Iraq Devalues Dinar for the First Time in 3 Years by 14.5% #CentralBankofIraq #Currency #Iraqidinar #USdollar

Iraq Devalues Dinar for the First Time in 3 Years by 14.5% #CentralBankofIraq #Currency #Iraqidinar #USdollar
#Iraq #IraqiDinar #CurrencyPeg
Iraq has devalued the dinar as Strait of Hormuz disruptions pressure oil exports and government finances, while the weaker currency raises import costs.
💵 Iraqi dinar revaluation talk is back, but the CBI is still pointing to a 1,300 budget rate. If you’re waiting for a sudden reset, the official signals are saying “steady,” not “moon.” www.ebc.com/forex/will-t...