Convert Iraqi Dinar to Qatari Riyal
Convert Iraqi Dinar (IQD) to Qatari Riyal (QAR) using daily updated exchange rates.
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Exchange Rate
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About Iraqi Dinar
The Iraqi Dinar (IQD) is the official currency of Iraq, one of the world's largest oil producers with reserves comparable to Saudi Arabia's. The dinar was introduced in 1932, replacing the Indian rupee. The Central Bank of Iraq manages monetary policy with a quasi-peg to the US Dollar. The dinar underwent a reissue in 2003 following the fall of Saddam Hussein's government, replacing both the "Swiss" dinar used in Kurdistan and the Saddam-era dinar at various exchange rates.
About Qatari Riyal
The Qatari Riyal (QAR) is the official currency of Qatar, one of the world's wealthiest countries by per capita income. The riyal has been pegged to the US Dollar at 3.64 QAR per USD since 2001, a peg maintained with ease due to Qatar's enormous oil and liquefied natural gas (LNG) revenues. Qatar holds the world's third largest proven natural gas reserves and is the world's largest exporter of LNG. The Qatar Central Bank manages the peg. The country hosted the FIFA World Cup in 2022, showcasing massive infrastructure development.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).