EconomyIraq devalues dinar to ease cash crunch, leaving traders in limbo
Iraq raised the official exchange rate from 1,320 to 1,520 dinars per dollar, aiming to generate more local currency from oil revenue and fund salaries and other spending. Traders in Baghdad say the weaker dinar has raised import costs and made pricing uncertain, prompting many to halt trading.
AAl Jazeera★★★★☆2026-10-15 08:44Original
Iraq devalues dinar to ease cash crunch, leaving traders in limbo
Economy