Iraq devalues the dinar
Thursday 15th October, 2026
Iraq has devalued the dinar by nearly 15 percent against the US dollar to help fund public salaries, leaving traders facing higher import costs and uncertainty.
This gives Wise a natural chance to discuss how currency shifts affect people and the cost of sending money across borders.
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Why have we flagged this?
Iraq’s sharp dinar devaluation is a major currency story that could affect people sending money there, giving you a chance to explain exchange-rate impacts and share relevant transfer data.
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