Tag Archives | re-denomination

Protests in Iraq amid Iraqi Dinar Devaluation

By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Protests in Iraq amid local currency devaluation, Central Bank changes Restrictions from the US Federal Reserve, corruption, and Iraq's lack of an electronic banking system have all led to the dinar's […]

New Iraqi Leader Tilts the Scales Toward U.S.

By Jack Detsch, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 'They Have to Balance': New Iraqi Leader Tilts the Scales Toward U.S. Mohammed al-Sudani's public support of U.S. troops reflects a behind-the-scenes shift - and the continued threat from […]

Is US Policy causing Iraqi Dinar Problems?

By John Lee. According to a report from the Wall Street Journal, Iraqis are blaming the slump in the value of the Iraqi dinar on a recent policy change by the U.S. Treasury Department and the Federal Reserve Bank of New York. It says the NY Fed began enforcing tighter controls on dollar transactions by […]

Iraqi Dinar Slump: Central Bank Boss Replaced

By John Lee. The Governor of the Central Bank of Iraq (CBI) has reportedly been replaced, following the continuing fall in value of the Iraqi Dinar. Sources, including Associated Press, say that Prime Minister Mohammed Shia al-Sudani accepted the resignation of Mustafa Ghaleb Mukheef [Makhaif] (pictured), while others say the Governor was "sacked." It is […]

Al-Sudani takes Measures to address Iraqi Dinar Fluctuation

By John Lee. On Sunday, Prime Minister Muhammad Shia Al-Sudani chaired a meeting with the Federation of Iraqi Chambers of Commerce to discuss the causes of the fluctuations in the Iraqi dinar exchange rate, and their impact on citizens. The meeting aimed to develop decisive solutions to stabilize the exchange rate and limit damage to […]