IQD information
About Iraqi Dinar (IQD)
The Iraqi Dinar (IQD), the official currency of Iraq, is a significant symbol of the nation's economic and political history. It is commonly abbreviated as IQD and represented by the symbol ع.د. Introduced in 1932, replacing the Indian Rupee, the Dinar has been a witness to Iraq’s rich cultural heritage, vast economic changes, and periods of conflict and reconstruction.
Historical Background
The Iraqi Dinar was established when Iraq was a British mandate following World War I. The decision to replace the Indian Rupee with the Dinar was part of Iraq’s initial steps towards establishing a sovereign state. The currency has since undergone several transformations, reflecting the country’s turbulent history, including coups, wars, and economic sanctions.
Design and Symbolism
The design of the Iraqi Dinar reflects the country's rich history and diverse culture. Banknotes feature important historical figures, such as King Faisal I, and landmarks that symbolize Iraq’s ancient civilization, like the Great Mosque of Samarra. The notes also showcase Iraq’s natural beauty, including rivers and palm trees, representing the country’s agricultural heritage.
Economic Role
The Dinar is central to Iraq’s economy, driven primarily by oil exports. It facilitates all economic activities within the country, from government spending to local trade. The stability of the Dinar is crucial for economic growth, affecting everything from foreign investment to the purchasing power of ordinary Iraqis.
Monetary Policy and Inflation
Managed by the Central Bank of Iraq, the Dinar’s value has been subject to fluctuations due to political instability, economic sanctions, and fluctuating oil prices. The bank’s policies aim to stabilize the currency, control inflation, and foster a climate conducive to economic recovery and growth.
The Dinar in International Trade
Given Iraq’s status as a major oil exporter, the Dinar plays a significant role in international trade within the energy sector. The currency’s exchange rate against global currencies impacts Iraq’s trade balance and overall economic stability.
Sanctions and the Dinar
Economic sanctions have historically impacted the Dinar’s value and Iraq’s economy. The lifting of sanctions and subsequent economic reforms play a crucial role in the Dinar’s recovery and the nation’s reintegration into the global economy.
stSOMM to IQD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ع.د49.84 | 0.0200% / 0.0320%VIP 7 |
How to buy Stride Staked SOMM
Buy stSOMM (or USDT) for IQD (Iraqi Dinar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
O OTEDOLA 72 trades|Completion rate 96.00% | 0.999 USD | Amount150 USDT Limit10 - 149.85 USD | ||
n ninos.finance 345 trades|Completion rate 100.00% | 0.999 USD | Amount39.99 USDT Limit10 - 25 USD | ||
金 金边安欣币行 369 trades|Completion rate 100.00% | 1 USD | Amount681.83 USDT Limit10 - 700 USD | ||
P Ponreay_FX 166 trades|Completion rate 99.00% | 1 USD | Amount1000 USDT Limit10 - 1000 USD | ||
R Russiad_BC 23 trades|Completion rate 96.00% | 1.028 USD | Amount67.48 USDT Limit10 - 69.369 USD |
Sell stSOMM (or USDT) for IQD (Iraqi Dinar) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
S Suarman Trades 16 trades|Completion rate 94.00% | 1.2 USD | Amount40000 USDT Limit1200 - 46000 USD | ||
R Russiad_BC 23 trades|Completion rate 96.00% | 1.199 USD | Amount3723.2 USDT Limit10 - 4000 USD | ||
R Recharge 42 trades|Completion rate 100.00% | 1.197 USD | Amount1463 USDT Limit10 - 1007 USD | ||
c cR7_trader 3 trades|Completion rate 100.00% | 1.123 USD | Amount4788.74 USDT Limit100 - 5000 USD | ||
B BGUSER-VBXPGM6X 47 trades|Completion rate 92.00% | 1.122 USD | Amount99576.3 USDT Limit10 - 50000 USD |
What factors influence the conversion rate of Stride Staked SOMM to Iraqi Dinar?
Stride Staked SOMM to Iraqi Dinar is falling this week.Conversion tables
The exchange rate of Stride Staked SOMM is decreasing.stSOMM to IQD
IQD to stSOMM
Today vs. 24 hours ago
Amount | 09:52 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 stSOMM | $0.01905 | $0.02022 | -5.80% |
1 stSOMM | $0.03809 | $0.04044 | -5.80% |
5 stSOMM | $0.1905 | $0.2022 | -5.80% |
10 stSOMM | $0.3809 | $0.4044 | -5.80% |
50 stSOMM | $1.9 | $2.02 | -5.80% |
100 stSOMM | $3.81 | $4.04 | -5.80% |
500 stSOMM | $19.05 | $20.22 | -5.80% |
1000 stSOMM | $38.09 | $40.44 | -5.80% |
Today vs. 1 month ago
Amount | 09:52 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 stSOMM | $0.01905 | $0.04506 | -57.73% |
1 stSOMM | $0.03809 | $0.09013 | -57.73% |
5 stSOMM | $0.1905 | $0.4506 | -57.73% |
10 stSOMM | $0.3809 | $0.9013 | -57.73% |
50 stSOMM | $1.9 | $4.51 | -57.73% |
100 stSOMM | $3.81 | $9.01 | -57.73% |
500 stSOMM | $19.05 | $45.06 | -57.73% |
1000 stSOMM | $38.09 | $90.13 | -57.73% |
Today vs. 1 year ago
Amount | 09:52 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 stSOMM | $0.01905 | $0.00 | -- |
1 stSOMM | $0.03809 | $0.00 | -- |
5 stSOMM | $0.1905 | $0.00 | -- |
10 stSOMM | $0.3809 | $0.00 | -- |
50 stSOMM | $1.9 | $0.00 | -- |
100 stSOMM | $3.81 | $0.00 | -- |
500 stSOMM | $19.05 | $0.00 | -- |
1000 stSOMM | $38.09 | $0.00 | -- |
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