Iraqi Monetary Unit, also known as the currency of Iraq, has a variety of synonyms. Some of the most common synonyms for the Iraqi Monetary Unit are IQD (the currency code), Iraqi Dinar, and Dinars. In addition, the currency is sometimes also referred to as simply the Iraqi currency. Other less common synonyms include the Iraqi Pound, the Iraqi Rial, and the Baghdad Dinar. Regardless of the synonym used, the Iraqi Monetary Unit holds an important position in the Middle Eastern economy, and is used daily by millions of Iraqis for both domestic and international transactions.