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Investors Iraq News
07-12-2015, 08:39 PM
War against IS-militants harming Iraq's currency

Iraq's currency, the dinar, has depreciated over 15 percent since the beginning of this year, increasing the price of commodities in the country. Analysts say the country's currency depreciation is partly caused by the government's war against Islamic State (IS) militants, who have taken control over key areas in Iraq, including the oil-producing city of Kirkuk and the Fallujah dam, which has a direct impact on the country's pillar industries - oil and agriculture.

Source: IraqDirectory.com (http://www.iraqdirectory.com/en/2015/07/12/29892/war-against-ismilitants-harming-iraqs-currency.aspx)

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