ASSESSMENTS
Iraq's Currency Devaluation Will Prove a Double-edged Sword
![undefined and Senior Middle East and North Africa Analyst at RANE](https://www.stratfor.com/sites/default/files/profiles/photos/2016-05-18.jpg)
Dec 24, 2020 | 10:00 GMT
![An employee of a currency exchange counter shows a stack of local currency bank notes in the southern Iraqi city of Nasiriyah in Dhi Qar province on Dec. 20, 2020.](https://worldview.stratfor.com/sites/default/files/styles/2x1_full/public/Iraq%20Currency%20display%20GettyImages-1230234373%20%281%29.jpg?itok=PZUtmz_8)
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)
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