IQD

Iraqi Dinar

IQD is the official currency of Iraq. It is issued by the Central Bank of Iraq and is subdivided into 1,000 fils, though fils coins are no longer in circulation.

The modern dinar was introduced in 2003 following the Iraq War, replacing old Saddam-era banknotes. The currency experienced significant volatility during years of conflict. The Central Bank of Iraq works to maintain stability through foreign exchange auctions and monetary policy measures.

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