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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."
 

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Iraq News
$5 billion to build four thousand schools and health projects in Iraq
May 5, 2008

Iraq’s Minister of Education, Dr. Khudair Alkhozai, announced the appointment of 20 thousand teachers during the second half of this year within the cadres of Directorates of Education in Baghdad and other governorates.
Full Article
 
Iraq’s Ministry of Industry invites investors to spend on rehabilitation and modernization
May 4, 2008

The Ministry of Industry and Minerals called on investors, financiers and international companies specialized in various industries to finance the rehabilitation and modernization of its plants in return for a share in production.
Full Article
 
Slight drop in the demand for the dollar against dinar
May 6, 2008

Demand for the dollar was slightly down in the Iraqi Central Bank's auction on Tuesday, reaching $127.170 million compared to $133.510 million on Monday.
Full Article
 
Iraq participates in preparatory meeting for Arab economic summit
May 1, 2008

Head of the economic relations council in the Arab League said on Thursday that Iraq takes part in the Cairo-based preparatory meetings for the upcoming Arab economic summit, scheduled for early 2009.
Full Article
 
Demand for dollar down in daily iraqi dinar auction
April 29, 2008

Demand for the dollar was down in the Iraqi Central Bank's auction on Tuesday, registering at $81.895 million compared to $132.700 million on Monday.
Full Article
 
Iraq may have 350 billion barrels of oil

April 29, 2008

Iraq's Deputy Prime Minister Barham Salih said on Monday that the country may have oil reserves of 350 billion barrels, an amount that is triple its proven reserves and which even exceeds the oil in Saudi Arabia, reported Reuters. Salih said these estimates have come from 'reputable sources, reputable companies'. He declined to name the sources.

 
Iraq exported 60 million barrels of oil in March
April 27, 2008

Total Iraqi oil exports during March 2008 hit nearly 60 million barrels, according to the official spokesman for the oil ministry on Sunday.
Full Article
 
Dubai Summit promises bright future for Iraqi industry through investment
April 26, 2008

An exciting new phase of industrial development within Iraq was promised following the successful completion of the 'Investing in Iraq's Industry' Summit in Dubai this week.
Full Article
 
Iraq amassing funds as oil flows
April 26, 2008

Special inspector general for Iraq reconstruction Stuart Bowen has issued a report that says the country could net $70 billion in oil revenues this year -- more than enough for Baghdad to begin paying its own way. He talks with Kai Ryssdal.
Full Article
 
Iraq sets oil majors contract ultimatum
April 23, 2008

Iraq may drop oil service deals with oil majors if they fail to sign the contracts by June, Iraqi Oil Minister Hussain Al-Shahristani said on Tuesday.
Full Article
 
Demand for dollar up, exchange rate stable in daily auction
April 24, 2008

Demand for the dollar was up in the Iraqi Central Bank's auction on Thursday, registering at $77.270 million compared to $39.110 million on Wednesday.
Full Article
 
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