Iraq devalues dinar to ease cash crunch, leaving traders in limbo
The government hopes a weaker dinar will help pay salaries, but traders face rising import costs and uncertainty.
Al Jazeera English reports that the government hopes a weaker dinar will help pay salaries, but traders face rising import costs and uncertainty.
This business story centres on Iraq.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- Iraq · Middle East
- Reported by
- Al Jazeera English
- First reported
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at Al Jazeera EnglishSpotted an error? Request a correction · How this summary was produced
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