MPs oppose dinar devaluation, citing increased living costs and financial strain on Iraq’s most vulnerable populations.

Oct 7 (Reuters) - Iraq's cabinet approved a new exchange-rate structure for the dinar, setting a rate of 1,520 dinars per US ...

The government hopes a weaker dinar will help pay salaries, but traders face rising import costs and uncertainty.

Under the decision approved by the Iraqi Council of Ministers, the new exchange-rate structure sets the dollar’s purchase price by the Ministry of Finance at 1,500 dinars, while the selling price to ...

BAGHDAD: ‌Iraq has reached an ​understanding with the United States to continue dollar cash shipments ‌to Iraq, with ‌a ​new ‌shipment ⁠expected ​in the ⁠coming days, a government spokesperson told ...

Iraq keeps more than $100 billion in reserves in the United States, giving Washington substantial influence over Baghdad’s access to physical dollars.

US Halts Iraq Dollar Cash Shipment After Militia Strikes, Sources Say By Ahmed Rasheed, Maha El Dahan and Timour Azhari BAGHDAD/DUBAI April 21 (Reuters) - The ⁠United ⁠States has halted a shipment of ...

BAGHDAD: Iraq will ban cash withdrawals and transactions in US 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 US ...

Why did Iraq devalue its currency? The "dual grip of the dollar" cornering an oil stateWhen a country can no longer sell oil due to war, who does it force to bear the burden of that loss? In October ...

Iraq said Saturday that it had reached an agreement with the United States to continue shipments of physical US dollars to Baghdad, with another delivery expected within days, after Washington ...

BAGHDAD/DUBAI April 21 (Reuters) - The United States has halted a shipment of about $500 million in cash bound for Iraq and suspended parts of its security cooperation with Baghdad, in ‌a move aimed ...