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Monday 21/12/2020 A man holds money at a foreign currency exchange market in Baghdad, Iraq, December 20, 2020. (REUTERS) BAGHDAD – Iraqi political parties affiliated with Iran launched a fierce attack on Sunday against the government of Prime Minister Mustafa al-Kadhimi, following its decision to devaluate the Iraqi dinar against the US dollar in order to overcome one of the most serious crises in the country’s history. The government came to this step after it was unable to pay the salaries of its employees for two consecutive months, being forced to borrow from the Central Bank of Iraq and other internal parties. The government sells oil in US dollars, which it uses to buy Iraqi dinars from the central bank in order to finance salaries and public services. Devaluating the local currency against the dollar means that it will get more Iraqi dinars from the central bank.

Ali allawiNuri al malikiQais khazaliNouri al malikiSarwa abdul wahidMustafa al kadhimiAsaib ahl al haqIslamic dawa partyCouncil of ministersPresidency of parliamentCentral bankDawa partyIraq stock exchangeCommittee of the parliamentPrime minister mustafaIraqi ministry