War in , 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 to replace old Saddam notes to create a single unified currency. In , 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 , 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. We use cookies to understand our site usage and to customize your experience, including advertising.

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Why are you interested in the IQD? Iraqi Dinar History During British occupation in World War I, the Indian Rupee was introduced as the first official currency of Iraq. Central Bank Rates JPY Get an XE account Sign up FREE! Tools Currency Converter Currency Charts Currency Emails Historical Rates Expense Calculator IBAN Calculator Rate Alerts Transfer Money XE Money Transfer Why XE?

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