Iraq Horizons
Iraqi Voices
The Politics of Dinar Devaluation and Iraq’s Debt Burden
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The Politics of Dinar Devaluation and Iraq’s Debt Burden

This week’s episode of Iraqi Voices examines the Zaidi government’s controversial decision to devalue the Iraqi dinar from 1,300 to 1,500 per US dollar, amid mounting fiscal pressures and an inherited debt burden of 208 trillion IQD.

The team discusses who bears responsibility for the crisis, why the public was caught off guard, and what the leaked 2027 federal budget reveals about the government’s spending plans and optimistic oil revenue forecasts.

The episode also explores the political negotiations over the remaining cabinet vacancies, with parliament potentially set to vote on new ministers this week.

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