Was Iraqi Dinar Devaluation inevitable?

Iraqi Dinar currency exchange

Mustafa Al-Saffar (a pseudonym) lost 400 thousand dollars in one day, after the decision of the Central Bank of Iraq and the Ministry of Finance to reduce the value of the local currency against the dollar by about 20 percent, in a decision that many described as sudden and “bad timing.” Al-Saffar, who requested that […]