The official currency of Iraq is called the Iraqi Dinar. It is used throughout the country to buy goods, receive services, pay bills and save money. Its currency symbol is ع.د and its international currency code is IQD.

The Dinar was introduced in 1932 when it replaced the Indian Rupee. At that time, after British rule, after World War I, the Indian Rupee was in use in Iraq. When Iraq was moving towards becoming an independent country, creating its own currency was an important step to create a strong national identity.