ALL to IQD

ALL - Albanian Lek (Lekë)
IQD - Iraqi Dinar (د.ع.‏)
1 ALL1 IQD

Currency conversion rates from ALL to IQD

ALLIQD
1 ALL1 IQD
5 ALL5 IQD
10 ALL10 IQD
20 ALL20 IQD
50 ALL50 IQD
100 ALL100 IQD
250 ALL250 IQD
500 ALL500 IQD
1000 ALL1000 IQD
2000 ALL2000 IQD
5000 ALL5000 IQD
10000 ALL10000 IQD
IQDALL
1 IQD1 ALL
5 IQD5 ALL
10 IQD10 ALL
20 IQD20 ALL
50 IQD50 ALL
100 IQD100 ALL
250 IQD250 ALL
500 IQD500 ALL
1000 IQD1000 ALL
2000 IQD2000 ALL
5000 IQD5000 ALL
10000 IQD10000 ALL

ALL - Albanian Lek (Lek)

Albanian Lek

The official currency of Albania is the Lek (ALL). The currency symbol for the Lek is L. The lek is divided into 100 qindarka; however, the qindarka is no longer produced. In 1947 the Lek was chosen as the main denomination. So far, four editions of the Lek have been printed by Albania.

The Albanian Lek is the currency in Albania (AL, ALB). The symbol for ALL can be written L. The Albanian Lek is divided into 100 qindarka (qintars). The exchange rate for the Albanian Lek was last updated on May 24, 2019 from Yahoo Finance. The ALL conversion factor has 4 significant digits.

Economy

  • Although Albania is seen as a poor country, their economy is improving at a fast rate.
  • According to the International Monetary Fund (IMF), Albania showed 2.8% economical growth in the year 2009.
  • Agriculture products are vegetables, fruit, grapes, dairy products, potatos, maize, wheat, and sugar beets.
  • Albania relies on the import of most goods and the country does not do much export.
  • Currently Albania’s economy is undergoing macroeconomic restructuring, which is led by the World Bank and the International Monetary Fund (IMF).
  • The tourism industry is booming and it is starting to contribute a huge amount to the country’s GDP.
  • In 2008, oil and gas were discovered in Albania, which are helping to improve the country’s economic status.

History

  • In 1926, the Lek was introduced by the Albanian King Ahmet Zoghu. Bronze, nickel, and silver coins were minted and distributed in denominations of 5 and 10 qindar.
  • In 1956, the Lek was redistributed and was available in denominations of 1 lek and 5 qindar, 10 qindar, 20 qindar, and 50 qindar.
  • In 1991, and 1992 the Lek was reintroduced with added denominations of 200, 500, and 1,000 Lek notes.
  • In 1997, a newly printed series of Lek banknotes were made available.
  • Since 2002, there have been special issues of the Lek; for example, in 2005 the 50 Lek was designed for the 85th anniversary of the capital Tirana.

More information about ALL - Albanian Lek (Lek)


IQD - Iraqi Dinar (IQD)

Iraqi Dinar

The Iraqi Dinar is issued by the Central Bank of Iraq. The Dinar was subdivided into 1,000 fils, but inflation has rendered the fils obsolete. As a result the deposition of Saddam Hussein in the 2003 invasion of Iraq, the new Iraqi Dinar was released on October 15, 2003.

The Iraqi Dinar is the currency in Iraq (IQ, IRQ). The exchange rate for the Iraqi Dinar was last updated on May 24, 2019 from Yahoo Finance. The IQD conversion factor has 5 significant digits.

Economy

  • As security improves, foreign investment is helping to spur increased economic activity, particularly in the energy, construction, and retail sectors.
  • To reach its economic potential, Iraq needs to reduce regulatory impediments and make significant upgrades to its oil processing, pipeline, and export infrastructure.

History

  • The Dinar was fixed at par with the British Pound until 1959, then fixed to the US Dollar at one Dinar to 2.8 Dollars. It was decoupled from the US Dollar when that currency was devalued in 1971 and 1973.
  • After the Gulf War in 1991, UN sanctions meant that new, inferior quality banknotes were printed in large quantities-and the Dinar quickly lost its value. The previous issue stayed in circulation, and became known as the ""Swiss dinar."" It continued to circulate, especially in the northern Kurdish region of Iraq.
  • The new (convertible) Iraqi Dinar was released on October 15, 2003. It replaced all old Dinar and Swiss Dinar banknotes, which were no longer legal tender. (One old Dinar was exchanged for one new Iraqi Dinar; one unit of the Swiss"" Dinar was exchanged for 150 new Iraqi Dinars.) The new Iraqi Dinar banknotes were similar to the Swiss Dinar notes, with more security features to guard against counterfeiting.
  • The new banknotes were in demand by overseas investors expecting the currency to increase in value as Iraq's economy improved.

More information about IQD - Iraqi Dinar (IQD)