Iraqi dinar continues to devalue against US dollar ...Kuwait

Tens of Iraqis demonstrated outside the Central Bank of Iraq (ICB) in Baghdad early Wednesday to protest against the ongoing devaluation of the Iraqi dinar in exchange for the US dollar, which has caused prices of goods to soar, triggering public anxiety and a recession in the local market. While the formal rate by the Central Bank of Iraq is 1,470 dinars per US$1, the exchange rate in the black market amounted to around 1,556 Iraqi dinars to US$1 early Thursday. People across the country are placing blame on the bullish US dollar for the inflation and recession in the local markets that are heavily dependent on foreign imports. Economic experts and political observe

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Iraqi dinar continues to devalue against US dollar ...Kuwait

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