Hundreds in Baghdad protest devaluation of Iraq’s currency

By QASSIM ABDUL-ZAHRA
Associated Press

BAGHDAD (AP) — Hundreds of protesters have gathered near the Central Bank in the Iraqi capital, Baghdad, angered by the recent devaluation of the Iraqi dinar and demanding the government take action to stabilize the currency. The protesters — mainly young people — rallied amid a heavy security presence, with many carrying the Iraqi flag and banners with slogans. One slogan read: “The politicians are the ones covering up the financial corruption for the banks.” Iraq’s prime minister on Monday accepted the resignation of the country’s Central Bank governor, Mustafa Ghaleb Mukheef, after a weekslong plunge of the dinar. Mukheef, who had been in the post since 2020, was replaced by Muhsen al-Allaq as an acting governor.