Iraq revalues currency to 1,300 dinars per USD, state news agency says

A man counts Iraqi dinars on a money counting machine at a currency exchange shop in Baghdad
A man counts Iraqi dinars on a money counting machine at a currency exchange shop in Baghdad, Iraq, January 23, 2023. REUTERS/Ahmed Saad

CAIRO, Feb 7 (Reuters) - Iraq's cabinet approved a currency revaluation on Tuesday and set the exchange rate at 1,300 dinars per U.S. dollar, the state news agency reported.

Reporting by Muhammed Al Gebaly; Writing by Mahmoud Mourad; Editing by Frank Jack Daniel

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