ئابووری و بازاڕەکان
Iraqi Government Devalues Dinar, Fixing New Official Rate at 1,520 IQD Per USD
The Iraqi government has officially devalued the Iraqi dinar against the US dollar, establishing a new official exchange rate of 1,520 dinars per dollar. This critical economic decision comes as part of official efforts to stabilize market fluctuations and manage the national fiscal deficit.
According to economic reports, the devaluation is primarily driven by severe disruptions in Iraqi crude oil exports. Ongoing regional conflicts and the closure of key maritime bottlenecks, notably the Strait of Hormuz, have caused a sharp decline in oil export volumes and government revenues.
In terms of fiscal planning, the government has drafted the 2027 budget proposal, setting the benchmark oil price at $58 per barrel. Meanwhile, Prime Minister Ali Al-Zaidi convened with the Speaker of Parliament to discuss the economic ramifications of currency instability and implement countermeasures [Source](https://www.google.com/search?q=)
The Iraqi government has officially devalued the Iraqi dinar against the US dollar, establishing a new official exchange rate of 1,520 dinars per dollar. This critical economic decision comes as part of official efforts to stabilize market fluctuations and manage the national fiscal deficit.
According to economic reports, the devaluation is primarily driven by severe disruptions in Iraqi crude oil exports. Ongoing regional conflicts and the closure of key maritime bottlenecks, notably the Strait of Hormuz, have caused a sharp decline in oil export volumes and government revenues.
In terms of fiscal planning, the government has drafted the 2027 budget proposal, setting the benchmark oil price at $58 per barrel. Meanwhile, Prime Minister Ali Al-Zaidi convened with the Speaker of Parliament to discuss the economic ramifications of currency instability and implement countermeasures [Source](https://www.google.com/search?q=)