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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: Lower demand for dollar in daily auction

November 1, 2007

Demand for the dollar was down in the Iraqi Central Bank’s auction on Thursday, reaching $69.745 million compared to $79.485 million on Wednesday.
In its daily statement, the bank said it had covered all bids, including $6.965 million in cash and $62.780 in foreign transfers, at an exchange rate of 1,232 dinars per dollar, unchanged for the 14th session in a row.

None of the 15 banks that participated in Thursday's session offered to sell dollars for the second time this week.
In statements to the independent news agency Voices of Iraq (VOI), Ali al-Yasseri, a trader, said that the demand for the dollar was affected this week by the remittances factor only, while there is stability in bids for cash during this week's sessions because of the stability in the exchange rate in an attempt to decrease the exchange rate.
The Iraqi Central Bank runs a daily auction from Sunday to Thursday.

Source: Voices of Iraq
 
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