Meme investors are hyping the Iraqi dinar, riffing on a decades-old scam, as the currency’s value (very, very modestly) increased against the U.S. dollar. Now, it is ironically being touted as ...

The dinar, worth just a tenth of one U.S. cent, is experiencing additional downward pressure as a result of international economic sanctions imposed on neighboring Iran and Syria.

Libya's dinar began falling last year but slid more quickly during early 2024, a slump the diplomatic source and the banking source attributed to the infusion of new notes in the east.