iraqi monetary unit (Meaning)
Wordnet
iraqi monetary unit (n)
monetary unit in Iraq
Synonyms & Antonyms of iraqi monetary unit
No Synonyms and anytonyms found
iraqi monetary unit Sentence Examples
- The Iraqi monetary unit is the Iraqi dinar (IQD), which is divided into 1,000 fils.
- The Iraqi dinar was introduced in 1931, replacing the Indian rupee, which had been used in Iraq since the 19th century.
- The Iraqi dinar has been through several periods of devaluation, with the most recent occurring in 2003, when the dinar lost 99% of its value.
- The Iraqi dinar is pegged to the US dollar at a rate of 1,190 IQD to 1 USD.
- The Iraqi dinar is used in all financial transactions in Iraq, including the purchase of goods and services, the payment of taxes, and the remittance of funds.
- The Iraqi dinar is also used in some neighboring countries, such as Jordan and Kuwait.
- The Iraqi dinar is a relatively weak currency, and its value is often affected by political and economic instability in the country.
- The Iraqi government has been working to stabilize the Iraqi dinar, and has taken measures such as raising interest rates and increasing foreign exchange reserves.
- The Iraqi dinar is expected to appreciate in value in the coming years, as the country's economy recovers from the war and political instability.
- The Iraqi dinar is a symbol of Iraqi sovereignty and economic independence.
FAQs About the word iraqi monetary unit
monetary unit in Iraq
No synonyms found.
No antonyms found.
The Iraqi monetary unit is the Iraqi dinar (IQD), which is divided into 1,000 fils.
The Iraqi dinar was introduced in 1931, replacing the Indian rupee, which had been used in Iraq since the 19th century.
The Iraqi dinar has been through several periods of devaluation, with the most recent occurring in 2003, when the dinar lost 99% of its value.
The Iraqi dinar is pegged to the US dollar at a rate of 1,190 IQD to 1 USD.
