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Current Exchange Rate

1,199.00 Iraqi Dinars = 1 USD
1 Iraqi Dinar = 0.000834 USD
  Iraqi Dinar Value for 5/12/2008
"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: Government Report on Australia's aid program to Iraq
November 7, 2007

The goal of the program is to support the Iraq reconstruction effort by improving the quality of life of the Iraqi people and strengthening governance systems and security. Australia has an interest in a secure and democratic Iraq.
In the face of challenges, Iraq continues to make progress in important areas. Significant achievements include the adoption of the new Iraqi Constitution, national elections in 2005 and the formation of a national unity government in 2006. Economic reforms are opening up market opportunities in many areas in Iraq. Service delivery is improving as reforms and investments occur.

Iraq's Development Priorities

The Iraqi Government is working with the international community to address the many challenges facing the country. It is focusing on meeting basic needs, such as ensuring access to adequate food, water and power, protecting the rights of its citizens and ensuring the optimal use of resources.

Iraq has prepared a National Development Strategy for 2005 to 2007, outlining its plans to develop a peaceful, democratic and prosperous nation that is fully integrated into the global economy. The strategy lists four reconstruction priorities: strengthening the foundations of economic growth; revitalizing the private sector; improving the quality of life for Iraqi people; and strengthening good governance and security.

In July 2006 the Iraqi Government and the United Nations launched the International Compact for Iraq, which aims to reform Iraq's economic, political, security and social sectors with the support of the international community.

Helping to Rebuild Services and Systems

Australia's assistance to Iraq supports the development objectives of the Iraqi Government. During 2007 to 2010, Australia will continue to support programs to improve basic services and build Iraq's capacity in key sectors such as economic management; law and justice, human rights and public sector reform.

Australia is maximizing the impact of its aid by focusing on specific opportunities and sectors which could benefit most from its expertise, such as agriculture.

From March 2003 until June 2007, Australia has committed over A$173 million to reconstruction, rehabilitation and humanitarian projects in Iraq through the aid program. In 2004, Australia agreed to forgive 80 percent of Iraq's debt, totaling about US$850 million.
 
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