Pound Sterling to Iraqi Dinar — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: Iraq

Currency Code, Symbol: IQD, د.ع

Denominations of coins in circulation: 10000, 50000 dinars

Denominations of banknotes in circulation: 250, 500, 1,000, 5,000, 25,000 dinars

History: The Iraqi dinar (د.ع) is the main currency of Iraq. IQD is used as an abbreviation on the global exchange market.Small coins called fils are formally used for change for the Iraqi dinar. Every IQD has 1000 fils. However, since 1990, fils has not been used due to inflation. The currency has been issued since 1932. Before having its own currency, Iraq used the Indian rupee. Since their appearance, notes and coins have gone through several significant changes. Only one detail remained the same: all writing is duplicated in English and Arabic.Read More