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Why has Iraq devalued its currency, and why are some MPs against it?
MPs oppose dinar devaluation, citing increased living costs and financial strain on Iraq’s most vulnerable populations.
Iraq’s Ministry of Finance implemented Cabinet Resolution 544 setting the dollar at 1,500 IQD and suspended advance customs collections to ease commercial trade.
Iraq has devalued its currency, changing the official exchange rate from 1,300 to 1,500 dinars to the U.S. dollar.
Iraq’s draft 2027 budget of 217 trillion dinars confronts a projected 50 trillion dinar deficit driven by soaring public ...
Iraq's central bank devalued the dinar currency against the dollar on Wednesday, with the country facing a deepening crisis ...
Iraq's cabinet approved a new exchange-rate structure for the dinar, setting a rate of 1,520 dinars per US dollar, roughly 14 ...
As followers of the Iraqi dinar know, there are a lot of "updates" out there on the various websites that either sell or track the troubled currency. Most of this "news" is much ado about nothing.
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