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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.
After the fall of Saddam Hussein's government, the Central Bank of Iraq was established as Iraq's independent central bank by the Central Bank of Iraq Law 2004, with authorised capital of 100 billion dinars. [12] According to the law, 100% of the bank's capital stock would be held by the State and would not be transferable. [13]
The Coalition Provisional Authority (Arabic: سلطة الائتلاف المؤقتة, romanized: Sultat Alaitilaf Almuaqata; Kurdish: دەسەڵاتی کاتی هاوپەیمانی, romanized: Desteya Demkî ya Hevbendiyê, abbr. CPA) was a transitional government of Iraq established following the invasion of the country on 19 March 2003 by U.S.-led Coalition forces.
"The Iraqi government is serious about continuing on the path of reform and fighting corruption," Alaadin said. ... which has led the Iraqi dinar to change hands at more than 1,500 per dollar in ...
Present currency ISO 4217 code Country or dependency (administrating country) Currency symbol Saudi riyal [1] SAR Saudi Arabia [2] Algerian dinar: DZD Algeria: دج (Arabic) or DA (Latin) Bahraini dinar [3] BHD Bahrain.د.ب [4] Iraqi dinar [5] IQD Iraq: ع.د [6] Jordanian dinar [7] JOD Jordan: ينار [8] Kuwaiti dinar [9] KWD Kuwait: ك [9 ...
Iraq's central bank will ban five more local banks from engaging in U.S. dollar transactions, a move that comes after meetings with U.S. Treasury officials in efforts to combat money laundering ...
The official currency in Iraq is the Iraqi dinar. The CPA issued new dinar coins and notes, with the notes printed by De La Rue using modern anti-forgery techniques. [124] Jim Cramer's 20 October 2009 endorsement of the Iraqi dinar on CNBC has further piqued interest in the investment. [125]
Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons (defined to include US corporations) from attachment as well.
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