# Iraq devalues dinar to 1,520 per US dollar, state news agency says

https://mins.news/en/item/89375

- Reuters, 2026-10-07 09:50 UTC
- Economy
- Original: https://www.reuters.com/world/middle-east/iraq-devalues-dinar-1520-per-us-dollar-state-news-agency-says-2026-10-07/?link_source=ta_bluesky_link&taid=6ac615cfa05e110001aa83cc

> Iraq’s cabinet approved a new exchange-rate structure setting the dinar at 1,520 per U.S. dollar, about 14.5% below the previous official rate, according to a Council of Ministers decision and a Finance Ministry statement.

## Related coverage

- [Iraq devalues currency by 15% as Hormuz crisis disrupts oil exports](https://mins.news/en/video/91389) — Al Jazeera English, 2026-10-08
- [Why has Iraq devalued its currency, and why are some MPs against it?](https://mins.news/en/item/91365) — Al Jazeera, 2026-10-08
