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Openfabric AI to Iraqi dinar Converter and calculator

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Convert 1Openfabric AI (OFN) to Iraqi dinar (IQD) equals ع.د 44.12 | Bitget
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Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Openfabric AI(OFN) to Iraqi dinar(IQD). This is the real-time data. The current conversion shows 1 OFN at a value of 1 OFN for 44.12 IQD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

IQD 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 Iraqs 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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Bitget crypto-to-fiat exchange data shows that the most popular Openfabric AI currency pair is the OFN to IQD, with for Openfabric AI's currency code being OFN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for IQD.

OFN to IQD conversion rate trend

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In the past 1D, Openfabric AI has changed +5.13% to IQD. Based on the trend and price charts, Openfabric AI(OFN) has changed +5.13% to IQD while Iraqi dinar(IQD) has changed % to OFN in the last 24 hours.

OFN to IQD market statistics

OFN/IQD:
ع.د 44.12
OFN 24h volume:
ع.د 379,688,923.76
OFN market cap:
ع.د 6,099,583,098.76
OFN circulating supply:
138.25M OFN

Current OFN to IQD exchange rate

Openfabric AI to Iraqi dinar is falling this week.
Openfabric AI's current market price is ع.د 44.12 per OFN, with a total market cap of ع.د 6,099,583,098.76 IQD based on a circulating supply of 138,252,820 OFN. The trading volume of Openfabric AI has changed by -19.49% (ع.د -91,944,455.69 IQD) in the last 24 hours. Last trading day, OFN's trading volume was ع.د 471,633,379.45.

OFN to IQD Conversion tables

The exchange rate of Openfabric AI is decreasing.
1 OFN is currently valued at ع.د 44.12 IQD , which means buying 5 OFN will cost ع.د 220.6 IQD . Similarly, ع.د1 IQD can be traded for 0.02267 OFN, and ع.د50 IQD can be converted to 1.13 OFN, excluding any platform or gas fees.
The exchange rate of 1 OFN to Iraqi dinar has changed by -27.41% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.13%, reaching a high of 45.22 IQD and a low of 39.14 IQD . One month ago, the value of 1 OFN was ع.د 71.66 IQD , which represents a -38.43% change from its current value. Over the last year, Openfabric AI has changed by
-ع.د
1,038.32IQD
, resulting in a change of -95.92% in its value.

OFN to IQD

Amount
22:00 today
0.5 OFN
ع.د22.06
1 OFN
ع.د44.12
5 OFN
ع.د220.6
10 OFN
ع.د441.19
50 OFN
ع.د2,205.95
100 OFN
ع.د4,411.91
500 OFN
ع.د22,059.53
1000 OFN
ع.د44,119.05

IQD to OFN

Amount22:00 today
0.5IQD0.01133  OFN
1IQD0.02267  OFN
5IQD0.1133  OFN
10IQD0.2267  OFN
50IQD1.13  OFN
100IQD2.27  OFN
500IQD11.33  OFN
1000IQD22.67  OFN
Buy OFN now

OFN to IQD Today vs. 24 hours ago

Amount22:00 today24 hours ago24h change
0.5 OFNع.د22.06ع.د20.98
+5.13%
1 OFNع.د44.12ع.د41.97
+5.13%
5 OFNع.د220.6ع.د209.83
+5.13%
10 OFNع.د441.19ع.د419.65
+5.13%
50 OFNع.د2,205.95ع.د2,098.25
+5.13%
100 OFNع.د4,411.91ع.د4,196.51
+5.13%
500 OFNع.د22,059.53ع.د20,982.53
+5.13%
1000 OFNع.د44,119.05ع.د41,965.05
+5.13%

OFN to IQD Today vs. 1 month ago

Amount22:00 today1 month ago1M change
0.5 OFNع.د22.06ع.د35.83
-38.43%
1 OFNع.د44.12ع.د71.66
-38.43%
5 OFNع.د220.6ع.د358.3
-38.43%
10 OFNع.د441.19ع.د716.6
-38.43%
50 OFNع.د2,205.95ع.د3,582.99
-38.43%
100 OFNع.د4,411.91ع.د7,165.98
-38.43%
500 OFNع.د22,059.53ع.د35,829.88
-38.43%
1000 OFNع.د44,119.05ع.د71,659.76
-38.43%

OFN to IQD Today vs. 1 year ago

Amount22:00 today1 year ago1Y change
0.5 OFNع.د22.06ع.د541.22
-95.92%
1 OFNع.د44.12ع.د1,082.44
-95.92%
5 OFNع.د220.6ع.د5,412.19
-95.92%
10 OFNع.د441.19ع.د10,824.37
-95.92%
50 OFNع.د2,205.95ع.د54,121.87
-95.92%
100 OFNع.د4,411.91ع.د108,243.75
-95.92%
500 OFNع.د22,059.53ع.د541,218.73
-95.92%
1000 OFNع.د44,119.05ع.د1,082,437.46
-95.92%

How to convert OFN to IQD

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Convert OFN to IQD
Use a variety of payment options to buy Openfabric AI on Bitget. We'll show you how.

Buy OFN (or USDT) for IQD (Iraqi Dinar) offers

Bitget P2P trading does not currently support direct buying of OFN with IQD. However, you can buy USDT in Bitget P2P trading first, and then buy OFN with USDT via Bitget spot market.
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Sell OFN (or USDT) for IQD (Iraqi Dinar) offers

Bitget P2P trading currently does not support direct selling of OFN to IQD. However, you can first exchange OFN for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of OFN to IQD?

There are many factors that affect the relationship between Openfabric AI and Iraqi Dinar, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of OFN/IQD. When there is positive news in the market about the widespread adoption of OFN or major technological breakthroughs, it tends to trigger market optimism and drive the rise of OFN/IQD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in OFN/IQD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of OFN/IQD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Openfabric AI and adjust their investment strategies accordingly in the evolving market.

Openfabric AI price prediction

What will the price of OFN be in 2026?

Based on OFN's historical price performance prediction model, the price of OFN is projected to reach $0.04239 in 2026.

What will the price of OFN be in 2031?

In 2031, the OFN price is expected to change by +28.00%. By the end of 2031, the OFN price is projected to reach $0.07946, with a cumulative ROI of +161.31%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Openfabric AI and IQD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Openfabric AI and IQD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Openfabric AI in IQD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.