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The Iraqi dinar[a] (code: IQD) [2] is the currency of Iraq. The Iraqi dinar is issued by the Central Bank of Iraq (CBI). On 7 February 2023, the exchange rate with the US Dollar was US$1 = 1300 dinars.
Iraq. The Central Bank of Iraq (CBI; Arabic: البنك المركزي العراقي) is a monetary authority established in 1947, shortly after the end of the British occupation of Iraq. The CBI's primary objectives are to ensure domestic price stability and foster a stable competitive market based financial system.
B− (Fitch, January 2022) [ 16 ] Foreign reserves. $115 billion (February 2023) [ 17 ] (24th) All values, unless otherwise stated, are in US dollars. The economy of Iraq is dominated by the oil sector, which has provided about 99.7% of foreign exchange earnings during its modern history. [ 18 ] As of 2021, the oil sector provides about 92% of ...
Still, Iraqi officials say the measures have led to a dollar shortage, which has led the Iraqi dinar to change hands at more than 1,500 per dollar in the unofficial market in recent months, up to ...
In 2020, Neta Crawford, chair of the political science department at Boston University, in her Costs of War Project, estimated the long term cost of the Iraq War for the United States at $1.922 trillion. This figure includes not only funding appropriated to the Pentagon explicitly for the war, but spending on Iraq by the State Department, the ...
Inter-war period. After the Gulf War, the Iraqi government disendorsed the old currency, favoring newly printed Saddam dinars, and the Swiss dinar ceased to be legal tender. However, the old currency still circulated in the politically isolated Kurdistan region of Iraq. The government of the Kurdistan region did not have the printing plates of ...
The official currency in Iraq is the Iraqi dinar. The Coalition Provisional Authority issued new dinar coins and notes, with the notes printed by De La Rue using modern anti-forgery techniques. [121] Jim Cramer's 20 October 2009 endorsement of the Iraqi dinar on CNBC has further piqued interest in the investment. [122]
The fils (Arabic: فلس) is a subdivision of currency used in some Arab countries, such as Iraq and Bahrain. The term is a modern retranscription of fals, an early medieval Arab coin. "Fils" is the singular form in Arabic, not plural (as its final consonant might indicate to an English speaker). The plural form of fils is fulūs (فلوس ...
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