Iraq Devalues Dinar 14.5% on Hormuz Oil Export Disruptions
Iraq devalued the dinar by 14.5% to 1,520 per dollar after months of disruption to oil exports through the Strait of Hormuz reduced government revenue. The cabinet adopted the new exchange-rate structure on Tuesday.
Original · OilPrice.com AI summary of public reporting
Why: Hormuz oil export disruptions cut Iraq revenue
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At publication → CurrentBRENTOIL100.95 → 102.22+1.3%
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