Article: “The decision to reduce the dinar: To treat treatment or to stop the collapse” The choice was to devalue the dinar. Quote: “The Central Bank of Iraq statement regarding the reduction indicates it must be emphasized here that this change in value of the Iraqi dinar will be a one-time event only and will not be repeated.” They have devalued the dinar. It’s only going to be done once. And will not be repeated. That’s a good thing. It means it can only go up from here.