How Often Is the Iraqi Dinar Revalued?


Quick Answer

Iraqi Dinar revaluation has not taken place since 2003. In October 2014, the Iraqi Parliamentary Economic and Investment Commission announced that the planned revaluation has been postponed for five years, based on the security and political situation in the country. Iraq can choose to revalue the currency sooner.

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Full Answer

When the revaluation is approved, there is a plan ready to be implemented by the Iraqi Central Bank. The dinar can be re-valued by removing the zeros from the currency. For example, the current 10,000 dinar can be valued at 10 dinars, by removing the zeros. As of January 2015, $1.00 is worth 1,137 Iraqi Dinar.

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