Iraqi Dinar (IQD)
The Iraqi Dinar (IQD) is the official currency of Iraq and isn’t widely available in Australia because it’s a closed currency. This often leads to big differences in exchange rates. Travellers heading to Iraq can save money by exchanging dinars at the right time, avoiding airport markups, and choosing a trusted money exchange provider with competitive rates.
What Is the Iraqi Dinar (IQD)?
The Iraqi Dinar (IQD / ع.د) is the official currency of Iraq and is the only currency used in Iraq. The Dinar is a unique and less commonly traded currency, and because it’s a closed currency, it’s difficult to source outside of Iraq.
While Iraq is a unique and culturally rich destination, those visiting should ensure they carry the correct currency and understand how to authenticate it to avoid counterfeits.
Iraqi Dinar History
The Iraqi Dinar (IQD / ع.د) has a history tied to major economic and political developments:
- Introduced in 1932, replacing the Indian rupee as Iraq’s official currency
- Issued by the Central Bank of Iraq (CBI)
- Serves as Iraq’s official legal tender
- Modern banknotes feature a range of security features to help prevent counterfeiting
Currency code/Symbol
IQD / ع.د
Live rate : 1 IQD = 0.0016 AUD
Iraqi Dinar
in stock
Buy Iraqi Cash Now
Banknote Denominations
250 IQD, 500 IQD, 1,000 IQD, 5,000 IQD, 10,000 IQD, 25,000 IQD
Coin Denominations
50, 100, and 250 fils (mostly obsolete)
Where to Buy IQD in Australia
If you’re wondering where to buy IQD in Australia, you have three main options:
Banks
Banks don’t offer dinars.
Specialist Currency Exchange Providers
Specialist providers like Danesh Exchange offer:
- Better IQD exchange rates
- No hidden fees
- Fast, friendly service
- Reliable availability of IQD notes
Whether you’re travelling for business or leisure, Danesh Exchange makes it easy to buy IQD in Australia at a fair price.
Airport Kiosks
Airport currency exchange kiosks are convenient but expensive. Their rates typically include high margins, meaning travellers often pay significantly more for the same amount of IQD. It’s best to avoid exchanging money at airports.
Specialist currency providers like Danesh Exchange are one of the cheapest ways for buying currency. With competitive rates, no hidden fees, and fast service, making it easier for travellers and families to get the currency they need at a fair price anywhere in Australia.
Should I Buy IQD Now?
The best time to buy IQD is when the AUD to IQD exchange rate is favourable. Because rates fluctuate daily, monitoring small dips can help you save money.
Many travellers purchase IQD 1–2 weeks before departure to avoid lastminute airport rates and ensure they have cash ready upon arrival.
Why travellers prefer Danesh Exchange?
Travellers choose Danesh Exchange for:
Better
exchange rates
No
commission fees
Faster,
friendly service
Availability
More flexible
denominations
Tips for Getting the Best IQD Exchange Rate
Compare exchange rates before purchasing
Check multiple providers to see who’s offering the strongest IQD rate. Even small differences can add up when exchanging larger amounts
Choose providers with no hidden fees
Look for transparent pricing. A great rate means nothing if extra charges eat into your money.
Buy during favourable market dips
Exchange rates move daily. If you’re not in a rush, monitor the market and buy when the AUD strengthens.
Use trusted, well reviewed money exchangers
Reputation matters. Choose licensed, well‑reviewed providers to ensure safety, accuracy, and fair pricing.
Is It Safe to Buy IQD in Australia?
Yes — as long as you use a licensed and reputable money exchange provider. Look for:
Transparent pricing
No commission fees
Verified customer reviews
FAQ – Iraq Iraqi Dinar (IQD)
How can I get IQD in Australia?
Danesh Exchange offers easy online ordering with 3,000+ Australia Post pickup locations or home delivery.
How much IQD can I order?
You can order up to AUD 7,000 per transaction.
What denominations do IQD notes come in?
Common notes include 250, 500, 1000, 2000, 5000, 25000 and 50000. Danesh Exchange provides highest denominations (25K and 50K)
What are the fees for buying IQD?
No commission fees — you only pay the exchange rate. Delivery fees may apply.
Is the IQD accepted outside the Iraq?
No, apart from Iraq it cannot be used.
Is it cheaper to exchange money in Australia or the Iraq?
Travellers often get better value by exchanging money in Australia, where rates are more transparent and regulated.
Can I sell leftover IQD when I return to Australia?
Yes, you can sell your unused IQD back to AUD. Get in touch with us.
Can I use Australian Iraqi Dinar in the Iraq?
No — AUD is not accepted for everyday purchases in Iraq but can be exchange to local currency at inflated price.
.png)
