Sandy Ingram – Dinar Guru Iraq is on the Forex market… but not in the same way as major global currencies like the US dollar, Euro or British pound. The IQD is not freely convertible internationally. You can’t walk into a bank or forex platform in the United States or Europe and easily trade IQD. Most major Forex brokers do not list the Iraqi dinar for retail trading because it is a non-convertible restricted currency. Its trading is confined mainly to inside Iraq or in niche physical currency exchanges abroad, often for speculative purposes.