Iraq's central bank cut the official exchange rate from 1,300 to 1,500 dinars per dollar, a move aimed at shoring up state finances as war disrupts oil shipments through the Strait of Hormuz. Traders and consumers fear rising import costs.
Iraq Devalues Dinar as Iran War Chokes Oil Exports
Iraq's central bank cut the official exchange rate from 1,300 to 1,500 dinars per dollar, a move aimed at shoring up state finances as war disrupts oil shipments through the Strait of Hormuz. Traders and consumers fear rising import costs.
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