Iraqi Dinar Continues to Weaken against US Dollar

Iraq’s currency plummeted to a new low against the US dollar. (AFP)
Iraq’s currency plummeted to a new low against the US dollar. (AFP)
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Iraqi Dinar Continues to Weaken against US Dollar

Iraq’s currency plummeted to a new low against the US dollar. (AFP)
Iraq’s currency plummeted to a new low against the US dollar. (AFP)

Iraq’s currency plummeted to a new low against the US dollar. In the northern Kurdistan region, the rate stood at 1,550 Iraqi dinars to the dollar - the lowest it has traded since 2004, according to experts.

The depreciation in the dinar’s value triggered a wave of severe anxiety in the local markets that have been suffering from recession for weeks. It also spurred fears of the possibility of more decline given the inability of the Central Bank and government authorities to curb the spiral.

Economic analysts traced the decline to both local and foreign reasons. In Iraq, some private banks were excluded from currency auctions set up by the Central Bank. External factors, such as the actions of the US Federal Reserve, have also been commonly blamed for the decline in recent weeks.

About three weeks ago, the Iraqi government pledged to control the exchange rate. The dinar, however, continued to depreciate steadily, drawing political and popular criticism against Prime Minister Mohammad Shia al-Sudani.

The political criticism came from the pro-Iran Shiite Coordination Framework that had brought Sudani to power in October.

Hanan Al-Fatlawi, a Framework MP, stressed that the government needs to explain its policy in fighting the drop in the dinar’s value.

“Panic is gripping the market due to the rapid rise in the exchange rate of the dollar,” tweeted Al-Fatlawi.

“The government is required to reassure the people. It must clarify the measures it is taking to prevent the collapse,” she demanded, noting that the Central Bank governor had yet to comment on the issue.

The parliamentary Services and Construction Committee viewed the drop in the value of the currency as the government’s failure to implement its economic policies.



Hamas Sources: Trump’s Displacement Remarks Inconsistent with US Messages

US President Donald Trump meets with Israeli Prime Minister Benjamin Netanyahu at the White House in Washington on Monday. (Reuters)
US President Donald Trump meets with Israeli Prime Minister Benjamin Netanyahu at the White House in Washington on Monday. (Reuters)
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Hamas Sources: Trump’s Displacement Remarks Inconsistent with US Messages

US President Donald Trump meets with Israeli Prime Minister Benjamin Netanyahu at the White House in Washington on Monday. (Reuters)
US President Donald Trump meets with Israeli Prime Minister Benjamin Netanyahu at the White House in Washington on Monday. (Reuters)

US President Donald Trump’s recent comments about the war in Gaza have sparked cautious optimism for a potential ceasefire, while also raising serious concerns. During his meeting with Israeli Prime Minister Benjamin Netanyahu at the White House on Monday, Trump said he expects the conflict to end “soon,” adding: “I want the war in Gaza to stop.”

However, Trump reignited controversy by referencing a proposal he once floated early in his presidency: relocating the Palestinians from Gaza and placing the enclave under US control.

While Hamas has not issued an official response, sources within the Palestinian group told Asharq Al-Awsat that Trump’s statements are inconsistent with what is being conveyed behind the scenes.

“These remarks don’t align with what’s being shared with Hamas leadership or mediators,” they said.

They pointed to a shift in US policy and noted that recent American positions conveyed through intermediaries show a more measured approach. They also highlighted strong Arab opposition to any forced displacement from Gaza, which they say has contributed to Washington distancing itself from such ideas - regardless of Trump’s public rhetoric.

The meeting between Trump and Netanyahu also touched on the issue of Israeli hostages held in Gaza. Netanyahu said efforts to reach a new agreement were underway, while Trump confirmed that discussions about a new ceasefire are in progress, though he cautioned that securing the hostages’ release could be “a long process.”

Hamas sources confirmed the movement has received a new Egyptian proposal, which has also been shared with Israel, the United States, and other mediators. They linked Trump’s remarks to recent intensified mediation efforts involving Washington.

Trump’s revival of the Gaza relocation idea was interpreted by some observers as a response to questions from Israeli journalists, rather than a serious policy stance. Hamas sources downplayed the significance of the statement, suggesting it did not reflect current US efforts on the ground.

Meanwhile, Arab foreign ministers recently presented a unified plan in Doha to US envoy Steve Witkoff, centered on Gaza’s reconstruction and governance - without displacing its residents. The plan was reportedly well-received and seen as a foundation for future efforts to resolve the conflict.