Forex exchanges usd iqd?
Some currencies, known as major currencies, such as the US dollar, euro, Japanese yen, British pound, and Swiss franc, are widely traded due to their global significance. Unfortunately, the Iraqi dinar is not considered a major currency and is not commonly available on most forex trading platforms.
Some currencies, known as major currencies, such as the US dollar, euro, Japanese yen, British pound, and Swiss franc, are widely traded due to their global significance. Unfortunately, the Iraqi dinar is not considered a major currency and is not commonly available on most forex trading platforms.
| Conversion rates US Dollar / Iraqi Dinar | |
|---|---|
| 100 USD | 131000.00000 IQD |
| 250 USD | 327500.00000 IQD |
| 500 USD | 655000.00000 IQD |
| 1000 USD | 1310000.00000 IQD |
1 USD = 1,310.019955 IQD Jan 25, 2024 01:48 UTC
Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently.
| IQD | USD |
|---|---|
| 100 | 0.076382 USD |
| 500 | 0.38191 USD |
| 1,000 | 0.76382 USD |
| 5,000 | 3.8191 USD |
Major banks do not offer trade-in Iraqi dinars. IQD is only available for purchase or sale by selected brokers or money exchangers, who may or may not be legally authorized. As mentioned, the brokers or money exchangers typically charge a fee of 30% or more over and above the authorized exchange rate.
Does Wells Fargo buy or sell Iraqi dinar? Expand. No, Wells Fargo does not buy or sell Iraqi dinar in any location - online, by phone, or in our branches.
Buying the Iraqi Dinar as an investment is extremely risky and should be avoided. There is a high degree of uncertainty when it comes to the future development of Iraq, and the Iraqi Dinar has very poor liquidity.
The best place to sell Iraqi dinars for USD is through a reputable online currency exchange service. These services typically offer the best exchange rates and the most convenient way to sell your currency.
The world's strongest currency is the Kuwait dinar. Its high value comes from Kuwait's booming oil industry, which accounts for 80% of the country's exports. It is also the highest valued currency pegged to the US dollar.
What is the strongest currency in the world?
The Kuwaiti dinar continues to remain the highest currency in the world, owing to Kuwait's economic stability. The country's economy primarily relies on oil exports because it has one of the world's largest reserves. You should also be aware that Kuwait does not impose taxes on people working there.
| Conversion rates US Dollar / Iraqi Dinar | |
|---|---|
| 500 USD | 655000.00000 IQD |
| 1000 USD | 1310000.00000 IQD |
| 2000 USD | 2620000.00000 IQD |
| 5000 USD | 6550000.00000 IQD |
By not following the US devaluations in 1971 and 1973, the official rate rose to US$3.3778, before a 5% devaluation reduced its rate to US$3.2169, a rate which remained until the Gulf War in 1990, although in late 1989 the black market rate was reported at five to six times higher than the official rate.
| USD | IQD |
|---|---|
| 100 USD | 130,900 IQD |
| 500 USD | 654,500 IQD |
| 1,000 USD | 1.31M IQD |
| 10,000 USD | 13.09M IQD |
Iraqi banknotes
The most common notes issued by the Central Bank of Iraq are the 250, 500, 1000, 5000, 10,000, 25,000 and 50,000 dinar bills.
- America First Credit Union: Credit union members may visit select branches to exchange up to $5,000. ...
- Bank of America: Bank of America customers may exchange up to $10,000 online. ...
- Citi: You can call or visit a branch to exchange over 50 types of currency.
Bank of America, N.A. does not buy or sell Iraqi dinar banknotes or Vietnamese dong banknotes, and currently has no plans to offer this service in the future. You may have read on the internet or heard from friends that Bank of America, N.A. buys and sells these banknotes, or has plans to offer this service.
Old Iraqi Dinar coins may have value to collectors or individuals interested in numismatics, but they are not currently accepted as legal tender in Iraq and cannot be exchanged for their face value.
Convert your leftover withdrawn Iraqi Dinar banknotes to cash using our hassle-free online exchange service. Get paid fast for your unused currency from Iraq. These withdrawn Iraqi dinar banknotes are no longer a valid means of payment in Iraq. Their value has been mostly wiped out by inflation.
Even if you don't open a foreign bank account, these bank branches still might be able to exchange currency for you. If they are willing to do so you'll likely have to pay a fee, just as you would in the U.S. if you aren't a banking customer.
How to transfer money from Iraq to USA?
Western Union money transfers
Send money to almost anywhere in the world from Iraq.
Wells Fargo can often buy back unused foreign currency cash at any of our branch locations. We don't buy back all currencies and buy-back rates differ from rates for ordering cash. We don't buy back coins.
From December 2020 until February 7, 2023, the official exchange rate had remained the same. The newest revaluation of the Iraqi dinar in 2023 came as a result of the Iraqi dinar losing over 10 percent of its value in the months leading up to the revaluation, starting with December of 2022.
Hopes that Iraq's economy can recover from civil and regional wars have led to some speculation that the Iraqi dinar can increase in value against the dollar. However, major banks and brokers do not offer trading of the IQD/USD pair, and transactions are placed through money exchanges, which charge hefty fees.
US First Exchange provides the most secure platform for you to buy Iraqi Dinar online. We deal in over 20 currencies, including exotic currencies.
