Thursday, October 8, 2026English edition
EN FRTry Talia free
TheBinational

Country risk, from the local press

Iraq · Country watch

Iraqi Dinar Devaluation, Fibre Deal Expands Connectivity

Iraq's dinar devalues by 15%, impacting trade and investment; new fibre deal boosts Iraq's role as a data hub.

· · 5 sources

The picture Deteriorating

Business conditions in Iraq are deteriorating due to a 15% dinar devaluation, impacting trade and investment. Currency market volatility adds further strain.

In this briefing Central Bank of Iraq · Iraqi dinar · US dollar · Ooredoo Group · iQ Networks

Regulation

  • finance
  • manufacturing
  • retail

CBI Confirms 15% Devaluation of Iraqi Dinar

a portrait of a man on a five dollar bill
Rob / Unsplash

The Central Bank of Iraq (CBI) has confirmed an approximately 15-percent devaluation of the Iraqi dinar. The new rate aims to support domestic industry, enhance the competitiveness of Iraqi goods against imports, and attract investment to non-oil productive sectors, according to Iraq Business News. This move follows months of pressure on the currency, with the US dollar reaching over 157,000 dinars per $100 on the parallel market.

Impact Importers and retailers face increased costs due to the dinar's devaluation, affecting pricing and margins.

Sources: Iraq Business News ↗

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

Nothing significant reported today.

Markets

  • finance

US Dollar Surges Past 180,000 IQD in Market Disruption

Parallel currency exchanges across Iraq experienced severe disruption on October 7, 2026, as the US dollar surged past 180,000 IQD. The disruption follows the federal government's abrupt modification of the official exchange rate, reports Iraqi News. This has led to sharp price swings, impacting traders and businesses reliant on currency stability.

Impact Currency traders and businesses reliant on stable exchange rates face volatility and potential losses.

Sources: Iraqi News ↗

Trade

  • telecom
  • technology

Ooredoo and iQ Networks Sign Fibre Deal in Iraq

Ooredoo Group's OFN and Iraq's iQ Networks have signed an agreement to build a high-capacity fibre connection across Iraq, reports Iraqi News. This deal aims to enable terrestrial transit connectivity towards Türkiye and Europe, enhancing Iraq's role as a data hub. The agreement supports the overland component of a planned integrated connectivity system.

Impact Telecom and technology sectors benefit from improved connectivity, enhancing data transit capabilities.

Sources: Iraqi News ↗

Politics

Nothing significant reported today.

Also today in Iraq

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

All Iraq briefings →

The same day elsewhere