IQD · IQD
Iraqi Dinar (IQD)
The Iraqi Dinar (IQD) is the official currency of Iraq, issued by the Central Bank of Iraq. This page provides an overview of its history, denominations, and role in the economy.
Convert this currency
Converted amount
0.0008 USD
Exchange rate
1 IQD = 0.000764 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
IQD · Iraqi Dinar
Iraqi Dinar (IQD): Overview and History
The Iraqi Dinar (IQD) is the official currency of Iraq, issued and regulated by the Central Bank of Iraq. The dinar is subdivided into 1,000 fils, although fils are no longer used in everyday transactions due to inflation. Banknotes are available in denominations of 250, 500, 1,000, 5,000, 10,000, and 25,000 dinars, while coins are rarely used.
Historically, the Iraqi Dinar was introduced in 1932, replacing the Indian rupee. The currency has undergone significant changes due to economic sanctions, wars, and reconstruction efforts. In 2003, after the fall of the previous regime, new banknotes were issued to replace the old ones, featuring improved security features and a more modern design.
The value of the IQD is managed by the Central Bank of Iraq, which aims to maintain stability. The currency is primarily used within Iraq, and its exchange rate is subject to market conditions and government policies. For accurate and up-to-date rates, it is recommended to consult official financial sources.
- Code
- IQD
- Symbol
- IQD
- Current rate
- USD / IQD
Currency information
Last updated · 8/7/2026
The Iraqi dinar was introduced in 1932, replacing the Indian rupee.
- Official name
- Iraqi Dinar
- Legal tender status
- Legal tender in Iraq
- Decimal places
- 3
- Minor unit
- Fils · 1 IQD = 1000 Fils
- Countries
- Iraq
- Issuing authority
- Central Bank of Iraq
- Central bank
- Central Bank of Iraq · Official website
- Exchange-rate regime
- Managed float
Common banknotes
250 dinars · 500 dinars · 1000 dinars · 5000 dinars · 10000 dinars · 25000 dinars · 50000 dinars
Common coins
25 dinars · 50 dinars · 100 dinars · 200 dinars
Also known as
IQD · Iraqi Dinar · د.ع
Practical notes
- The Iraqi dinar is divided into 1,000 fils.
- Banknotes of 250 and 500 dinars are commonly used for small transactions.
Priority currency pairs
The most useful conversions for this currency.
Iraqi Dinar questions
What is the IQD exchange rate?
The displayed rate is the latest available reference rate for USD/IQD. It can change throughout the day.
How can I convert IQD online?
Use the converter above to calculate indicative amounts between IQD and the other supported currencies.