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Iraq's economy is critically dependent on oil exports. The regional conflict has led to supply disruptions and a drop in production.
The Iraqi Cabinet of Ministers approved a new exchange rate for the national currency, sharply devaluing it. According to Reuters, the rate, which will now be 1,520 dinars per dollar, decreased by 14.5 percent, and according to Bloomberg - by 13 percent.
Like the entire national economy, the dinar has suffered due to interruptions in oil exports due to the Iranian conflict, the impact of which, according to the IMF, will lead to a 7 percent drop in Iraq's GDP over the year.
The country's economy is one of the most dependent on the oil sector in the world. After the start of attacks on Iran by Israel and the United States, when leading Middle Eastern oil producers cut production by 20-25 percent due to problems with the export of products, the decline in Iraq was estimated at 2.9 million barrels per day.

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