Iraq
Iraq devalues dinar
Iraq's central bank devalued the dinar against the dollar on Wednesday, the first time in more than three years, as the economic fallout from the Middle East war deepens.
A coalition led by Iraqi Prime Minister Mohammed Shia al-Sudani came first in Iraq's parliamentary election, two electoral commission officials with knowledge of the results told Reuters on Wednesday.
People drive in a car with election posters featuring current Prime Minister Mohammed Shia' al-Sudani, as supporters of the Reconstruction and Development Coalition celebrate after preliminary election results were announced in Baghdad, Iraq, November 12, 2025. Reuters/Ahmed Saad
A coalition led by Iraqi Prime Minister Mohammed Shia al-Sudani came first in Iraq's parliamentary election, two electoral commission officials with knowledge of the results told Reuters on Wednesday.
Sudani was seeking a second term in Tuesday's election but many disillusioned young voters saw the vote simply as a vehicle for established parties to divide up Iraq's oil wealth.
However Sudani tried to cast himself as the leader who could finally make Iraq a success after years of instability, arguing he had moved against established parties that brought him to power.
No party is able to form a government on its own in Iraq’s 329-member legislature, and so parties have to build alliances with other groups to become an administration, a fraught process that often takes many months.
The final total turnout in Iraq's parliamentary election reached 56.11%, the electoral commission said earlier on Wednesday.
Reporting by Ahmed Rasheed and Muayad Hameed
Iraq's central bank devalued the dinar against the dollar on Wednesday, the first time in more than three years, as the economic fallout from the Middle East war deepens.
US forces ended their mission in Iraq on Wednesday after more than two decades of war there, raising fears of a security vacuum that would embolden Iranian-backed Shi'ite militias and allow Islamic State to regroup.
US forces are set to withdraw on Wednesday from their last bases in Iraq, a departure celebrated as a victory by Iran and its allies, which have deep influence in the country where 4,500 Americans died during more than two decades of war.
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