Iraq devalues dinar to 1,520 per US dollar, state news agency says ↧ ↧ Iraq devalues dinar to 1,520 per US dollar, state news agency says Iraq's cabinet approved a new exchange-rate structure for the dinar, setting a ​rate of 1,520 dinars per US dollar, roughly 14.5% below the ‌previous official rate, according to a Council of Ministers decision and a Finance Ministry statement.