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Iraq lowers dollar-dinar exchange rate

The Iraqi dinar has been depreciating against the dollar amid restrictions from the US Federal Reserve and other issues.
AHMAD AL-RUBAYE/AFP via Getty Images

The Iraqi government revised the exchange rate for the US dollar to the Iraqi dinar Tuesday. 

The Central Bank of Iraq decided to amend the exchange rate to 1,300 dinars to the dollar, down from the previous rate 1,460 dinars. The decision was approved by Iraq’s Council of Ministers, Iraqi Prime Minister Mohammed Shia al-Sudani’s office said in a statement. 

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