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Iraq Devalues Dinar as War Hits Oil Exports

Original: Iraq Central Bank Devalues Dinar after Mideast War Hurts Oil Exports

Iraq's central bank has devalued the dinar after the Middle East conflict disrupted the country's oil exports, a key source of government revenue. The move reflects mounting pressure on Iraq's finances as crude sales fall. Asharq al-Awsat reported the decision, which is likely to raise concerns among Iraqis about higher import prices and inflation.

Why now: The devaluation follows wartime disruption to Iraq's oil exports, a major economic and political development.

Central Bank of IraqIraqi dinarIraqAsharq al-Awsat

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• Iraq Central Bank Devalues Dinar after Mideast War Hurts Oil Exports · ASHARQ AL-AWSAT English

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