Hamza al-Rudayni
ON THE RECORD · 4 verbatim quotes · every quote source-verified
“Traders buy goods in dollars but sell them in dinars, as regulations prohibit them from selling in dollars.”
Hamza al-Rudayni · said date not stated · reported 2026-10-15
Al-Rudayni explained that regulations prohibit traders from selling goods in dollars, creating losses when the dinar weakens.
“I don’t know what to do,”
Hamza al-Rudayni · said date not stated · reported 2026-10-15
Trader Hamza al-Rudayni expressed uncertainty after Iraq's dinar devaluation reduced the dollar value of his holdings.
“Market activity has ground to a halt,”
Hamza al-Rudayni · said date not stated · reported 2026-10-15
Al-Rudayni said traders suspended buying and selling amid unpredictable exchange-rate fluctuations.
“All I know is I woke up a few days ago to discover that I had lost 25 million Iraqi dinars (roughly $16,500 at the new exchange rate) because of this decision, while larger merchants lost billions,”
Hamza al-Rudayni · said date not stated · reported 2026-10-15
Al-Rudayni described losing 25 million Iraqi dinars as a result of the government's devaluation decision.