Iraqi Dinar - Quote - Chart - Historical Data (2024)

FAQs

Iraqi Dinar - Quote - Chart - Historical Data? ›

At the end of 1995, 1 USD was priced at 3,000 IQD.

At the end of 1995, 1 USD was priced at 3,000 IQD.

The old dinar was worth $3.20 before the United Nations embargo that followed Iraq's invasion of Kuwait in 1990. By August 2002, the dinar had plummeted to a fraction of a penny.

By not following the US devaluations in 1971 and 1973, the official rate rose to US$3.3778, before a 5% devaluation reduced its rate to US$3.2169, a rate which remained until the Gulf War in 1990, although in late 1989 the black market rate was reported at five to six times higher than the official rate.

Will Iraqi Dinar get stronger against US Dollar in 2024? Iraqi Dinar is expected to rise by 0.11% against the US Dollar by the end of 2024, as the USD/IQD rate is expected to reach IQD 1,310.43.

After spiking to 7 percent in January, inflation has begun to moderate—reflecting lower international commodity prices as well as a 10-percent revaluation of the dinar—and is projected to average 5.6 percent in 2023.

The value of the Iraqi dinar is fixed by the Iraqi government and does not change, unless the central bank changes the exchange rate. This means that the government decrees the price for sale and purchase of the currency.

The bottom line. Buying the Iraqi Dinar as an investment is extremely risky and should be avoided. There is a high degree of uncertainty when it comes to the future development of Iraq, and the Iraqi Dinar has very poor liquidity.

Can you exchange Iraqi dinar at a bank? ›

In Iraq, dollars can be exchanged pretty much anywhere. In the US, dinar exchange is not allowed at banks.

The best place to sell Iraqi dinars for USD is through a reputable online currency exchange service. These services typically offer the best exchange rates and the most convenient way to sell your currency.

The Iraqi money is backed by foreign exchange, treasury notes and precious metals such as gold. Iraq does not maintain a gold standard.

Money Supply M0 in Iraq remained unchanged at 165612 IQD Billion in January. Money Supply M0 in Iraq averaged 62866.98 IQD Billion from 2004 until 2024, reaching an all time high of 165612.00 IQD Billion in December of 2023 and a record low of 7148.00 IQD Billion in January of 2004. source: Central Bank of Iraq.

The Iraqi dinar “investment” opportunity is a scam that has been around for a few years and has recently been regaining much of its former popularity. The opportunity is pitched as a way to profit from a nearly worthless Iraqi dinar that are “sure” to appreciate in the future.

Starting on October 15, 2003 a new national currency known as the 'new Iraqi dinar' will begin to replace the existing currency, the 'old dinar', and the currency used in the North of Iraq, the 'swiss dinar'.

This is the Iraqi Dinar (IQD) to US Dollar (USD) exchange rate history data page for the year of 2010, covering 295 days of IQD USD historical data. Best exchange rate: 0.0009 USD on 28 Dec 2010. Average exchange rate in 2010: 0.0009 USD. Worst exchange rate: 0.0008 USD on 31 Dec 2010.