For most of 2004 the New Iraqi dinar (NID) maintained a broadly stable rate of exchange with the US dollar, and official data up to mid-December 2004 suggested that the average rate of exchange was NID1,453:US$1.
Given relative local confidence in the new currency, The Economist Intelligence Unit experts expect the dinar to strengthen slightly in 2005 to an average of around NID1,430:US$1, and, with improved security and economic activity, to appreciate further in 2006 to about NID1,200:US$1.
