By John Lee.
Iraq has reportedly devalued its currency by about 20 percent against the dollar.
The previous official rate was 1,182 dinar to the dollar.
Reuters adds that the decision came as a preemptive move to prevent "draining Iraq's foreign reserves" and help government to secure public servants' salaries.
Riot police were reportedly sent to protect the central bank HQ in advance of the annoucement.
(Source: Bloomberg, Reuters, The Arab Weekly)