Currency volatility reflects Iraq economic woes
A brief but dramatic drop in the value of the Iraqi dinar is another worrying sign of the fragility of the country's economy.
Money changers count wads of Iraqi dinars in Baghdad on Oct. 1, 2012. (SAAD SHALASH/Reuters)
The value of Iraq's currency is falling – a new symptom of the ongoing financial crisis that the government is struggling to contain.
Prime Minister Haider al-Abadi on Thursday called a meeting of his economic crisis team in the Cabinet to emphasize the importance of protecting the value of the Iraqi dinar.
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