Depreciation of Iraqi Dinar sparks Protests

By John Lee.

Dozens of people have reportedly protested in front of the offices of the Central Bank of Iraq (CBI) in Baghdad following a fall in value of the Iraqi Dinar (IQD) against the US dollar. Over the previous two days, the dollar is said to have risen from 1,470 dinars to 1,570 dinars.

According to Associated Press, bank owners called for "official action" to prop up the dinar.

Last week the US banned 14 Iraqi banks from conducting dollar transactions.

More here.

(Source: Associated Press)

2 Responses to Depreciation of Iraqi Dinar sparks Protests

  1. Azhar 28th July 2023 at 10:53 #

    Poor rate of dinar.love saddam dinar

  2. Mike Jackson 29th July 2023 at 01:02 #

    Keep adding massive amounts of gold to your federal bank. You have the right idea to take the lead value of most world currencies by adding more gold which boosts your purchase momentum quantum X quantum. Your currency will achieve automatic increases while inflation interest and production deflation are kept in a state of deep freeze until some relaxation is required.