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Devalued its currency by about 20%
- Iraq devalued its currency by about 20% against the dollar as the cash-strapped government faces an economic crisis brought about by low oil prices and crude-production cuts.
www.bloomberg.com/news/articles/2020-12-19/iraq-devalues-currency-by-record-against-dollar-as-economy-wilts
Oct 5, 2023 · BAGHDAD, Oct 5 (Reuters) - Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024 in the latest push to curb the misuse of its hard currency reserves in financial...
- Iraq set in 'battle' against dollar smugglers, c.bank ...
BAGHDAD, Aug 16 (Reuters) - Iraq has made strides...
- Iraq set in 'battle' against dollar smugglers, c.bank ...
Oct 5, 2023 · Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1, 2024, in the latest push to curb the misuse of its hard currency reserves in financial crimes and the evasion of...
Iraq will ban the US dollar from the start of next year as the global movement against the greenback gathers pace, one of the country's top financial policymakers told Reuters.
Mar 27, 2023 · Iraq is struggling to control a crippling currency crisis that has roiled the country for months, underlining the fragility of its oil-dependent economy 20 years on from the US-led invasion.
The Central Bank of Iraq announced Thursday the approval from the US Federal Reserve to supply dollar cash in 2024, as part of efforts to stabilize the Iraqi economy and its currency.
Aug 16, 2023 · BAGHDAD, Aug 16 (Reuters) - Iraq has made strides implementing U.S. dollar supply restrictions targeting Iran but faces an uphill battle with a banking system unaccustomed to strict oversight...
Jan 23, 2023 · The currency has lost nearly seven percent of its value since mid-November. The official rate stands at 1,470 dinars to the dollar. The drop in the past two months has affected markets in...
