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Exchange rate

1,194.00 Iraqi Dinars = 1 USD
1 Iraqi Dinar = 0.000838 USD
  Iraqi Dinar Value for 7/4/2008
"Many play the lottery and place their hopes on mere numbers and odds. Some people gamble on sports stars and their chances at winning certain games. What about a gamble that might actually mean something, a gamble that involves not only more than yourself, but an entire people? A bet that just maybe a nation could move past totalitarian dictatorship & religious extremism to hopefully one day truly join the free world as full-fledged independent economy. This is your opportunity for just such a gamble, because who knows, it just might pay off."
 

Resources

FinancialStep.com - Financial Services Web Directory.
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2007: Dinar Exchange Rate
The dollar exchange rate against Iraqi dinar is stable for the first time in two months

January 01, 2007
  • The demand for the dollar recorded a slight fallback, hitting six million and 665 thousand dollars against seven million and 300 thousand dollars last Wednesday.
  • The purchase orders distributed between five million and 925 thousand dollars in cash and 730 thousand dollars in the form of remittances to abroad; the bank fully covered them at an exchange rate amounted to 1325 iraqi dinar.

  • On their part, the six banks participating in the auction made offers to sell the dollar hit 730 thousand dollars bought by the bank in full at an exchange rate reached 1323 iraq dinar.
  • The economic and industrial expert, Abdul Razzaq Sadiq Al-Abayachi, described in a statement the stability of the exchange rate as a positive indication that will allow the market to restore its health and mend the damages caused by the daily and frequent drop of the exchange rates which caused transactions to lose credibility.
  • Al-Abayachi pointed out that the long holiday the auction will have for more than a week because of Eid Al-Adha, will allow much of the smooth circulation, without risks of the decline of the currency, and the settlement of a number of trade deals. (Source) AlSabah
 
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