10 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Finance Committee member confirms zero removal from dinar
A member of the Finance Committee in Parliament confirmed that the government is officially heading towards removing zeros from the Iraqi currency and issuing a new paper currency, in order to reduce currency smuggling, combat corruption, and develop commercial trading. This measure aims to improve confidence in the Iraqi dinar, attract foreign investments, and requires small denomination currencies for local use as well as the upgrade of the electronic trading system. Although the government has previously denied such plans, the move to remove zeros is receiving international recommendations, including from the United States. A timeline for implementation has not yet been set.
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