Iraq has officially devalued its currency from 1,300 dinars to 1,500 dinars to the US dollar. The Central Bank announced this decision following a Cabinet meeting, which aimed to address financial, economic, and monetary needs. There has been a noticeable gap between the official and market rates, which widened due to regional conflicts. The market rate increased significantly after the announcement, reflecting ongoing economic challenges.
Foreign investors pull out $26.3 billion from emerging markets in September as hawkish Fed pushes US Treasury yields higher
Foreign investors pulled $26.3 billion from emerging-market stocks and bonds in September due to rising US yields. The hawkish Federal Reserve’s interest rate hike influenced
October 7, 2026