When was iraqi dinar devalued

Many fear a weakened dinar, as well as plans proposed in the budget to cut salaries and impose taxes, will amount to pay cuts. A Cabinet session to vote on the law was postponed to Sunday. Prime Minister Mustafa al-Kadhimi called for early elections to take place one year earlier than scheduled on June , in line with demands of anti-government protesters.

Sections U. Science Technology Business U. At least it's nearly over, eh? If you need guidance on remunerating international staff in Iraq or anywhere else, please do get in touch.

Please enter a username User name:. Forgotten password. The devaluation came as the Iraqi government faces a financial crisis brought by low oil prices as a result of the coronavirus pandemic.

The Iraqi move to devaluate the currency has sparked public outrage as the devaluation would worsen economic woes for the Iraqi civilians. Dollar will be sold to the public at 1, dinars, the central bank said. Previously, the dollar was sold for 1, Iraqi dinars. Premium Digital access, plus: Convenient access for groups of users Integration with third party platforms and CRM systems Usage based pricing and volume discounts for multiple users Subscription management tools and usage reporting SAML-based single sign-on SSO Dedicated account and customer success teams.

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