Historic Iraqi dinar Burmese kyat

Iraqi dinar burmese kyat history for February 2024. The highest quote for this month is 1.6231 (29/02/2024) and the lowest 1.6221 (16/02/2024). The difference between high and low is 0.06.

IQD MMK average rate for February 2024 is 1.60029, the change between 01/02/2024 and 29/02/2024 is -2.2 %.

01 February 20241 IQD = 1.587 MMK
02 February 20241 IQD = 1.590 MMK
03 February 20241 IQD = 1.599 MMK
04 February 20241 IQD = 1.599 MMK
05 February 20241 IQD = 1.622 MMK
06 February 20241 IQD = 1.622 MMK
07 February 20241 IQD = 1.591 MMK
08 February 20241 IQD = 1.591 MMK
09 February 20241 IQD = 1.591 MMK
12 February 20241 IQD = 1.622 MMK
13 February 20241 IQD = 1.590 MMK
14 February 20241 IQD = 1.590 MMK
15 February 20241 IQD = 1.590 MMK
16 February 20241 IQD = 1.589 MMK
17 February 20241 IQD = 1.599 MMK
18 February 20241 IQD = 1.599 MMK
19 February 20241 IQD = 1.622 MMK
20 February 20241 IQD = 1.622 MMK
21 February 20241 IQD = 1.590 MMK
22 February 20241 IQD = 1.590 MMK
23 February 20241 IQD = 1.591 MMK
24 February 20241 IQD = 1.599 MMK
25 February 20241 IQD = 1.599 MMK
26 February 20241 IQD = 1.622 MMK
27 February 20241 IQD = 1.590 MMK
28 February 20241 IQD = 1.590 MMK
29 February 20241 IQD = 1.622 MMK

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

15/10/2018: Government Formation

The formation of a new Iraqi government after parliamentary elections brought hopes of stability and potential economic growth, positively impacting the Iraqi dinar.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

10/06/2014: ISIS captures Mosul

The capture of Mosul by ISIS led to a further devaluation of the Iraqi dinar and economic instability in the region.

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.

15/10/2004: Introduction of New Iraqi Dinar

A new series of banknotes with enhanced security features was introduced to replace the previous Iraqi dinar notes.

20/03/2003: US-led Invasion of Iraq

The US-led invasion led to the collapse of the Iraqi government, causing instability and a sharp decline in the value of the Iraqi dinar.

02/08/1990: Iraq invades Kuwait

Iraq's invasion of Kuwait resulted in international economic sanctions and further devaluation of the Iraqi dinar.

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

22/09/1980: Iran-Iraq War Begins

The Iran-Iraq war started, leading to significant economic challenges and inflation which impacted the Iraqi dinar.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.

03/10/1932: Independence of Iraq

The Iraqi dinar was introduced as the official currency of Iraq following its independence from British occupation.
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