February 8, 2025
Iraq currency in flux as foreign transfers come under scrutiny

IRAQ’S local currency has been on a two-month roller coaster ride following a tightening of procedures for international transfers, with some blaming Washington for the dinar’s woes.

While the official exchange rate has been fixed at 1,470 Iraqi dinars against the dollar, the currency was trading at up to 1,600 to the greenback on local markets from mid-November…
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