Iraq "to Slash Three Zeros from Currency, Introduce New Notes"

From The New Region. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Iraq to Slash Three Zeros from Currency, Introduce New Notes

Iraq is set to remove three zeros from its currency in a bid to rebrand the dinar and support digitizing transactions to combat cash outside the system used for crime and corruption, a lawmaker said Monday.

Jamal Kocher, a Kurdish member of the Iraqi parliament's finance committee, told The New Region that Prime Minister Ali al-Zaidi "has requested removing zeros from the bills. If this happens, it means that 1,000 dinars will become one dinar, 25,000 dinars will be 25 dinars."

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