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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.
The dinar (/ d ɪ ˈ n ɑː r /) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار ( dīnār ), which was borrowed via the Syriac dīnarā from the Latin dēnārius .
The Jordanian dinar (Arabic: دينار أردني; code: JOD; unofficially abbreviated as JD) has been the currency of Jordan since 1950. The dinar is divided into 100 qirsh (also called piastres) or 1000 fulus. Fils are effectively obsolete; however, monetary amounts are still written to three decimal places representing fils.
The economy of Iraq is dominated by the oil sector, which has provided about 99.7% of foreign exchange earnings during its modern history. [18] As of 2021, the oil sector provides about 92% of foreign exchange earnings. [19] Iraq 's hitherto agrarian economy underwent rapid development following the 14 July Revolution (1958) which overthrew the ...
On 1 May 1986, the dinar was allowed to trade in a 7.5% range of 2.80 SDRs. This range was expanded several times. The currency started to devalue gradually relative to the US dollar in the mid-1990s, reaching a value of US$1.55 in 2001. The dinar was devalued by 50% to US$0.77 in 2002. [2]
The Kuwaiti dinar (Arabic: دينار كويتي, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fulūs. [2] As of 2023, the Kuwaiti dinar is the currency with the highest value per base unit, with KD 1 equalling US$ 3.26, [3] ahead of the Bahraini dinar with BD 1 equalling US$2.65 and Omani rial at US$2.60.
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