The dinar is the name of the official currency of a number of nations, including Algeria, Iraq, Libya, Serbia, and Tunisia. Its name derives from "denarius," a coin widely used by citizens of the Roman Empire.
The United States Dollar serves as the official currency of the United States, and the official or de facto currency of a number of world nations. The dollar, which was created by the Coinage Act of 1792, contains a portrait of President George Washington. U.S. coins are minted in one dollar, 50-cent, 25-cent, 10-cent, 5-cent, and 1-cent denominations.
To convert from dollars to dinars, you must first figure out which type of dinar (Algerian, Iraqi, Kuwaiti, etc.) you wish to convert to. Next, you must find the official exchange rate. Exchange rates vary from day to day, so make sure that you are using the latest rate. Oanda.com contains all the official exchange rates. The Resources section below contains three additional sites with up-to-the-minute rates.
On Aug. 3, 2009, the exchange rate was 1 U.S. dollar = 1,165.43 Iraqi dinars, or 1 dinar = 0.000858059 U.S. dollars. If you have X number of U.S. dollars, simply multiply by 1,165.43 to find out the value in dinars. If you have X number of dinars, simply multiply by 0.000858059 to find the value in U.S. dollars.
A smart way to convert between currencies is to use an online currency calculator, thereby ensuring that you are using the latest official exchange rates. There are a number of online currency calculators that offer instant conversion---Oanda.com has a superb one.
