Globalan hour ago

IRAQ DEVALUES CURRENCY AS HORMUZ DISRUPTION HITS OIL EXPORTS

Iraq has devalued its currency by around 13%, raising the public dollar-selling rate to 1,520 dinars from roughly 1,320. The move comes as disruptions in the Strait of Hormuz sharply reduce Iraq’s oil exports and put pressure on government revenues. Iraq’s crude exports have averaged about 1.25 million barrels a day since March, far below the nearly 3.5 million barrels a day recorded last year. With losses estimated at around $80 billion and the economy projected to contract sharply, Baghdad faces growing pressure to protect public-sector spending while supporting the dinar.

AI Take

Neutral

호르무즈 해협 차질에 따른 이라크 원유 수출 감소는 국제 원유 공급과 유가에 영향을 줄 수 있습니다. 이라크의 통화 평가절하는 현지 경제와 재정 여건에 부담을 더합니다.

#이라크#호르무즈#원유 수출

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Sources (2)

X@firstsquawk16:36
TelegramMarket Feed16:37

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