Iraq lowers currency exchange rate to 1,500 dinars per US dollar
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Baghdad (IraqiNews.com) – Iraq has officially depreciated its national currency, with the baseline dropping from about 1,300 Iraqi dinars to 1,500 dinars per US dollar.
The Iraqi cabinet approved on Tuesday the structural adjustment, which marks a 14.5 percent decline compared to the previous official framework that had been in place since early 2023.
The Central Bank of Iraq (CBI) established a multi-tiered exchange framework to facilitate the transition across commercial and banking chan
The Iraqi cabinet approved on Tuesday the structural adjustment, which marks a 14.5 percent decline compared to the previous official framework that had been in place since early 2023.
The Central Bank of Iraq (CBI) established a multi-tiered exchange framework to facilitate the transition across commercial and banking chan
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