Iraq's Currency Devaluation Will Prove a Double-edged Sword

MIN READDec 24, 2020 | 10:00 GMT

An employee of a currency exchange counter shows a stack of dinars in the southern Iraqi city of Nasiriyah in Dhi Qar province on Dec. 20, 2020.

(ASAAD NIAZI/AFP via Getty Images)

Devaluing its currency will help Iraq slow the drawdown of foreign currency reserves but will increase the cost of living, weakening already fraught public support for Iraqi government efforts to implement other longer term reforms in 2021....

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