Iraq’s Currency Crisis Exposes the Economic Cost of Iran’s Endless Wars...

Geopolitics and foreign policy | Oct 23, 2026, 1:15 PM

Iraq devalued its dinar from 1,320 to 1,500 per US dollar on October 7 amid ongoing financial strain. The country remains one of the world’s largest oil producers yet faces difficulty meeting government obligations.

The article links Iraq’s currency crisis to the economic burden of Iran’s regional conflicts and proxy activities.

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