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Iraq devalues its currency as Iran-US war disrupts oil shipping routes
The Economic Times
October 7, 2026
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Iraq devalued its currency Wednesday, changing the official exchange rate from around 1,300 dinars to the US dollar to 1,500 dinars to the dollar.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 re
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