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Exchange rate

1,171.00 Iraqi Dinars = 1 USD
1 Iraqi Dinar = 0.000854 USD
  Iraqi Dinar Value for 1/6/2009
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Resources

FinancialStep.com - Financial Services Web Directory.
American Express
2007: Iraqi cabinet approves oil draft law
April 30, 2007

The Iraqi Prime Minister said that the Iraqi Cabinet accepted a draft law which states how Iraq's oil profits will be shared, it will also outline terms of how foreign oil agencies will be able to operate in the country, Iraq Development Program reported.

Under the terms of the new draft law, the Iraqi National Oil Company (INOC) will be independently functional and joined with oil companies around the country.

Iraq's Deputy Prime Minister stated that the oil sector's profits will be put in a central account and distributed according to population and that the draft law will be put into action by the end of this month.
 
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