Al-Mustaqbal University Organizes a Scientific Workshop on the Devaluation of the Iraqi Dinar and Its Economic and Social Implications

21/10/2026   Share :        
321  

Under the patronage of the President of Al-Mustaqbal University, Professor Dr. Hassan Shaker Majdi, and under the supervision of the Dean of the College of Administrative Sciences, Professor Dr. Haider Ali Al-Dulaimi, the College of Administrative Sciences organized a specialized scientific workshop on Tuesday, 20 October 2026, entitled “The Devaluation of the Iraqi Dinar: Between Economic Gains and Social Costs.” The workshop brought together distinguished academics and experts specializing in economics, finance, and monetary policy. The workshop was attended by a number of professors and researchers from various Iraqi universities, alongside community figures from Babil Governorate. Discussions focused on the implications of exchange rate policies for the national economy and citizens’ living standards, fostering academic dialogue and the exchange of perspectives on current economic issues. The workshop featured three main themes. The first addressed the social costs of devaluing the Iraqi dinar and was presented by Professor Dr. Nabil Al-Marsoumi, an economic expert at Al-Ma’aqal University. His presentation examined the effects of changes in the currency’s value on purchasing power and living standards, as well as the potential financial burdens on different segments of society. The second theme, presented by Professor Dr. Abdul Rahman Al-Mashhadani, Head of the Digital Economics Department at the Iraqi University, explored potential economic gains and the implications of exchange rate adjustments for monetary and fiscal policy, taking into account the characteristics of the Iraqi economy and the challenges it faces. The third theme focused on international monetary developments and their impact on the domestic economy. It was presented by Professor Dr. Kamel Allawi, Professor of Monetary and Fiscal Policies at the University of Kufa, who discussed the influence of decisions made by the US Federal Reserve, movements in the US dollar, and global monetary policies on domestic financial stability. The workshop’s recommendations emphasized the importance of basing exchange rate decisions on comprehensive scientific studies and specialized economic analyses. They also highlighted the need to balance economic objectives with social considerations and account for the Iraqi economy’s significant dependence on oil revenues, in order to support economic stability and mitigate potential adverse effects on the most vulnerable groups. The organization of this workshop reflects Al-Mustaqbal University’s and the College of Administrative Sciences’ commitment to addressing national priority issues, providing an academic platform for dialogue and knowledge exchange, enriching economic understanding, and presenting evidence-based perspectives that contribute to understanding current challenges and supporting sustainable development. Al-Mustaqbal University – The No. 1 University in Iraq