Iraqi dinar · IQD
ع.د symbol · 1 country currently using this currency.
Currency info
Adopted: 1932
Currency family: Other
The Iraqi dinar is one of the world's lowest-valued currencies by exchange rate, with over 1,300 dinars equaling one US dollar.
- Introduced in 1932 when Iraq gained independence, replacing the Indian rupee
- Pegged to the British pound sterling until 1959, then to a basket of currencies
- Severely devalued during the 1990s due to international sanctions and economic crisis
- Redenominated in 2003 with new banknotes issued after the fall of Saddam Hussein's regime
- Currently managed by the Central Bank of Iraq with a managed float exchange rate
Countries currently using this currency
Related
Other Other currencies
Historical predecessor
Indian rupee