


IQD information
About Iraqi Dinar (IQD)
The Iraqi Dinar (IQD), the official currency of Iraq, is a significant symbol of the nation's economic and political history. It is commonly abbreviated as IQD and represented by the symbol ع.د. Introduced in 1932, replacing the Indian Rupee, the Dinar has been a witness to Iraq’s rich cultural heritage, vast economic changes, and periods of conflict and reconstruction.
Historical Background
The Iraqi Dinar was established when Iraq was a British mandate following World War I. The decision to replace the Indian Rupee with the Dinar was part of Iraq’s initial steps towards establishing a sovereign state. The currency has since undergone several transformations, reflecting the country’s turbulent history, including coups, wars, and economic sanctions.
Design and Symbolism
The design of the Iraqi Dinar reflects the country's rich history and diverse culture. Banknotes feature important historical figures, such as King Faisal I, and landmarks that symbolize Iraq’s ancient civilization, like the Great Mosque of Samarra. The notes also showcase Iraq’s natural beauty, including rivers and palm trees, representing the country’s agricultural heritage.
Economic Role
The Dinar is central to Iraq’s economy, driven primarily by oil exports. It facilitates all economic activities within the country, from government spending to local trade. The stability of the Dinar is crucial for economic growth, affecting everything from foreign investment to the purchasing power of ordinary Iraqis.
Monetary Policy and Inflation
Managed by the Central Bank of Iraq, the Dinar’s value has been subject to fluctuations due to political instability, economic sanctions, and fluctuating oil prices. The bank’s policies aim to stabilize the currency, control inflation, and foster a climate conducive to economic recovery and growth.
The Dinar in International Trade
Given Iraq’s status as a major oil exporter, the Dinar plays a significant role in international trade within the energy sector. The currency’s exchange rate against global currencies impacts Iraq’s trade balance and overall economic stability.
Sanctions and the Dinar
Economic sanctions have historically impacted the Dinar’s value and Iraq’s economy. The lifting of sanctions and subsequent economic reforms play a crucial role in the Dinar’s recovery and the nation’s reintegration into the global economy.
DRIFT to IQD conversion rate trend
DRIFT to IQD market statistics
More info about Drift on Bitget
Current DRIFT to IQD exchange rate
Drift to Iraqi dinar is rising this week.DRIFT to IQD Conversion tables
The exchange rate of Drift is decreasing.DRIFT to IQD
IQD to DRIFT
DRIFT to IQD Today vs. 24 hours ago
Amount | 09:41 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 DRIFT | ع.د383.76 | ع.د401.76 | -4.48% |
1 DRIFT | ع.د767.52 | ع.د803.52 | -4.48% |
5 DRIFT | ع.د3,837.62 | ع.د4,017.61 | -4.48% |
10 DRIFT | ع.د7,675.23 | ع.د8,035.22 | -4.48% |
50 DRIFT | ع.د38,376.17 | ع.د40,176.08 | -4.48% |
100 DRIFT | ع.د76,752.34 | ع.د80,352.16 | -4.48% |
500 DRIFT | ع.د383,761.69 | ع.د401,760.82 | -4.48% |
1000 DRIFT | ع.د767,523.38 | ع.د803,521.64 | -4.48% |
DRIFT to IQD Today vs. 1 month ago
Amount | 09:41 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 DRIFT | ع.د383.76 | ع.د465.45 | -17.54% |
1 DRIFT | ع.د767.52 | ع.د930.89 | -17.54% |
5 DRIFT | ع.د3,837.62 | ع.د4,654.46 | -17.54% |
10 DRIFT | ع.د7,675.23 | ع.د9,308.92 | -17.54% |
50 DRIFT | ع.د38,376.17 | ع.د46,544.6 | -17.54% |
100 DRIFT | ع.د76,752.34 | ع.د93,089.19 | -17.54% |
500 DRIFT | ع.د383,761.69 | ع.د465,445.97 | -17.54% |
1000 DRIFT | ع.د767,523.38 | ع.د930,891.93 | -17.54% |
DRIFT to IQD Today vs. 1 year ago
Amount | 09:41 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 DRIFT | ع.د383.76 | ع.د65.15 | +487.35% |
1 DRIFT | ع.د767.52 | ع.د130.31 | +487.35% |
5 DRIFT | ع.د3,837.62 | ع.د651.53 | +487.35% |
10 DRIFT | ع.د7,675.23 | ع.د1,303.05 | +487.35% |
50 DRIFT | ع.د38,376.17 | ع.د6,515.27 | +487.35% |
100 DRIFT | ع.د76,752.34 | ع.د13,030.53 | +487.35% |
500 DRIFT | ع.د383,761.69 | ع.د65,152.65 | +487.35% |
1000 DRIFT | ع.د767,523.38 | ع.د130,305.3 | +487.35% |
How to convert DRIFT to IQD



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