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Iraqi Dinar Into Rupee
Enter any amount above to convert Iraqi Dinar (IQD) to Indian Rupee (INR), or vice versa.
Rate Info
About This Reference Rate
Iraq's central bank manages the dinar with a loose peg to the US dollar, adjusting it periodically rather than letting it float completely freely. The figure here reflects a recent market reference, converted through current dollar cross-rates, and is not a transaction rate.
Common Uses
Why This Pair Comes Up
A few specific situations explain most of the interest in comparing these two currencies.
Oil Wealth and Iraq's Economy
Iraq holds some of the largest proven oil reserves on earth, and oil exports dominate government revenue and foreign currency earnings, making the dinar's fortunes closely tied to global oil markets.
The Post-2003 Currency Overhaul
A completely new dinar was introduced after 2003, replacing the old Saddam-era notes nationwide and the separate Swiss dinar that had circulated in Iraqi Kurdistan since the early 1990s, unifying the country's currency system.
A Currency Some Foreign Investors Speculate On
A long-running retail investment trend, mostly outside Iraq, involves people buying and holding large quantities of dinar in hopes of a major future revaluation, a speculative bet rather than a reflection of the currency's actual managed exchange rate.
Quick Reference
Dinar to Rupee Table
A rounded reference table for common amounts, based on the rate discussed above.
| Amount (IQD) | Formula | Result (INR) |
|---|---|---|
| 100 IQD to INR | 100 × 0.06365488974881506 | 6.37 INR |
| 500 IQD to INR | 500 × 0.06365488974881506 | 31.83 INR |
| 1,000 IQD to INR | 1,000 × 0.06365488974881506 | 63.65 INR |
| 5,000 IQD to INR | 5,000 × 0.06365488974881506 | 318.27 INR |
| 10,000 IQD to INR | 10,000 × 0.06365488974881506 | 636.55 INR |
| 25,000 IQD to INR | 25,000 × 0.06365488974881506 | 1,591.37 INR |
| 50,000 IQD to INR | 50,000 × 0.06365488974881506 | 3,182.74 INR |
| 100,000 IQD to INR | 100,000 × 0.06365488974881506 | 6,365.49 INR |
| 500,000 IQD to INR | 500,000 × 0.06365488974881506 | 31,827.44 INR |
Got Questions?
Frequently Asked Questions
What is a recent IQD to INR exchange rate?
About 0.064 Indian rupees per dinar at a recent reference, which puts one rupee at roughly 15.71 dinars.
How much is 10,000 IQD in Indian rupees?
10,000 dinars comes to roughly 636.55 INR at the reference rate used here, a useful figure for comparing prices or trade payments.
How much is 1,000,000 IQD in Indian rupees?
1,000,000 dinars converts to about 63,654.89 INR at the rate shown on this page, a scale that could come up in larger trade or investment contexts.
Why was Iraq's currency redesigned after 2003?
The old Saddam-era notes were replaced to remove the former government's imagery and unify the currency system, since a separate Swiss dinar had also been circulating in the Kurdistan region for over a decade.
Is the Iraqi dinar pegged to the US dollar?
It follows a loosely managed peg, with Iraq's central bank periodically adjusting the rate rather than letting it float completely freely or fixing it rigidly.
Why do some people buy large amounts of Iraqi dinar as an investment?
A long-standing retail speculation trend, mostly among investors outside Iraq, bets on a dramatic future currency revaluation, though this is a speculative wager rather than something tied to the dinar's actual managed exchange rate.
Does India import oil from Iraq?
Yes, Iraq has been one of India's largest crude oil suppliers in recent years, making energy trade a significant part of the relationship between the two countries.
Is Iraq's economy still recovering from past conflicts?
Reconstruction and economic stabilisation have continued for years following the 2003 war and subsequent conflicts, with oil revenue remaining the primary driver of government finances.
Where can I exchange rupees for Iraqi dinars?
Major Indian banks are unlikely to stock dinars directly, given modest demand; most practical transactions involving Iraq are conducted in US dollars instead.