What is the current US dollar value of 1 million Iraqi Dinars?
The current value of 1,000,000.00 Iraqi Dinar (IQD) is $860.50 U.S. Dollars (USD).
You can convert IQD to USD using a currency converter with live foreign exchange rates here.
As the Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003, many concerns among the Iraqi public and within the business community and Iraqi economists are divided. Some support the project and consider it a chance to decrease inflation and unemployment, while others warn of economic shocks that may prevail over the Iraqi market as a result of the project’s implementation. Find out more at Iraq-business news.
In the news, legally, Iraq’s national budget has to be sent to parliament by October. But the 2014 budget, the largest in Iraq’s history and estimated at some 174 trillion Iraqi dinars ($150 billion dollars), still has not been sent for approval. Read more here.