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The Iraqi dinar [a] (code: IQD) [2] is the currency of Iraq. The Iraqi dinar is issued by the Central Bank of Iraq (CBI). On 7 February 2023, the exchange rate with the US Dollar was US$1 = 1300 dinars. [3]
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1965 saw the first revaluation of the dinar since the World War II. In 1965, banknotes were introduced in denominations of 5, 10, 50 and 100 dinara. They used the same obverse design as the 1955 notes. 500 dinara notes were added in 1970, followed by 20 and 1,000 dinara in 1974. 5,000 dinara notes featuring a portrait of the late President ...
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The Iraq Currency Board pursued a "conservative monetary policy, maintaining very high reserves behind the dinar", which was "further strengthened by its link to the British pound". [4] In 1949, the currency board was replaced by the National Bank of Iraq, which had been founded two years before on 16 November 1947.
Brazilian real = 2 750 cruzeiros reais = United States dollar: 1 July 1994 Yugoslav novi dinar = 10~13 million 1994 dinara = Deutsche Mark: 24 January 1994 2nd Polish złoty = 1.8 million Polish marka = Swiss franc: 1 April 1924 This table is not exhaustive.
Revaluation is a change in a price of a good or product, or especially of a currency, in which case it is specifically an official rise of the value of the currency in relation to a foreign currency in a fixed exchange rate system. In contrast, a devaluation is an official reduction in the value of the currency.