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Can Iraqi dinars be revalued?

A man counts Iraqi dinars on a money counting machine at a currency exchange shop in Baghdad, Iraq, January 23, 2023. REUTERS/Ahmed Saad Purchase Licensing Rights CAIRO, Feb 7 (Reuters) - Iraq's cabinet approved a currency revaluation on Tuesday and set the exchange rate at 1,300 dinars per U.S. dollar, the state news agency reported.

How to calculate the dinar revaluation?

To calculate the dinar revaluation, you can use an online calculator or your own calculator and input the currency rate of the dinars as expressed in U.S. dollars after the revaluation rate is set. When the central bank sets the official exchange rate, you will be able to perform the calculation.

What is Iraqi dinar revaluation plan?

The previous rate was at 1,460 Iraqi dinar to the dollar. The revaluation plan was submitted by the Central Bank of Iraq on Monday as the Iraqi dinar has lost more than 10 per cent of its value in recent months amid pressure from the US to stop the flow of dollars to countries under US sanctions, mainly Iran.

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