Iraq officially devalues the dinar to 1,500 per USD
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Baghdad (IraqiNews.com) – The Iraqi Ministry of Finance officially enacted a structural adjustment to the national currency on Wednesday, October 7, 2026, resetting the official baseline exchange rate to 1,500 Iraqi dinars per U.S. dollar, while abruptly halting the advance collection of customs tariffs and tax deposits on foreign imports.
The dual decision marks an immediate fiscal and monetary overhaul aimed at realigning official exchange metrics with market realities and easing oper
The dual decision marks an immediate fiscal and monetary overhaul aimed at realigning official exchange metrics with market realities and easing oper
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