MVS to IQD Converter and calculator


Conversion rates
Convert MVS to IQD
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MVS to IQD chart
MVS to IQD conversion data: Volatility and price changes of Multiverse in IQD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.03995 IQD | 0.03995 IQD | 0.04043 IQD | 0.04208 IQD |
Low | 0.03972 IQD | 0.03972 IQD | 0.03972 IQD | 0.03972 IQD |
Average | 0 IQD | 0 IQD | 0 IQD | 0 IQD |
Volatility | % | % | % | % |
Change | +0.07% | -0.43% | -1.71% | -5.22% |
Multiverse information
MVS to IQD market statistics
Current MVS to IQD exchange rate
Multiverse to Iraqi dinar is falling this week.More info about Multiverse on Bitget
Iraqi dinar information
About Iraqi Dinar (IQD)
The Iraqi Dinar (IQD), the official currency of Iraq, is a significant symbol of the nation's economic and political history. It is commonly abbreviated as IQD and represented by the symbol ع.د. Introduced in 1932, replacing the Indian Rupee, the Dinar has been a witness to Iraq’s rich cultural heritage, vast economic changes, and periods of conflict and reconstruction.
Historical Background
The Iraqi Dinar was established when Iraq was a British mandate following World War I. The decision to replace the Indian Rupee with the Dinar was part of Iraq’s initial steps towards establishing a sovereign state. The currency has since undergone several transformations, reflecting the country’s turbulent history, including coups, wars, and economic sanctions.
Design and Symbolism
The design of the Iraqi Dinar reflects the country's rich history and diverse culture. Banknotes feature important historical figures, such as King Faisal I, and landmarks that symbolize Iraq’s ancient civilization, like the Great Mosque of Samarra. The notes also showcase Iraq’s natural beauty, including rivers and palm trees, representing the country’s agricultural heritage.
Economic Role
The Dinar is central to Iraq’s economy, driven primarily by oil exports. It facilitates all economic activities within the country, from government spending to local trade. The stability of the Dinar is crucial for economic growth, affecting everything from foreign investment to the purchasing power of ordinary Iraqis.
Monetary Policy and Inflation
Managed by the Central Bank of Iraq, the Dinar’s value has been subject to fluctuations due to political instability, economic sanctions, and fluctuating oil prices. The bank’s policies aim to stabilize the currency, control inflation, and foster a climate conducive to economic recovery and growth.
The Dinar in International Trade
Given Iraq’s status as a major oil exporter, the Dinar plays a significant role in international trade within the energy sector. The currency’s exchange rate against global currencies impacts Iraq’s trade balance and overall economic stability.
Sanctions and the Dinar
Economic sanctions have historically impacted the Dinar’s value and Iraq’s economy. The lifting of sanctions and subsequent economic reforms play a crucial role in the Dinar’s recovery and the nation’s reintegration into the global economy.
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MVS to IQD Conversion tables
Amount | 12:10 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MVS | ع.د0.01990 | ع.د0.01989 | +0.07% |
1 MVS | ع.د0.03980 | ع.د0.03977 | +0.07% |
5 MVS | ع.د0.1990 | ع.د0.1989 | +0.07% |
10 MVS | ع.د0.3980 | ع.د0.3977 | +0.07% |
50 MVS | ع.د1.99 | ع.د1.99 | +0.07% |
100 MVS | ع.د3.98 | ع.د3.98 | +0.07% |
500 MVS | ع.د19.9 | ع.د19.89 | +0.07% |
1000 MVS | ع.د39.8 | ع.د39.77 | +0.07% |
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