---
title: "Iraq Gate in EnterpriseAM: What the Dinar Reset Means for Contractors"
description: "EnterpriseAM MENA+ asked what Iraq's move to 1,500 dinars per dollar means for companies working in the country. Our answer: it is a contract question."
url: https://iraqgatelegalconsulting.com/enterpriseam-dinar-reset-contractors/
date: 2026-10-20
modified: 2026-10-20
author: "Mohammed Khalaf"
image: https://iraqgatelegalconsulting.com/wp-content/uploads/2026/08/IraqGate_FullLockup_1600.png
categories: ["Insights"]
type: post
lang: en
---

# Iraq Gate in EnterpriseAM: What the Dinar Reset Means for Contractors

EnterpriseAM’s MENA+ edition asked what Iraq’s move to 1,500 dinars per dollar means for companies working in the country. Our answer: it is a contract question.

A dinar receivable from a ministry or state company is now worth about 13% less in dollars, and that loss stays with the contractor unless the contract carries a currency, price adjustment or change-in-law clause. Nothing has yet been published on how existing government contracts will be treated.

[Read the full piece on EnterpriseAM](https://enterpriseam.com/menaplus/2026/10/09/iraq-devalues-to-fund-its-budget-as-a-record-of-resets-limits-what-it-achieves/)