The Iraqi Dinar (IQD) is the official currency of Iraq, a nation with a complex history and ongoing economic challenges. The IQD symbolizes economic strength and stability in Iraq, and its exchange rate holds significant importance in both local and international financial transactions.
IQD Exchange Rates in Perspective:
Iraq’s exchange rate policy involves a managed floating system, where the IQD’s value is influenced by factors like oil prices, political stability, and foreign investments. Given Iraq’s reliance on oil exports, global oil market dynamics play a crucial role in the IQD exchange rate.
Iraq Map Location – Location of Iraq on Maps:
IQD vs. US Dollar (USD): The IQD to USD exchange rate is of paramount importance for Iraq’s economy, as many international transactions, including oil sales, are priced in USD.
IQD vs. Iranian Rial (IRR): Iraq shares a border and economic ties with Iran, making the IQD to IRR rate significant for trade and investment activities between the two nations.
IQD vs. Turkish Lira (TRY): Iraq’s proximity to Turkey and strong trade relations make the IQD to TRY rate important for businesses and investors involved in Iraq-Turkey trade.
IQD vs. Kuwaiti Dinar (KWD): Iraq’s relationship with Kuwait, particularly in the context of reparations and trade, makes the IQD to KWD rate relevant for bilateral economic activities.
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