Iraq: Latest news in Iraq, October 7th, 2026
07-10-2026
Economic & Financial Developments
Dinar Devaluation: The Central Bank of Iraq, following cabinet approval, officially devalued the Iraqi dinar against the US dollar. The new official selling rate to the public has been set at 1,520 dinars per dollar (up from the previous rate of 1,320 dinars). The move comes in response to severe pressure on foreign reserves and public revenues resulting from broader regional shipping and oil disruptions.
Bangladesh Sangbad Sangstha (BSS)+ 2
Security & Post-Withdrawal Dynamics
Post-Coalition Security Landscape: Iraqi security forces continue operating under their newly assumed full defensive responsibilities following the complete withdrawal of US and coalition military personnel from remaining facilities, including the Erbil airbase.
AP NewsMilitia & Counter-Terrorism Scrutiny: Discussions in Baghdad remain focused on internal sovereignty, militia integration and disarmament disputes, and securing borders against potential Islamic State sleeper cell movement across regional perimeters.
AP News