Event Monitor
Sign in
Monitor · Currency collapse
Widely Reported

Iraq devalues currency amid regional conflict and oil export disruption

Iraq has devalued its currency by 13 percent against the US dollar, marking its second major devaluation in six years. The measure follows regional conflict and disruption to oil exports linked to the closure of the Strait of Hormuz, with the US dollar reportedly trading up to 168,500 dinars in Baghdad and Erbil. The full extent of the economic impact across domestic markets remains unconfirmed.

Follow this storyGet alerts about Iran–IsraelWe write to you when this story changes – not for everything we publish.
The sources disagree.
Each position is reported as its publisher stated it. We do not reconcile them.
3 differing positions reported on attribution across 8 publishers; unresolved.
  • thenationalnewsIraq
  • rigzoneIraq
  • shafaqlawmaker
  • zerohedgeIraq
  • oilpriceHormuz Disruption
  • iraqoilreportIraq
  • n1infoIrak
  • aljazeeraIraq
2 differing positions reported on location across 7 publishers; unresolved.
  • thenationalnewsHormuz
  • rigzoneHormuz
  • shafaqIraq
  • zerohedgeHormuz
  • oilpriceIraq
  • iraqoilreportIraq
  • aljazeeraIraq
3 differing positions reported on timing across 3 publishers; unresolved.
  • shafaqafter devaluation
  • zerohedgeSecond
  • iraqoilreport2027
WhereIraq
33.892, 44.560 ±400 km
First reported18 days ago
Published2026-10-07 16:48 UTC
Sources8
How this travelled.
Reports33Independent tellings6
6 independently corroborated tellings, 3 reported as carrying other outlets.

Corrections and updates

No published correction or update is recorded. This does not reconstruct changes made before correction records were kept.

Cite this record

Global Event Monitor. Iraq devalues currency amid regional conflict and oil export disruption. 2026-10-07T16:48:10.364Z. Status: published. urn:global-events-monitor:event:4965. https://global.eventmonitor.net/event/2026-10-07/iraqi-traders-close-baghdad-markets-after-dinar-devaluation-1a5fafd2

BibTeX · RIS · CSV · JSON · Corrections and updates · Captured versions

/event/2026-10-07/iraqi-traders-close-baghdad-markets-after-dinar-devaluation-1a5fafd2 Back to the stream

Ask about this event