Looks like it is posted $1 to 1 IQD

fuzzy wrote:If you notice on that site the KWD devalued to 27 cents highly un likely

.27 is the current value of the KWD. That is $3.70 usd. If you see a rate, you divide 1/rate= USD Hope that helps.

Found 2006 article at least here they actually talk about it:


Baker Jaber AL Zubaidi: Iraqi Dinar Value should be Raised
Al-Sabah - [6/29/2006]


The Ministry of Finance together with the Central Bank are studying a proposal to raise the value of the Iraqi dinar in order to return it to previous levels where one Iraqi dinar was valued at 3.33 US dollars. This was pre 1980 before Iraq became involved in three destructive wars that at one time led to the currency's value dropping to a level of 3,000 Iraqi dinars to one US dollar. The proposal has the support and approval of the World Bank.

A statement by B.J. AL Zubaidi, the Minister of Finance, in which he said that he had suggested to the Chairman of the Central Bank, Dr. Sinan AL Shibibi, that three zeros be taken from the Iraqi Dinar in order to raise its value so that one Dinar be equal to a Dollar. He explained that the financial authorities were set on holding a meeting next month to discuss the matter. The meeting is to be attended by experts and specialists from the Ministry of Finance, the Iraqi Central Bank and the Commercial Bank .

The new Minister confirmed that 2007 would see the preparation of a qualitative budget, the first of its kind in Iraq history, and that the new program would pinpoint economic indicators.


RV today

Feisty136

http://translate.google.com/translate?sl=ar&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.alitthad.com%2Fpaper.php%3Fname%3DNews%26file%3Darticle%26sid%3D10




Here's the link to the $3.33 reference..

Indeed!!