Usd Converter
Convert Usd to Iqd and more • 166 conversions
0
Unit Explanations
United States Dollar$
Source UnitThe United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
Iraqi Dinarد.ع
Target UnitThe Iraqi Dinar (IQD) is the official currency of Iraq, established in 1932, replacing the Indian Rupee which had been in circulation during the British mandate. The dinar is subdivided into 1,000 fils, although the fils currency is rarely used in practice. The Dinar is crucial for economic transactions within Iraq and is a symbol of national identity. The dinar's value has undergone significant fluctuations, especially during periods of political instability and economic sanctions in the late 20th century. The Central Bank of Iraq is responsible for issuing and managing the currency, maintaining its stability and fostering economic growth through monetary policies. The Iraqi Dinar is currently available in various denominations, including notes of 1, 5, 10, 20, 50, 100, and 250 dinars. Coins are available in smaller denominations, though they are not widely circulated.
Current Use
The Iraqi Dinar is primarily used within Iraq for all types of transactions, from everyday purchases to large-scale commercial dealings. Despite fluctuations in value, it remains the foundational currency for the Iraqi economy. The Dinar is also utilized in banking operations, government transactions, and foreign trade. In recent years, the Central Bank of Iraq has implemented monetary policies aimed at stabilizing and strengthening the dinar against other currencies. The dinar is accepted in local markets, retail stores, and service industries. Moreover, in regions with significant Iraqi expatriate populations, the dinar is sometimes accepted in informal exchanges. Although the Dinar is not widely traded on international currency markets, it is still essential for domestic financial operations and economic planning.
Fun Fact
The Iraqi Dinar was once pegged to the British Pound at a rate of 1:1.
All Currency Conversions
321 convertersPopular Conversions
📐Conversion Formula
= × 1.00000How to Convert
To convert to , multiply the value by 1.00000. This conversion factor represents the ratio between these two units.
Quick Examples
💡 Pro Tip: For the reverse conversion ( → ), divide by the conversion factor instead of multiplying.
United States Dollar
currency • Non-SI
Definition
The United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
History & Origin
The United States Dollar has its origins in the Spanish dollar, which was widely used in the Americas during the colonial period. The first official dollar was issued by the Continental Congress in 1775 during the American Revolutionary War. The Coinage Act of 1792 established the U.S. dollar as the country's standard unit of money, allowing for the production of coins in various denominations. The dollar was initially defined in terms of specific weights of silver and gold, reflecting the bimetallic standard prevalent at the time, leading to the establishment of the U.S. Mint for the purpose of producing coinage.
Etymology: The term 'dollar' comes from the German word 'Thaler', which referred to a silver coin that was minted in the 16th century.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
💡 Fun Facts
- •The U.S. dollar is the most widely used currency for global trade.
- •More than 60% of all foreign exchange reserves are held in USD.
- •The design of the dollar bill has not changed significantly since 1929.
📏 Real-World Examples
🔗 Related Units
Iraqi Dinar
currency • Non-SI
Definition
The Iraqi Dinar (IQD) is the official currency of Iraq, established in 1932, replacing the Indian Rupee which had been in circulation during the British mandate. The dinar is subdivided into 1,000 fils, although the fils currency is rarely used in practice. The Dinar is crucial for economic transactions within Iraq and is a symbol of national identity. The dinar's value has undergone significant fluctuations, especially during periods of political instability and economic sanctions in the late 20th century. The Central Bank of Iraq is responsible for issuing and managing the currency, maintaining its stability and fostering economic growth through monetary policies. The Iraqi Dinar is currently available in various denominations, including notes of 1, 5, 10, 20, 50, 100, and 250 dinars. Coins are available in smaller denominations, though they are not widely circulated.
History & Origin
The Iraqi Dinar was introduced in 1932 to replace the Indian Rupee, which was previously used during the British occupation. The introduction of the dinar aimed to establish a stable national currency that reflected Iraq's sovereignty. The first dinar was issued in gold, valued against the British pound. This was a significant step towards establishing an independent economic identity for Iraq after its post-Ottoman transition. The dinar's introduction marked a turning point in Iraq's monetary policy, aligning it with other regional currencies and facilitating trade and commerce.
Etymology: The term 'dinar' is derived from the Roman denarius, a silver coin used in ancient Rome.
Current Use
The Iraqi Dinar is primarily used within Iraq for all types of transactions, from everyday purchases to large-scale commercial dealings. Despite fluctuations in value, it remains the foundational currency for the Iraqi economy. The Dinar is also utilized in banking operations, government transactions, and foreign trade. In recent years, the Central Bank of Iraq has implemented monetary policies aimed at stabilizing and strengthening the dinar against other currencies. The dinar is accepted in local markets, retail stores, and service industries. Moreover, in regions with significant Iraqi expatriate populations, the dinar is sometimes accepted in informal exchanges. Although the Dinar is not widely traded on international currency markets, it is still essential for domestic financial operations and economic planning.
💡 Fun Facts
- •The Iraqi Dinar was once pegged to the British Pound at a rate of 1:1.
- •In 2003, the U.S. introduced new banknotes with enhanced security features after the fall of Saddam Hussein.
- •The dinar is one of the most valuable currencies in the Middle East, despite its historical fluctuations.
📏 Real-World Examples
🔗 Related Units
Related Currency Conversions
Explore more currency conversions for your calculations.
Frequently Asked Questions
How do I convert to ?▼
To convert to , multiply your value by 1. For example, 10 equals 10 .
What is the formula for to conversion?▼
The formula is: = × 1. This conversion factor is based on international standards.
Is this to converter accurate?▼
Yes! MetricConv uses internationally standardized conversion factors from organizations like NIST and ISO. Our calculations support up to 15 decimal places of precision, making it suitable for scientific, engineering, and everyday calculations.
Can I convert back to ?▼
Absolutely! You can use the swap button (⇄) in the converter above to reverse the conversion direction, or visit our to converter.