Iraq devalues currency by 15 percent as Hormuz crisis disrupts oil exports

Al Jazeera English1 hour ago2:00

Iraq has devalued its currency by around 15%, the biggest adjustment since 2020. The change is the Iraqi government’s response to disrupted oil exports through the Strait of Hormuz the country’s dependence on food imports means essential items like rice and flour are expected to become more expensive. Al Jazeera’s Peter Smith reports from Baghdad, Iraq. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://X.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.news/AJEMobile #Iraq #IraqiDinar #Hormuz #StraitOfHormuz #OilExports #IraqEconomy #FoodPrices #Baghdad #MiddleEast #OilPrices #CurrencyDevaluation #CostOfLiving #IranWar #AlJazeeraEnglish

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