As of June 2018, one US Dollar is worth approximately 1,166 IQD. The Iraqi Dinar is currently the world's least valued currency, with one US Dollar being worth over 1,000 IQD. The value of theIQD has been on a steady decline since the early 1990s when it was worth 3,000 IQD to one USD. The current exchange rate is due to a variety of factors, including high inflation rates in Iraq, instability in the region and low oil prices.