Iraqi Dinar (IQD)
a.k.a. IQD
Iraq's currency, code IQD, managed against the US dollar and backed by oil revenue.
In plain English
Iraq's currency, code IQD, managed against the US dollar and backed by oil revenue.
The Iraqi dinar (IQD) is kept at an official rate against the dollar by the Central Bank of Iraq, funded by oil exports.
Beware the long-running 'dinar revaluation' pitch, which urges people to buy dinars cheaply expecting a sudden huge jump in value. US regulators have warned about these schemes; there is no sound basis for that promise.
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