Baghdad (IraqiNews.com) \u2013 The Central Bank of Iraq (CBI) officially denied reports that it has issued new banknotes with three zeros deleted.<\/p>\n
The CBI said in a statement that allegations of producing new currency denominations are unfounded and have no official source.<\/p>\n
Any future plans to redenominate the currency or eliminate zeros must go through extensive legal, regulatory, and technical processes, according to the statement.<\/p>\n
The CBI urged citizens and media outlets to rely solely on official channels to avoid public misunderstanding and market speculation.<\/p>\n
Lawmakers and government officials have lately discussed ideas to remove three zeros from the Iraqi dinar to return stockpiled currency to the legitimate banking system and combat corruption.<\/p>\n
According to Jamal Kocher, a Kurdish member of the Iraqi parliament\u2019s finance committee, Prime Minister Ali al-Zaidi has asked for the removal of zeros from invoices.<\/p>\n
Kocher told The New Region that if the plan is implemented, 1,000 Iraqi dinars would be converted to one dinar, while 25,000 dinars would be equivalent to 25 dinars.<\/p>\n
Earlier in August, Communications Minister Mustafa Sanad acknowledged the plan to eliminate the zeros and modify the currency.<\/p>\n
Despite public discussion and declarations, the CBI has yet to publish a clear timeframe or complete a plan for any currency reform.<\/p>\n","protected":false},"excerpt":{"rendered":"Baghdad (IraqiNews.com) \u2013 The Central Bank of Iraq (CBI) officially denied reports that it has issued new banknotes…\n","protected":false},"author":2,"featured_media":218347,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[14],"tags":[72357,3434,27927,72981,7833,7088,72982,94,14315],"class_list":["post-265984","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iraq","tag-banking-system","tag-cbi","tag-central-bank-of-iraq","tag-combat-corruption","tag-corruption","tag-currency","tag-currency-denominations","tag-iraq","tag-iraqi-dinar"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/117163394548484999","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/265984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=265984"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/265984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/218347"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=265984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=265984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=265984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}