The Iraqi dinar is Iraq's currency, divided into 1000 fils, though coins are no longer used due to inflation. Banknotes range from 250 to 50,000 dinars.
Introduced in 1932, it replaced the Indian rupee at a rate of 1 dinar = 11 rupees. It was once valued at 2.8 US dollars but depreciated sharply due to US sanctions.
After Saddam Hussein's regime ended, a market for trading dinars grew, helping to gradually increase its value.
Exchange rate update date: 2025-06-18