Convert Iranian Rial to Iraqi Dinar
Convert Iranian Rial (IRR) to Iraqi Dinar (IQD) using daily updated exchange rates.
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Exchange Rate
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About Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, though Iranians commonly quote prices in tomans (1 toman = 10 rials). Due to decades of international economic sanctions and domestic monetary mismanagement, the rial has experienced catastrophic depreciation - losing over 99.9% of its value against the dollar since the 1979 Islamic Revolution. In 2020, the Iranian parliament approved a redenomination plan replacing 10,000 rials with 1 new toman, though full implementation has been slow. The Central Bank of Iran issues currency and manages monetary policy.
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.
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).