Iraqi dinar saudi riyal exchange rate history (IQD SAR) December 2023

Iraqi dinar saudi riyal history for December 2023. The highest quote for this month is 0.002927 (20/12/2023) and the lowest 0.002952 (14/12/2023). The difference between high and low is -0.85.

IQD SAR average rate for December 2023 is 0.00288, the change between 01/12/2023 and 31/12/2023 is +2.05 %.

01 December 2023	1 IQD = 0.0029 SAR
03 December 2023	1 IQD = 0.0029 SAR
04 December 2023	1 IQD = 0.0029 SAR
05 December 2023	1 IQD = 0.0029 SAR
06 December 2023	1 IQD = 0.0029 SAR
07 December 2023	1 IQD = 0.0029 SAR
08 December 2023	1 IQD = 0.0029 SAR
10 December 2023	1 IQD = 0.0029 SAR
11 December 2023	1 IQD = 0.0029 SAR
12 December 2023	1 IQD = 0.0029 SAR
13 December 2023	1 IQD = 0.0029 SAR
14 December 2023	1 IQD = 0.0029 SAR
15 December 2023	1 IQD = 0.0029 SAR
16 December 2023	1 IQD = 0.0029 SAR
17 December 2023	1 IQD = 0.0029 SAR
18 December 2023	1 IQD = 0.0029 SAR
19 December 2023	1 IQD = 0.0029 SAR
20 December 2023	1 IQD = 0.0029 SAR
21 December 2023	1 IQD = 0.0029 SAR
22 December 2023	1 IQD = 0.0029 SAR
23 December 2023	1 IQD = 0.0029 SAR
24 December 2023	1 IQD = 0.0029 SAR
25 December 2023	1 IQD = 0.0029 SAR
26 December 2023	1 IQD = 0.0029 SAR
27 December 2023	1 IQD = 0.0029 SAR
28 December 2023	1 IQD = 0.0029 SAR
29 December 2023	1 IQD = 0.0029 SAR

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.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

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.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

02/08/1990: Iraq invades Kuwait

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

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

22/09/1980: Iran-Iraq War Begins

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

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

03/10/1932: Independence of Iraq

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

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

Historic Iraqi dinar Saudi riyal