Protests in Iraq amid local currency devaluation, Central Bank changes
Restrictions from the US Federal Reserve, corruption, and Iraq’s lack of an electronic banking system have all led to the dinar’s recent fall in value against the dollar.
Iraqis protested in Baghdad on Wednesday against the drop in dinar’s value. The currency has lost 7% of its value since November.
The protesters marched through the Baghdad, and outside the Central Bank waving Iraqi flags. One sign read, “The politicians are immersed in financial corruption,” according to posts on Iraqi social media.
