The Iraqi dinar is an official national currency and used only in Iraq. 1 dinar is devided into 1000 Fils.
ISO 4127:
IQD
Numeric:
368
100.00 Iraqi dinars = 0.076 US dollars
↔ Reverse currencies
Exchange rate history 10000 IQD in USD
The graph shown here shows the exchange rate development from January 2017 to December 2023. The exchange rate for 10000 IQD moved during this time from USD 8.45 to USD 7.62. In these 83 months it fell by 9.8 percent.
Currency reserves for the Iraqi dinar
According to the International Monetary Fund, the total broad money (M3) amounted to IQD 139.886 trillion at the end of 2021. For currency hedging, reserves were held in a total amount of 93.135 trillion dinars. This corresponds to a ratio of 1:1.5. Or in other words, 10 of 15 dinars are deposited with a countervalue, which is internationally already above average.
Approximately 7.290 trillion dinars (7.8%) of the currency reserves exist in gold reserves. The remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.
› Worldwide currency and gold reserves
Sources
All conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.
Currency and gold reserves worldwideReserve assets and gold holdings in proportion to the money stock. An international comparison of currency hedging.
Cost of living in a global comparisonRanking of international living costs from 102 countries compared to the US
Extent of public corruption in GermanySituation and development of corruption in Germany in a worldwide comparison
I'm well-versed in finance, economics, and currency systems, with extensive knowledge in global currencies and exchange rates. Let's dive into the concepts related to the Iraqi dinar and the financial aspects mentioned in the article.
Iraqi Dinar Overview:
- Currency Division: The Iraqi dinar is the official currency of Iraq and is subdivided into smaller units known as Fils, with 1 dinar equal to 1000 Fils.
- ISO Code & Numeric Code: The ISO code for the Iraqi dinar is IQD, and its numeric code is 368, as per ISO 4127 standards.
- Exchange Rate: The exchange rate fluctuates against other currencies. For example, as of December 2023, 100 Iraqi dinars were approximately equivalent to 0.076 US dollars, indicating a fluctuation from an earlier rate of USD 8.45 to USD 7.62 over 83 months, marking a 9.8% decrease.
Currency Reserves for the Iraqi Dinar:
- Broad Money (M3): As of the end of 2021, the total broad money (M3) in Iraq amounted to IQD 139.886 trillion.
- Reserve Holding: The country held reserves amounting to 93.135 trillion dinars, maintaining a ratio of 1:1.5, where 10 out of 15 dinars are deposited with a countervalue. This ratio surpasses international averages.
- Composition of Reserves: Approximately 7.8% (7.290 trillion dinars) of the reserves exist in gold, with the rest comprising foreign currencies, special drawing rights in the IMF, and other reserve positions.
Financial Sources:
- Exchange Rates: The exchange rate data utilized in the article is sourced from the European Central Bank.
- Currency and Gold Reserves: Information on currency and gold reserves is drawn from the International Monetary Fund (IMF).
- Worldwide Currency and Gold Reserves: A comparison of reserve assets and gold holdings globally, illustrating an international comparison of currency hedging strategies.
Other Mentioned Concepts:
- Cost of Living Comparison: The article might also delve into a comparison of living costs across 102 countries, likely comparing these costs to those in the United States.
- Extent of Public Corruption in Germany: There might be an analysis discussing the state and trends of corruption in Germany within a global context.
These topics intertwine finance, economics, and global socio-political landscapes, showcasing the interconnected nature of currency valuation, reserves, and socio-economic indicators.
Understanding the intricacies of exchange rates, reserve holdings, and global financial dynamics is crucial in comprehending the complexities that underlie a nation's economic stability and its comparative standing in the global economic landscape.
