Historic Iraqi dinar South African rand

Iraqi dinar south african rand history for January 2024. The highest quote for this month is 0.014938 (17/01/2024) and the lowest 0.014828 (22/01/2024). The difference between high and low is 0.74.

IQD ZAR average rate for January 2024 is 0.01442, the change between 01/01/2024 and 31/01/2024 is -0.93 %.

01 January 20241 IQD = 0.0142 ZAR
02 January 20241 IQD = 0.0142 ZAR
03 January 20241 IQD = 0.0142 ZAR
04 January 20241 IQD = 0.0143 ZAR
05 January 20241 IQD = 0.0143 ZAR
06 January 20241 IQD = 0.0143 ZAR
07 January 20241 IQD = 0.0143 ZAR
08 January 20241 IQD = 0.0146 ZAR
09 January 20241 IQD = 0.0142 ZAR
10 January 20241 IQD = 0.0145 ZAR
11 January 20241 IQD = 0.0142 ZAR
12 January 20241 IQD = 0.0145 ZAR
14 January 20241 IQD = 0.0142 ZAR
15 January 20241 IQD = 0.0145 ZAR
16 January 20241 IQD = 0.0146 ZAR
17 January 20241 IQD = 0.0148 ZAR
18 January 20241 IQD = 0.0146 ZAR
19 January 20241 IQD = 0.0145 ZAR
22 January 20241 IQD = 0.0148 ZAR
23 January 20241 IQD = 0.0147 ZAR
24 January 20241 IQD = 0.0145 ZAR
25 January 20241 IQD = 0.0144 ZAR
26 January 20241 IQD = 0.0144 ZAR
28 January 20241 IQD = 0.0143 ZAR
29 January 20241 IQD = 0.0146 ZAR
30 January 20241 IQD = 0.0144 ZAR
31 January 20241 IQD = 0.0144 ZAR

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

02/08/1990: Iraq invades Kuwait

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

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

22/09/1980: Iran-Iraq War Begins

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

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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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