BAGHDAD — Iraq’s Central Bank on Saturday announced it will devalue the nation’s currency by more than 20% in response to a severe liquidity crisis brought on by low oil prices, a measure that has sparked public outrage as the government struggles to cover its expenses.

There are confirmed news items that Iraq did plan to redenominate its currency, but not revalue. 9 In the absence of any revaluation, there is going to be no change in the forex exchange rate of Iraqi dinar IQD (with or without redenomination).

Understanding the Iraqi Dinar (IQD) The dinar was pegged to the British pound (GBP) until 1959, when it was pegged to the U.S. dollar (USD). The exchange rate remained relatively stable until the Gulf War in the early 1990s. The dinar was worth over $3 in U.S. currency prior to the 1990 to 1991 Gulf War.

The U.S. Treasury lists the dinar as worth nothing. Collectors think otherwise. While low-denomination Saddam notes have some souvenir value, prices are far higher for older Iraqi currency, said Audrius Tomonis, a currency collector who runs the website Banknotes.com.

Does Wells Fargo buy or sell Iraqi dinar? No, Wells Fargo does not buy or sell Iraqi dinar in any location – online, by phone, or in our branches.

Kurdish

The common verbal greeting is “Peace be with you” in Arabic (“Asalaamu alaikum”). The appropriate response returns the well-wishing: “Wa alaikum salaam” meaning “and peace be unto you”. Use a person’s first name and title when greeting them unless they permit you to move onto a casual naming basis.

Although Iraq is an overwhelmingly Muslim country, it is both religiously and ethnically diverse. More than 95 percent of the population is Muslim, but this total is divided between Shiites who constitute about 55-60 percent and Sunnis who represent 35-40 percent.

Baghdadi Arabic

Arabic

Islam

While Saudi Arabia does allow non-Muslims to live in Saudi Arabia to work, they may not practice religion publicly. According to the government of the United Kingdom: The public practice of any form of religion other than Islam is illegal; as is an intention to convert others.

Irreligion in Saudi Arabia is difficult to measure as it is illegal to leave the Islamic faith in the country. Most atheists in Saudi Arabia communicate with each other via the internet. Apostasy is punishable by death in Saudi Arabia. …

Persecution of Non-Believers in the Middle East Though persecution of blasphemous atheists are often carried out by law in the Middle East, some states like Turkey and Lebanon do allow atheists to live rather safely though withstanding any promise of legal form of safety.

It is polite to avoid eating, drinking or smoking in front of a Muslim during the daylight hours of the fasting month of Ramadan. In Saudi Arabia, it is considered disrespectful to engage in these activities in public. Not eating very much can be perceived as rude or a sign that the food tastes bad.