US dollar rises against Iraqi dinar
The value of the dollar rose against the Iraqi dinar following the Iraqi Central Bank's decision to raise the exchange rate by more than 20 points compared to the rate used over the past four years. This led to an unprecedented recession in Iraqi markets and a noticeable increase in prices. The Iraqi government links the devaluation of the dinar to a decline in oil revenues, which further heightened pressure on trade and the purchasing power of the population.
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