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Iraq currency devaluation and economic crisis 2026
One page that accretes the verified record as the story develops. Every fact keeps its date and its sources.
1 DAYS
28 FACTS
1 EVENTS
1 SOURCES
FIRST ENTRY OCT 08
OCT 08 · Day 1
Iraq devalues its currency amid MP opposition
Iraqi analyst Mohammed al-Saffar said the devaluation gives the government more dinars for each dollar of oil revenue but raises import costs and reduces households' purchasing power.
Hassan al-Asadi is the leader of the al-Nahj National Alliance bloc.
From Wednesday, banks and exchange companies have been selling dollars to the public at 1,520 dinars each, 200 higher than the previous price.