VEX to IQD Converter and calculator


Conversion rates
Convert VEX to IQD
Convert IQD to VEX
VEX to IQD chart
VEX to IQD conversion data: Volatility and price changes of VELOREX in IQD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.3594 IQD | 0.3633 IQD | 0.3878 IQD | 0.4882 IQD |
Low | 0.3585 IQD | 0.3585 IQD | 0.3472 IQD | 0.3472 IQD |
Average | 0 IQD | 0 IQD | 0 IQD | 0 IQD |
Volatility | % | % | % | % |
Change | -0.26% | -1.33% | -7.55% | -25.05% |
VELOREX information
VEX to IQD market statistics
Current VEX to IQD exchange rate
VELOREX to Iraqi dinar is falling this week.More info about VELOREX on Bitget
Iraqi dinar information
About Iraqi Dinar (IQD)
The Iraqi Dinar (IQD), the official currency of Iraq, is a significant symbol of the nation's economic and political history. It is commonly abbreviated as IQD and represented by the symbol ع.د. Introduced in 1932, replacing the Indian Rupee, the Dinar has been a witness to Iraq’s rich cultural heritage, vast economic changes, and periods of conflict and reconstruction.
Historical Background
The Iraqi Dinar was established when Iraq was a British mandate following World War I. The decision to replace the Indian Rupee with the Dinar was part of Iraq’s initial steps towards establishing a sovereign state. The currency has since undergone several transformations, reflecting the country’s turbulent history, including coups, wars, and economic sanctions.
Design and Symbolism
The design of the Iraqi Dinar reflects the country's rich history and diverse culture. Banknotes feature important historical figures, such as King Faisal I, and landmarks that symbolize Iraq’s ancient civilization, like the Great Mosque of Samarra. The notes also showcase Iraq’s natural beauty, including rivers and palm trees, representing the country’s agricultural heritage.
Economic Role
The Dinar is central to Iraq’s economy, driven primarily by oil exports. It facilitates all economic activities within the country, from government spending to local trade. The stability of the Dinar is crucial for economic growth, affecting everything from foreign investment to the purchasing power of ordinary Iraqis.
Monetary Policy and Inflation
Managed by the Central Bank of Iraq, the Dinar’s value has been subject to fluctuations due to political instability, economic sanctions, and fluctuating oil prices. The bank’s policies aim to stabilize the currency, control inflation, and foster a climate conducive to economic recovery and growth.
The Dinar in International Trade
Given Iraq’s status as a major oil exporter, the Dinar plays a significant role in international trade within the energy sector. The currency’s exchange rate against global currencies impacts Iraq’s trade balance and overall economic stability.
Sanctions and the Dinar
Economic sanctions have historically impacted the Dinar’s value and Iraq’s economy. The lifting of sanctions and subsequent economic reforms play a crucial role in the Dinar’s recovery and the nation’s reintegration into the global economy.
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VEX to IQD Conversion tables
Amount | 19:12 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 VEX | ع.د0.1792 | ع.د0.1797 | -0.26% |
1 VEX | ع.د0.3585 | ع.د0.3594 | -0.26% |
5 VEX | ع.د1.79 | ع.د1.8 | -0.26% |
10 VEX | ع.د3.58 | ع.د3.59 | -0.26% |
50 VEX | ع.د17.92 | ع.د17.97 | -0.26% |
100 VEX | ع.د35.85 | ع.د35.94 | -0.26% |
500 VEX | ع.د179.25 | ع.د179.72 | -0.26% |
1000 VEX | ع.د358.49 | ع.د359.44 | -0.26% |
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