Iraq’s decision to devalue the dinar has triggered a growing dispute over the country’s finances, with lawmakers pushing the government to reverse the change before the 2027 federal budget reaches Parliament.
Lawmakers are urging Prime Minister Ali Al-Zaidi to reconsider the exchange rate as the government prepares to submit the draft budget by October 15. Dinar Devaluation
The dispute centers on concerns that the weaker dinar is increasing pressure on household budgets, raising the cost of imported goods and reducing people’s purchasing power.
The exchange rate has also become a key issue in discussions over the 2027 budget, with some lawmakers warning that they may oppose its passage unless the government takes steps to address the currency issue.
