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About this currency pair
Iraqi Dinar (IQD) — the currency of Iraq
The Iraqi dinar replaced earlier rupee-linked money in the 20th century and remains Iraq’s main accounting and payment unit. The Iraqi Dinar is used in Iraq and often appears in travel spending, public fees, salaries, remittances, trade and regional business invoices. Conversions are useful for travel, remittances, local pricing, accounting records and comparing costs with larger international currencies. The dinar name has roots in older Mediterranean and Middle Eastern monetary history, and is still common across parts of the Arab world.
British Pound Sterling (GBP) — a major international currency
The pound sterling is one of the world’s oldest currencies still in use and remains closely associated with UK prices, wages, banking and financial markets. GBP is also important for travel, ecommerce, invoices, investment reporting and comparisons with EUR and USD, especially because London is a major international financial centre.