Why do IQD holders mention rates of $3.22 and $3.47? Iraq’s official exchange rate was around $3.38 per dinar in 1973, then about $3.22 from 1982 until the 1990 war. The figure of $3.47 is also widely cited. Today, the official rate is 1,520 dinars per U.S. dollar. Iraq has more assets and resources supporting its currency than it did in 1990, so we would not rule out a return to those levels.
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