Iraqi dinar

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/iraqi-dinar

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What money is used in Iraqi dinar?IQD
2. Who wrote Iraqi dinar?Central Bank of Iraq (CBI)
3. What is the primary economic driver?Oil revenues significantly influence the dinar's value and the Iraqi economy
4. What is the exchange rate (feb 7, 2023)?1 USD ≈ 1,300 IQD
5. Why does the Central Bank of Iraq control the dinar?The Central Bank keeps the dinar’s value stable and controls inflation. It also manages credit and helps the financial system run smoothly.
6. How does the dinar help Iraq trade with other countries?A strong dinar makes imports cheaper and exports more competitive. This helps Iraqi businesses sell goods abroad and buy goods from other nations.

Monetary Policy: Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.
Foreign Exchange Auction: A process where a central bank sells foreign currency (like USD) to commercial banks to influence the domestic currency's exchange rate.
Economic Diversification: The process of shifting an economy away from a single or few commodities or sectors towards a wider range of goods and services.