SRD to IQD

SRD - Surinamese Dollar ($)
IQD - Iraqi Dinar (د.ع.‏)
1 SRD1 IQD

Currency conversion rates from SRD to IQD

SRDIQD
1 SRD1 IQD
5 SRD5 IQD
10 SRD10 IQD
20 SRD20 IQD
50 SRD50 IQD
100 SRD100 IQD
250 SRD250 IQD
500 SRD500 IQD
1000 SRD1000 IQD
2000 SRD2000 IQD
5000 SRD5000 IQD
10000 SRD10000 IQD
IQDSRD
1 IQD1 SRD
5 IQD5 SRD
10 IQD10 SRD
20 IQD20 SRD
50 IQD50 SRD
100 IQD100 SRD
250 IQD250 SRD
500 IQD500 SRD
1000 IQD1000 SRD
2000 IQD2000 SRD
5000 IQD5000 SRD
10000 IQD10000 SRD

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)


SRD - Surinamese Dollar ($)

Surinamese Dollar

The Suriname Dollar was introduced in 2004, and as such is a fairly new form of currency. Suriname is located on the north coast of South America, between Guyana and French Guiana. Although it is fairly large (approximately 64,000 square miles), Suriname is a minor state in South America. The population of 470,000 live mostly in the northern part of the country, around the capital of Paramaribo.

The Suriname Dollar is the currency in Suriname (SR, SUR). The symbol for SRD can be written $Sur. The Suriname Dollar is divided into 100 cents. The exchange rate for the Suriname Dollar was last updated on May 24, 2019 from Yahoo Finance. The SRD conversion factor has 3 significant digits.

Economy

  • Suriname’s resources are attracting foreign businesses and investment for several reasons, from cheap electricity costs to major reserves of specific minerals.
  • The agricultural sector has shown through the centuries that it can diversify and is currently in a somewhat stable position. It accounts for almost 10% of the GDP and employs approximately 8% of the total workforce of about 166,000.
  • Currently this sector produces plantains, rice kernels, peanuts, coconuts, beef, and shrimps.
  • The country has several large export partners, including Canada, the Netherlands, Belgium, the United Arab Emirates, and the United States.

History

  • The Dollar replaced the Suriname Guilder on January 1, 2004 at a rate of 1 Dollar = 1000 Guilders.
  • The old 1-cent coins (100 to a Guilder) were declared to be worth their face value in the new cents, so that new coins did not need to be made.
  • The US Dollar is used to quote prices for electronic goods, household furnishings, appliances, and automobiles.

More information about SRD - Surinamese Dollar ($)