Iraq Dinar

All the information about Iraqi Dinar in one place, that is what this resource page is all about!

If you're thinking about buying the new Dinar, Selling your currency or just looking for up to date information, then Iraq-Dinar.org is for you. We have compiled all things Iraq Dinar, categorized them for you and listed them along with detailed descriptions.

No matter how excited you are about investing, always do your research before investing. Below you'll find plenty of sites dedicated to the Iraq Dinar; these sites include dinar sellers, eBooks, banks, forums, news and much more; simply choose from one of the categories below.

If you have a resource dedicated to the Iraq Dinar, then please feel free to suggest it to the appropriate category.

Iraq Money - The Facts!

The Iraqi Dinar is Iraq's currency unit consisting of 1,000 fils or 20 dirhams. At the end of the British mandate in 1932, the Dinar was officially introduced and was worth the British pound sterling; this equated to $4.86 US Dollars at the time.

Until 1949, the Iraqi Dinar maintained its value of $4.86 and was then devalued and dropped to a value of a little over two dollars US. In 1959, Iraq officially removed the relationship of the dinar from the pound sterling as a symbol of independence, but the Iraqi Dinar remained at equal with the pound until the British unit of currency was again devalued in 1967.

Until December of 1971, the Iraqi Dinar remained equal to US $2.80 until major changes in world currencies began; then, in 1973, the US dollar was devalued and the Iraqi Dinar rose to $3.39 US and remained there until the Iraq War in the 80's.

In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation despite mounting debt. In early 1988, the official dinar-dollar exchange rate was still 1 IQD to US $3.22.

Because of the nation's inflation rate being estimated from 25 to 50 percent per year from 85 to 86, the real value of the Iraqi Dinar was around $1.50 per US dollar; however, many currency exchange or currency dealers mention the incorrect value of $3.22.

The Iraqi Dinar exchange rate is now at 1324, up from 1460 Dinars for 1 US dollar. In other words, $1 dollar will get you 1324 Dinars!