✉news BusinessBanking first seen 7 h ago, last 1 h ago, peak #6
Iraq Devalues Dinar by 14.5% in First Move in Three Years
Original: Iraq Devalues Dinar for the First Time in 3 Years by 14.5%
Iraq has devalued its currency, the dinar, by 14.5%, its first devaluation in three years. The move affects Iraqis' purchasing power and has drawn attention across regional financial and banking circles, with observers weighing its impact on imports, salaries and savings in an economy heavily dependent on oil revenues.
Why now: A major currency devaluation by an oil-dependent economy has direct consequences for Iraqis and regional markets, making it a talking point.
Rank over time, top of the chart is #1. 6 snapshots from 7 h ago to 1 h ago.
Evidence
- Iraq Devalues Dinar for the First Time in 3 Years by 14.5% · The Media Line
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