Iraq devalues currency as war and Hormuz closure squeeze cash
First reported 7 Oct, 09:27 UTCUpdated 3d ago3 sources
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Iraq has officially devalued its currency again, setting a new official exchange rate of 1,500 Iraqi dinars per US dollar, according to a document seen by The National . The Council of Ministers approved the move late on Tuesday, based on a recommendation from the Central Bank of Iraq, the banking regulator said in a…
Excerpt from The National (UAE)
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MPs oppose dinar devaluation, citing increased living costs and financial strain on Iraq’s most vulnerable populations.
Iraq has officially devalued its currency again, setting a new official exchange rate of 1,500 Iraqi dinars per US dollar, according to a document seen by The National . The Council of Ministers approved the move late on Tuesday, based on a recommendation from the Central Bank of Iraq, the banking regulator said in a…
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- Iraq devalues currency as war and Hormuz closure squeeze cash (opens The National (UAE) in a new tab)
Iraq has officially devalued its currency again, setting a new official exchange rate of 1,500 Iraqi dinars per US dollar, according to a document seen by The National . The Council of Ministers approved the move late on Tuesday, based on a recommendation from the Central Bank of Iraq, the banking regulator said in a…
- Iraq devalues currency as Middle East war hits oil exports (opens Punch in a new tab)
Iraq’s central bank has devalued the dinar against the dollar, citing a crisis caused by the Middle East war which has hurt the country’s oil exports. Read More: https://punchng.com/iraq-devalues-currency-as-middle-east-war-hits-oil-exports/
- Iraq devalues its currency but some MPs oppose it (opens Al Jazeera in a new tab)
MPs oppose dinar devaluation, citing increased living costs and financial strain on Iraq’s most vulnerable populations.
