Iraqi Finance News Today : Breaking News, Live Updates & Top Stories | Vimarsana

December 21, 2020 at 1:39 pm | Published in: Iraq, Middle East, News An Iraqi counts his dinar banknotes on 22 June 2017 [Ali Choukeir/AFP/Getty Images] December 21, 2020 at 1:39 pm Iraq has seen the biggest devaluation of its currency since the 2003 US led invasion with the Central Bank announcing on Saturday that it was devaluing the dinar by 22 per cent. The desperate measure, undertaken in response to a severe liquidity crisis brought on by low oil prices, has sparked public outrage. According to the AP, riot police were dispatched outside the central bank headquarters in central Baghdad prior to the announcement in the event news of the devaluation sparked protests. A leaked draft of the state budget law for 2021 caused furore on the Iraqi street last week as it confirmed plans to devalue the dinar.

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