The Central Bank of Iraq (CBI) has confirmed its commitment to a stable foreign exchange rate for the Iraqi dinar. According to a statement from the bank, "the dollar exchange rate is fixed and there are no intentions to change."

Is the Iraqi dinar going to revalue in 2021?

There are confirmed news items that Iraq did plan to redenominate its currency, but not revalue. 9 In the absence of any revaluation, there is going to be no change in the forex exchange rate of Iraqi dinar IQD (with or without redenomination).

Is investing in Iraqi dinar a good idea?

If you are considering investing in Iraqi Dinar, consider the risks. Like any investment, there are risks involved and no return on investment is guaranteed. There is also the historical value of the Iraqi Dinar, as we can see from the multiple denominations and imagery on Dinar banknotes.