IQD to AED
Currency conversion rates from IQD to AED
|1 IQD||1 AED|
|5 IQD||5 AED|
|10 IQD||10 AED|
|20 IQD||20 AED|
|50 IQD||50 AED|
|100 IQD||100 AED|
|250 IQD||250 AED|
|500 IQD||500 AED|
|1000 IQD||1000 AED|
|2000 IQD||2000 AED|
|5000 IQD||5000 AED|
|10000 IQD||10000 AED|
|1 AED||1 IQD|
|5 AED||5 IQD|
|10 AED||10 IQD|
|20 AED||20 IQD|
|50 AED||50 IQD|
|100 AED||100 IQD|
|250 AED||250 IQD|
|500 AED||500 IQD|
|1000 AED||1000 IQD|
|2000 AED||2000 IQD|
|5000 AED||5000 IQD|
|10000 AED||10000 IQD|
AED - United Arab Emirates Dirham (د.إ)
The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.
The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.
The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.
- The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
- Natural gas and petroleum exports play an important role in the economy.
- The service sector is also an important source of income.
- Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
- The United Arab Emirates is part of the World Trade Organization.
- Imports are machinery, manufactured goods, and transport equipment.
- In 2009, 85% of exports were natural resources.
- The United Arab Emirates has the fastest-growing economy in the world.
- The original currency in the United Arab Emirates was the Bahraini Dinar.
- Before 1966 the United Arab Emirates used the Gulf Rupee.
- The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
- From 1973 to 1982 the United Arab Emirates issued the Dirham.
- In 1976 the United Arab Emirates minted commemorative coins.
- In the late 1980s a fixed rate was established between the Dirham and the USD.
- 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
- In 1997 the Dirham was pegged to the US Dollar.
IQD - Iraqi Dinar (IQD)
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.
- 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.
- 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.