: The CBI has repeatedly denied these rumors, stating it has no intention to change the exchange rate.
: U.S. authorities and the Supreme Court have documented various fraud cases where sellers use false revaluation rumors to sell dinars to retail investors at high markups. Economic Challenges IRAQ DINAR
: Introduced in 1932 to replace the Indian rupee, the dinar was initially at par with the British pound. In 1959, it shifted its peg to the U.S. dollar at a rate of IQD 1 = $2.80, eventually rising to over $3.20 before the 1990 Gulf War. : The CBI has repeatedly denied these rumors,
: Budget deficits and the high cost of public sector payrolls have occasionally forced the government to consider devaluations to manage liquidity. IRAQ DINAR