Historic Iraqi dinar Saudi riyal

Iraqi dinar saudi riyal history for February 2024. The highest quote for this month is 0.002925 (19/02/2024) and the lowest 0.002938 (02/02/2024). The difference between high and low is -0.44.

IQD SAR average rate for February 2024 is 0.00288, the change between 01/02/2024 and 29/02/2024 is -2.23 %.

01 February 20241 IQD = 0.0029 SAR
02 February 20241 IQD = 0.0029 SAR
03 February 20241 IQD = 0.0029 SAR
04 February 20241 IQD = 0.0029 SAR
05 February 20241 IQD = 0.0029 SAR
06 February 20241 IQD = 0.0029 SAR
07 February 20241 IQD = 0.0029 SAR
08 February 20241 IQD = 0.0029 SAR
09 February 20241 IQD = 0.0029 SAR
12 February 20241 IQD = 0.0029 SAR
13 February 20241 IQD = 0.0029 SAR
14 February 20241 IQD = 0.0029 SAR
15 February 20241 IQD = 0.0029 SAR
16 February 20241 IQD = 0.0029 SAR
18 February 20241 IQD = 0.0029 SAR
19 February 20241 IQD = 0.0029 SAR
20 February 20241 IQD = 0.0029 SAR
21 February 20241 IQD = 0.0029 SAR
22 February 20241 IQD = 0.0029 SAR
23 February 20241 IQD = 0.0029 SAR
24 February 20241 IQD = 0.0029 SAR
25 February 20241 IQD = 0.0029 SAR
26 February 20241 IQD = 0.0029 SAR
27 February 20241 IQD = 0.0029 SAR
28 February 20241 IQD = 0.0029 SAR
29 February 20241 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.
IQD SAR December 2023
IQD SAR January 2024
IQD SAR February 2024
IQD SAR March 2024
IQD SAR April 2024
IQD SAR May 2024
IQD SAR June 2024
IQD SAR July 2024
IQD SAR August 2024
IQD SAR September 2024
IQD SAR October 2024
IQD SAR November 2024
IQD SAR December 2024