Nigerian Naira iraqi dinar exchange rate history (NGN IQD) February 2024

Nigerian Naira iraqi dinar history for February 2024. The highest quote for this month is 1.0955 (01/02/2024) and the lowest 1.075 (01/02/2024). The difference between high and low is 1.87.

NGN IQD average rate for February 2024 is 0.89222, the change between 01/02/2024 and 29/02/2024 is +28.35 %.

01 February 2024	1 NGN = 1.096 IQD
02 February 2024	1 NGN = 1.097 IQD
03 February 2024	1 NGN = 0.9263 IQD
04 February 2024	1 NGN = 0.9263 IQD
05 February 2024	1 NGN = 1.086 IQD
06 February 2024	1 NGN = 0.9168 IQD
07 February 2024	1 NGN = 0.9293 IQD
08 February 2024	1 NGN = 0.9220 IQD
09 February 2024	1 NGN = 0.9319 IQD
12 February 2024	1 NGN = 0.8690 IQD
13 February 2024	1 NGN = 0.8703 IQD
14 February 2024	1 NGN = 0.8633 IQD
15 February 2024	1 NGN = 0.8628 IQD
16 February 2024	1 NGN = 0.8624 IQD
17 February 2024	1 NGN = 0.8769 IQD
18 February 2024	1 NGN = 0.8769 IQD
19 February 2024	1 NGN = 0.8587 IQD
20 February 2024	1 NGN = 0.8585 IQD
21 February 2024	1 NGN = 0.8146 IQD
22 February 2024	1 NGN = 0.8142 IQD
23 February 2024	1 NGN = 0.8142 IQD
24 February 2024	1 NGN = 0.8795 IQD
25 February 2024	1 NGN = 0.8795 IQD
26 February 2024	1 NGN = 0.7975 IQD
27 February 2024	1 NGN = 0.8472 IQD
28 February 2024	1 NGN = 0.8286 IQD
29 February 2024	1 NGN = 0.7849 IQD

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

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.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

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.

20/03/2003: 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.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

02/08/1990: Iraq invades Kuwait

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

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

22/09/1980: Iran-Iraq War Begins

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

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

03/10/1932: Independence of Iraq

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

Historic Nigerian Naira Iraqi dinar