IQD to PKR Currency Converter - 1 Iraq Dinars To Pakistan Rupee

IQD to PKR

The exchange rate of IQD to PKR is around 0. It means 1 IQD is almost equal to 0 PKR. This exchange rate is continuously changing from time to time. And the changes depend on the economic conditions of both countries. In this article, we will relate both currencies to see how their relationship works. 

IQD

The IQD is the official currency of Iraq. It is also known as the Iraqi Dinar. It is symbolized as ع.د. The IQD currency is subdivided into 1000 fils. The Central Bank of Iraq is regulating the currency.

If we compare the IQD currency to the USD currency, the results are unsatisfactory. The exchange rate between both countries is around , i.e., 1 Iraqi Dinar equals of USD dollar. It shows the worthlessness of the IQD currency.

Similarly, if we compare it to the other currencies globally, the IQD currency is still the least valued currency. As compared to the developed countries, the Iraqi Dinar is being devalued. For many years the Iraqi Dinar’s value hasn’t risen up.

If we look over the reasons for its being devalued, then there are many. But we will mention a few here. The main reason includes the residual effects of actions taken by both Saddam Hussain and the US government also. The IQD currency and its economy was shattered during the Sadam Hussain's Era, and it’s still in the same position. People are actually afraid of buying the IQD currency because it is being devalued around the world.

PKR

The PKR is the official currency of Pakistan. The PKR currency is symbolized as Rs. It is subdivided into 100 Paisa. Currently, coins and banknotes have been circulating all over the country. The currency is regulated by the Central bank named as State Bank of Pakistan. A large number of values can be seen as thousands, lacs, crores, and so on.

If we compare the PKR currency with the USD currency, the results are awful. The exchange rate between both countries is around . And has been rising up day by day. It has led the PKR currency to the least value.

By comparing the PKR currency to the other currencies in the world, the outcome is worthless. It means the PKR currency is the cheapest currency as compared to the well-developed countries. The PKR currency is being devalued for many years.

If we come across the reasons for its being devalued and least currency globally, then there are few. The primary factor is bad political history. Also, the burden of loans devalued the currency. All these factors led the PKR currency to the lowest in the international market.

IQD and PKR

If we now compare both currencies, the PKR currency is much better than the IQD currency. The Iraqi Dinar is being devalued from the era of Saddam Hussain. To raise up the IQD currency, the government should take some major precautions. They badly need to raise their currency’s standard.

Nowadays, in exchange for one Pakistani Rupee, we can get around Iraqi Dinar. But the difference is shrinking steadily but slowly from the past few years.