# Iraq devalues currency by 15% as Hormuz crisis disrupts oil exports

https://mins.news/en/video/91389

- Al Jazeera English, 2026-10-08 12:30 UTC
- Economy
- Original: https://www.youtube.com/watch?v=v8eCEJrzAp4

> Iraq has devalued its currency by about 15%, its largest adjustment since 2020. The government says the move responds to disrupted oil exports through the Strait of Hormuz. Iraq’s reliance on imported food is expected to push up the cost of staples such as rice and flour.

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