Economic·Al Jazeera·3h agoIraq
Iraq Devalues Dinar as Traders Halt Business
Currency drops 15% against dollar; markets ground to a halt
Negative1 min readImportance
AI Summary
Iraq devalued the dinar to 1,520 per US dollar from 1,320, a nearly 15 percent drop, halting trading in Baghdad markets as merchants absorb losses and the government covers salaries amid an oil revenue crisis.
Keywords
Iraqi dinarcurrency devaluationIraq economyStrait of Hormuzoil exports
