Where to Check The Iraqi Dinar Exchange Rate?

by admin | July 18th, 2013

Authoritative Iraqi dinar exchange rate information is found at official government websites like:

Yearly Average Currency Exchange Rates are published by the IRS. The Internal Revenue Service has no official exchange rate. Generally, it accepts any posted exchange rate that is used consistently.

CIA World Factbook provides the official value of a country’s monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.

US Treasury Financial Management Service - Which reports standardized exchange rates for use in reporting by US governement agencies.

This quarterly report reflects exchange rates at which the U.S. government can acquire foreign currencies for official expenditures as reported by disbursing officers for each post on the last business day of the month prior to the date of the published report. Example: The quarterly report as of December 31, will reflect exchange rates reported by disbursing officers as of November 30. If current rates deviate from the rates in this report by 10 percent or more, Treasury will issue amendments to this quarterly report. Amendments will also be issued to reflect the establishment of new foreign currencies.

To ensure all reports are translated at uniform exchange rates, all U.S. government agencies should use these rates, except as noted above, to convert foreign currency balances and accomplished reported transactions to U.S. dollar equivalents as of the date of this report and for the ensuing three months. Since the exchange rates in this report are not current rates of exchange, they should not be used to value transactions affecting dollar appropriations.

Central Bank of IRAQ (CBI) reports Iraqi dinar exchange rate figures based on its regular auctions of Iraqi dinar currency auctions.

In addition to these authoritative government resources, the IRS webpage on Foreign Currency and Currency Exchange Rates lists three following external, non-government Iraqi dinar exchange rate sites which can be considered reliable:

  • Oanda.com
  • xe.com
  • x-rates.com

Leave a Reply

Copyright © 20010, Dinar Inc., All rights reserved.