| 1 $ = | Start | 10/10/2026 | Change | |
| Last 24 hours | 1,310.5 ID | ⇨ | 1311 ID | +0% |
| Last week | 1,310 ID | ⇨ | 1311 ID | +0.04% |
| Last month | 1,310.5 ID | ⇨ | 1311 ID | +0% |
| Last year | 1,317.2 ID | ⇨ | 1311 ID | -0.51% |
| Currency | 10/03/2026 | 10/10/2026 | Change | |
| Ugandan Shilling (UGX) | 3,989.6 USh | ⇨ | 4,088.7 USh | +2.49% |
| Dominican Peso (DOP) | 60.05 RD$ | ⇨ | 61.304 RD$ | +2.09% |
| Russian Ruble (RUB) | 83.633 руб | ⇨ | 85.16 руб | +1.82% |
| Malagasy Ariary (MGA) | 4,430 Ar | ⇨ | 4,502.5 Ar | +1.64% |
| Mexican Peso (MXN) | 18.161 $ | ⇨ | 18.414 $ | +1.39% |
| Mauritian Rupee (MUR) | 48.15 Rs | ⇨ | 47.46 Rs | -1.43% |
| Afghan Afghani (AFN) | 66 Af | ⇨ | 65 Af | -1.52% |
| Colombian Peso (COP) | 3,272.1 $ | ⇨ | 3,195.3 $ | -2.35% |
| Paraguayan Guaraní (PYG) | 5,849.6 ₲ | ⇨ | 5,687.4 ₲ | -2.77% |
| Brazilian Real (BRL) | 5.2108 R$ | ⇨ | 4.9908 R$ | -4.22% |
| See also: 24h, monthly and yearly currency moves | ||||
| Currency name | Iraqi Dinar |
| Symbol | ID |
| Also known as | IQD, Iraqi Dinar, 1 ID = 1000 fils |
| ISO code | IQD |
| Banknotes | 250, 500, 1000, 5000, 10000, 25000, 50000 ID |
| Coins | 25, 50, 100, 250 fils |
| Central bank | Central Bank of Iraq (CBI) - Website: www.cbi.iq |
| Countries | 1 country: Iraq (capital: Baghdad, major cities: Baghdad, Basra, Mosul) |
| Population | 41 mil. |
History
The Iraqi dinar (IQD) is a currency whose modern history has been marked by conflict, sanctions, and reconstruction. Iraq has monetary roots stretching back to ancient Mesopotamia — Babylon and Sumer — where the world's earliest recorded economic systems used silver by weight for transactions, an ancient precedent for monetary exchange.
The modern Iraqi dinar was introduced in 1931, replacing the Indian rupee that had circulated during the British Mandate period (1920–1932). The currency was initially pegged at par with the British pound. Iraq's oil wealth, nationalised in the 1970s, provided resources that made the dinar one of the region's stronger currencies at its peak.
Saddam Hussein's costly wars — the Iran-Iraq War (1980–1988) and the Gulf War (1990–1991) — destroyed this stability. The Gulf War and subsequent UN sanctions cut off Iraq from international trade and finance. Hyperinflation followed: the dinar, which had traded at 3 per dollar before the Gulf War, collapsed to thousands per dollar by the late 1990s. Two parallel currencies existed: "Swiss dinars" (printed before the Gulf War) used in Kurdish regions, and "Saddam dinars" in government areas.
After the 2003 US-led invasion that toppled Saddam Hussein, a new Iraqi dinar was introduced in October 2003, unified at 1,500 IQD/USD. The Central Bank of Iraq has managed the currency under a managed float, supported by oil revenues. The currency has remained broadly stable since 2003, trading around 1,300–1,500 per dollar.
Sources:
"Iraqi dinar", Wikipedia, https://en.wikipedia.org/wiki/Iraqi_dinar
"Central Bank of Iraq", Wikipedia, https://en.wikipedia.org/wiki/Central_Bank_of_Iraq