The Iraqi dinar is the official currency of Iraq, introduced in 1932. It is abbreviated as IQD and is subdivided into 1,000 fils, although fils are no longer in use. The dinar has undergone several changes in design and value, especially following the economic challenges faced by the country. The currency is issued by the Central Bank of Iraq, which manages its supply and stability. The dinar's value can fluctuate significantly due to various factors, including political stability, oil prices, and economic conditions in the region.