Iraqi dinar drops further: 100 USD exceeded 174,000

The value of the dinar against the dollar continues to fall and set a new record, the exchange rate of 100 USD rose to 174,000 dinars in Iraq.

That is the first time in the history of Iraq to reach that level, according to the statistics.

Iraqi Prime Minister Mohammed Shia Sudani @mohamedshia has sacked Central Bank Governor Mustafa Ghalib Mukhif and appointed Ali Mohsen Alaq to run the bank.

After the change of governor of the Central Bank, the dinar rose against the dollar, reaching 158,000 dinars for 100 US dollars, but then fell again.

In the past two years, the price of 100 US dollars was between 148,000 to 149,000 dinars, but on 11-12-2022 the price of 100 US dollars exceeded 150,000 Iraqi dinars and since has been falling.