09-October-2026
Economy News
 
Iraq Devalues Dinar to 1,520 Per US Dollar, State News Agency Says
08-Oct-2026

Iraq's cabinet approved a new exchange-rate structure for the dinar, setting a rate of 1,520 dinars per US dollar, roughly 14.5% below the previous official rate, according to a Council of Ministers decision and a Finance Ministry statement. Economists said the devaluation was a response to the disruption of oil sales, the country's biggest source of revenue, caused by the US-Israeli war on Iran.

News Source:- https://money.usnews.com/investing/news/articles/2026-10-07/iraq-devalues-dinar-to-1-520-per-us-dollar-state-news-agency-says
 
 
 

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