Question: is iqd pegged to usd?
Answer: The dinar, first introduced in 1932 to replace the Indian rupee, had a conversion rate of one dinar for 11 rupees. The dinar was pegged to the British pound (GBP) until 1959, when it was pegged to the U.S. dollar (USD). ... The exchange rate for the USD/IQD is set at 1,190, which means it costs 1,190 dinars to buy one USD.