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Igor

IQD (Iraqi Dinar) Definition

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The Iraqi Dinar is the official currency of Iraq, given value by the region’s central bank. The Dinar can be broken down into 1,000 fils. Traders investing in the IQD currency hold an optimistic view of the country’s macro economic fundamentals and the value and allocation of the countries natural resources. Price levels are heavily influenced by inflation rates, and the low liquidity levels of this currency make it unavailable in many regions.

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