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Why Iraq devalued its currency, and why MPs object
Original: Why has Iraq devalued its currency, and why are some MPs against it?
Iraq has devalued its dinar, a move that has drawn opposition from some members of parliament. The government cites pressure on foreign currency reserves and the need to fund salaries amid lower oil revenues, while critics argue the measure will raise prices for ordinary Iraqis who depend on imported goods. Debate over the decision is unfolding in Baghdad as lawmakers question who bears the cost of the adjustment.
Why now: The devaluation affects everyday prices and imports, prompting parliamentary opposition and public concern.
IraqIraqi dinarIraqi parliament
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