The exchange rate between the Iraqi Dinar (IQD) and the Pakistani Rupee (PKR) is important for overseas workers, traders, and businesses connected with Iraq. As of today, 1 Iraqi Dinar equals approximately 0.20 Pakistani Rupees. This means the Pakistani Rupee is stronger in comparison, and large amounts of Iraqi Dinars convert to a small amount in PKR.
Exchange rates change daily based on inflation, international trade, and market demand.
Current Exchange Situation
The Iraqi Dinar has faced pressure over the years due to war, political instability, and economic challenges. Although Iraq is an oil-rich country, fluctuations in global oil prices also affect its currency strength.
Pakistan’s currency also struggles with inflation, but it still remains stronger against the Iraqi Dinar.
Many Pakistanis working in Iraq — especially in construction and trade — send money back home. However, not all exchange companies deal directly in IQD, so most transactions are handled through banks or online currency converters.
Today’s Conversion Table
| Iraqi Dinar (IQD) | Pakistani Rupee (PKR) |
|---|---|
| 1 IQD | 0.20 PKR |
| 10 IQD | 2.00 PKR |
| 100 IQD | 20.00 PKR |
| 1,000 IQD | 200.00 PKR |
| 10,000 IQD | 2,000.00 PKR |
| 100,000 IQD | 20,000.00 PKR |
Note: Rates may vary slightly depending on money exchange services, banks, or daily market trends.
Why the Exchange Rate Matters
This exchange rate is important for:
✅ Overseas Pakistani workers sending money home
✅ Importers and traders dealing with Iraqi products
✅ Travelers moving between both countries
✅ Businesses handling cross-border payments
Even a small change in the rate can impact remittances and trade profits.
How to Check Daily Rate
Since exchange rates change frequently, the most accurate sources are:
- Online currency converter platforms
- Official financial news outlets
- Licensed exchange companies
- Bank currency rate lists
Using unofficial dealers may cause losses, so it’s safer to exchange money through registered services.
Conclusion
Currently, 1 IQD = 0.20 PKR, showing that the Pakistani Rupee is stronger than the Iraqi Dinar.
Despite the lower value, many Pakistanis continue sending remittances from Iraq, supporting families and boosting Pakistan’s economy.
Checking daily currency updates helps workers, traders, and travelers make better financial decisions.
