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base info BlackCoin

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BLK
BLK
swap
IQD
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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 Iraqs 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.

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Bitgethot-iconcalculator.compare.best
ع.د71.83
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$0
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0 BLK

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0.5 BLK
ع.د35.92
1 BLK
ع.د71.83
5 BLK
ع.د359.16
10 BLK
ع.د718.32
50 BLK
ع.د3,591.61
100 BLK
ع.د7,183.23
500 BLK
ع.د35,916.13
1000 BLK
ع.د71,832.25

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0.5IQD0.006961  BLK
1IQD0.01392  BLK
5IQD0.06961  BLK
10IQD0.1392  BLK
50IQD0.6961  BLK
100IQD1.39  BLK
500IQD6.96  BLK
1000IQD13.92  BLK

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0.5 BLK$0.02742$0.02784
-1.50%
1 BLK$0.05483$0.05567
-1.50%
5 BLK$0.2742$0.2784
-1.50%
10 BLK$0.5483$0.5567
-1.50%
50 BLK$2.74$2.78
-1.50%
100 BLK$5.48$5.57
-1.50%
500 BLK$27.42$27.84
-1.50%
1000 BLK$54.83$55.67
-1.50%

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0.5 BLK$0.02742$0.01970
+39.03%
1 BLK$0.05483$0.03940
+39.03%
5 BLK$0.2742$0.1970
+39.03%
10 BLK$0.5483$0.3940
+39.03%
50 BLK$2.74$1.97
+39.03%
100 BLK$5.48$3.94
+39.03%
500 BLK$27.42$19.7
+39.03%
1000 BLK$54.83$39.4
+39.03%

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0.5 BLK$0.02742$0.01467
+86.46%
1 BLK$0.05483$0.02934
+86.46%
5 BLK$0.2742$0.1467
+86.46%
10 BLK$0.5483$0.2934
+86.46%
50 BLK$2.74$1.47
+86.46%
100 BLK$5.48$2.93
+86.46%
500 BLK$27.42$14.67
+86.46%
1000 BLK$54.83$29.34
+86.46%

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