Source The currency of Iraq is called a dinar, and it was introduced in 1932 to replace the Indian rupee, which was the currency used under the British rule. In the 1950s, one dinar is equivalent to 2.8 US dollars. Today, one Iraqi dinar is equivalent to 0.00084 US dollars. The repeated sanctions by the United States to Iraq is one of the main causes as to why the value of … [Read more...] about The Current State of the Iraqi Dinar