The currency of Iraq is the Iraqi Dinar, which is abbreviated as IQD. The dinar is issued by the Central Bank of Iraq and is commonly used in everyday transactions throughout the country. The current exchange rate for the Iraqi Dinar is approximately 1 USD to 1,190 IQD.

The Iraqi Dinar has undergone significant changes over the years, with the most recent being a redenomination in 2003. This redenomination saw the old dinar replaced by the new dinar at a rate of 1,000 old dinars to 1 new dinar. This was done in an effort to stabilize the country's economy and bring down the inflation rate.

Despite these changes, the Iraqi Dinar remains a relatively weak currency compared to other major currencies such as the US Dollar or Euro. This is due in part to the political instability and economic challenges that Iraq has faced in recent years.

For those looking to exchange their currency for Iraqi Dinars, it is important to be aware of the current exchange rate and any potential fees that may be involved. It is also advisable to only exchange currency through reputable sources to avoid counterfeit bills.

If you would like to learn more about the Iraqi Dinar and its history, you can visit the Central Bank of Iraq's official website at www.cbi.iq. Here you can find up-to-date information on the Iraqi Dinar, as well as news and updates on the country's economy.

In conclusion, the currency of Iraq is the Iraqi Dinar, which is issued by the Central Bank of Iraq. Despite its challenges, the dinar remains the primary form of currency in the country and is used in everyday transactions by its citizens.

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