Iraq Devalues Dinar as Citizens Bear the Cost of Fiscal Strain

Iraqis woke on Wednesday to a sharp loss in their currency’s value after authorities devalued the dinar to 1,520 per dollar from 1,320, triggering widespread anger and forcing markets and shops in several provinces to close. The dollar, meanwhile, climbed to around 1,900 dinars on the parallel market. The devaluation hit households already under financial strain, quickly driving up prices for food