Iraq devalues its currency as the US war with Iran disrupts oil shipping routes
- The country’s central bank said in a statement that the new exchange rate had been decided at a meeting of Iraq’s Cabinet the night before “to meet the relevant financial, economic and monetary requirements.
- ”The previous exchange rate was set in 2023.
- In practice, there has always been a gap between the offici
Unverified
- The country’s central bank said in a statement that the new exchange rate had been decided at a meeting of Iraq’s Cabinet the night before “to meet the relevant financial, economic and monetary requirements.
- ”The previous exchange rate was set in 2023.
- In practice, there has always been a gap between the offici
Sources: ABC News