Historic Norwegian krone Iraqi dinar

Norwegian krone iraqi dinar history for July 2023. The highest quote for this month is 129.56 (19/07/2023) and the lowest 134.44 (27/07/2023). The difference between high and low is -3.77.

NOK IQD average rate for July 2023 is 126.35381, the change between 01/07/2023 and 31/07/2023 is -5.75 %.

03 July 20231 NOK = 118.6 IQD
04 July 20231 NOK = 122.4 IQD
05 July 20231 NOK = 120.6 IQD
06 July 20231 NOK = 122.5 IQD
07 July 20231 NOK = 121.6 IQD
10 July 20231 NOK = 119.7 IQD
11 July 20231 NOK = 125.1 IQD
12 July 20231 NOK = 126.5 IQD
13 July 20231 NOK = 129.4 IQD
14 July 20231 NOK = 131.5 IQD
17 July 20231 NOK = 127.4 IQD
18 July 20231 NOK = 130.0 IQD
19 July 20231 NOK = 130.2 IQD
20 July 20231 NOK = 130.3 IQD
21 July 20231 NOK = 127.5 IQD
24 July 20231 NOK = 127.1 IQD
25 July 20231 NOK = 130.1 IQD
26 July 20231 NOK = 130.0 IQD
27 July 20231 NOK = 129.2 IQD
28 July 20231 NOK = 128.6 IQD
31 July 20231 NOK = 125.4 IQD

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.

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

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.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

02/08/1990: Iraq invades Kuwait

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

22/09/1980: Iran-Iraq War Begins

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

03/10/1932: Independence of Iraq

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

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.