Convert 1 Million Iraqi Dinar to US Dollars Easily

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A dynamic street scene of men exchanging money in a busy Amman market, captured in black and white.
Credit: pexels.com, A dynamic street scene of men exchanging money in a busy Amman market, captured in black and white.

Converting 1 million Iraqi dinar to US dollars can be a daunting task, but with the right information, it's easier than you think. The current exchange rate is approximately 1 USD = 1,190 IQD.

Iraqi dinar is the official currency of Iraq, and its value can fluctuate depending on various economic and political factors. The dinar has undergone several revaluations and redenominations since its introduction in 1932.

To convert 1 million Iraqi dinar to US dollars, you can use an online currency converter or consult with a financial expert. The exchange rate may vary depending on the source and the time of conversion.

Conversion Options

You can exchange your Iraqi dinars for US dollars at some commercial banks in New York, but it's best to call them first to confirm they're accepting dinars. Banks like The Bank of Commerce, Citi Bank, HSBC, Bank of America, and Chase may have the facility to exchange dinars, but their policies can change.

Credit: youtube.com, Iraqi Dinar ✅ Shocking Currency Twist: 1 Million Iraqi Dinar = 1 Million USD| Iraqi Dinar News Today

You can also try selling your dinars on Ebay, where the going rate for a million dinars is roughly $880 to $1100, depending on the denomination. The smaller the denomination, the higher the cost.

The official Iraq Central Bank rate is 1475 dinars to $1, so 1 million dinars would cost about $678. However, this rate may not be available at all exchange locations.

Citibank will not buy or sell Iraqi banknotes, and it's a retail operation that doesn't offer all currency notes.

If you're in the Chicago area, you may not find any banks that accept Iraqi dinars, but you can try calling several banks to confirm their policies.

If you're looking for a bank that can exchange dinars for dollars, any Chase bank will do it for a $5 fee, even if you're not a customer. You can also purchase dinars at the same fee.

The IQD to USD exchange rate can fluctuate, but as of 2024-1-3 to 2025-1-2, the average exchange rate was 0.0007634 US Dollars per Iraqi Dinar.

Here's a rough estimate of the exchange rate:

Keep in mind that exchange rates can change, and it's always a good idea to check the current rate before exchanging your dinars.

Latest Exchange Rates

Credit: youtube.com, Today 1 US DOLLAR to IRAQI DINAR Currency Exchange Rates 09 JULY 2024 USD/IQD

The latest exchange rates for Iraqi Dinars to US Dollars are quite volatile, with a high of 0.0007646 and a low of 0.0007624 in the last 30 days.

The current exchange rate is 0.0007587 USD, as of January 3, 2025 11:35 AM UTC.

You can check the exchange rate history for the last 90 days, which shows a high of 0.0007646, a low of 0.0007617, and an average rate of 0.0007633.

The current volatility is +0.03% in the last 30 days and -0.05% in the last 90 days.

Here's a quick rundown of the current exchange rates:

The US Dollar is currently stronger than the Iraqi Dinar, as 1 USD is equal to 1,317.98 IQD.

Rate Information

The current exchange rate is 0.0007587 USD for every Iraqi Dinar, as of January 3, 2025. This is the best rate today, according to the latest data.

The highest IQD to USD exchange rate in the last year was 0.0007667 US Dollars per Iraqi Dinar on March 7, 2024. This is the highest point the rate has reached in the past 12 months.

Here are the key rate statistics for the past 30 and 90 days:

The US Dollar is currently stronger than the Iraqi Dinar, as 1 USD is equal to 1,317.98 IQD.

Is the Dollar Strong?

Credit: youtube.com, How A Strong Dollar Can Backfire On The U.S. Economy

The US Dollar is currently stronger than the Iraqi Dinar, as 1 USD is equal to 1,317.98 IQD.

In some cases, the value of the US Dollar can be significantly higher than the Iraqi Dinar, with 1 USD being worth 1,317.98 IQD.

The Iraqi Dinar, on the other hand, is currently worth a fraction of the US Dollar, with 1 IQD being worth 0.0007587 USD.

This means that if you were to exchange 1 US Dollar for Iraqi Dinars, you would get a large number of IQD.

For example, if you exchange 1 USD for IQD, you would get 1,317.98 IQD.

Highest Rate in the Last 10 Years

The highest IQD to USD exchange rate in the last 10 years was on January 19, 2016, when each Iraqi Dinar was worth 0.0009241 US Dollars.

This rate is significantly higher than the current rate, which is 0.0007587 USD as of January 3, 2025.

Frequently Asked Questions

What is 1 dinar worth in US dollars?

As of the latest exchange rates, 1 Iraqi Dinar is equivalent to approximately 0.0008 US Dollars. You can check for the most up-to-date exchange rates for more accurate conversions.

Kristen Bruen

Senior Assigning Editor

Kristen Bruen is a seasoned Assigning Editor with a keen eye for compelling stories. With a background in journalism, she has honed her skills in assigning and editing articles that captivate and inform readers. Her areas of expertise include cryptocurrency exchanges, where she has a deep understanding of the rapidly evolving market and its complex nuances.

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