AKnews reports that the process of removing three zeros from the Iraqi dinar and replacing current banknotes with new ones will begin in September. The announcement, which will see the Iraqi Central Bank (ICB) re-print 30 trillion dinars ($26 billion), was made despite government fear over the project. Abdul-Hussein Abtan, a member of the economic […]
According to media reports, Iraq's Central Bank said on Tuesday that the decision to remove the three zeros from the Iraqi currency would require consultation with the next government. Quoting a consultant refered to as Mohammed Saleh, the report says that deleting three zeros from the currency would negatively affect Iraqi citizens, but would facilitate […]
Various websites are quoting the Governor of Iraq's Central Bank, Mohammed Salih, as saying the he wants to delete three zeros from the Iraqi currency after the formation of the new Iraqi government. In a reported interview with “Alsumaria News”, he said the amount of Iraqi dinars in circulation has increased from 25 billion in […]
There has been much speculation in recent months that the Iraqi dinar would be re-based, knocking off the last three zeros. The lastest news is that Iraq will not in fact remove the zeros from its currency, because it will not resolve inflation and will create opportunities for corruption, reports AKnews, citing a senior source […]
The assistant of the Central Bank Governor, Ahmad Sultan Al Jamili, said that re-basing the Iraqi dinar is a complicated process. He said that process of dropping three zeros from the currency will take long time.
Iraqi banking expert, Abdul Aziz Hasoon, said in phone call with the Independent that the process of removing three zeros from the Iraqi dinar will be positive for the Iraqi economy. He added that there were many countries that took the same step, including Turkey which removed six zeros from it is currency. Hasoon clarified […]
Iraq plans to knock three zeros off the nominal value of bank notes to facilitate currency transactions, a central bank official said on Thursday. Iraq is trying to revamp its economy and boost oil production after the effects of the war with crude deals that may vault it to one of the world's top oil […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of July: Iraq's Central Bank Tightens Foreign Currency Rules Iraqi PM in Washington: What His Trip Actually Means for the Dinar U.S. "Resumes Dollar Transfers to Iraq" You Bought Iraqi Dinars. Now What? CBI to Launch New Initiatives for […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of June: Iraqi Central Bank Rejects Rumours of New Dinar Rate You Bought Iraqi Dinars. Now What? "Deleting the Zeros": What Iraq Actually Said, and What It Means for Your Investment 2026: The Year Iraqi Dinar Speculators Finally Strike […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of May: CBI Boss says No Plan to Revalue Iraqi Dinar What a New Iraqi PM means for Your Dinars You Bought Iraqi Dinars. Now What? Iraq Banking Sector Reform: Second Phase Under Way "Deleting the Zeros": What Iraq […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of April: "Deleting the Zeros": What Iraq Actually Said, and What It Means for Your Investment You Bought Iraqi Dinars. Now What? What a New Iraqi PM means for Your Dinars Donald Trump and the "Great Iraqi Dinar Revaluation" […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Has a New Prime Minister. Here's What It Means for Your Dinars (Spoiler: Not What the Forums Are Saying) After five months of political deadlock, Iraq finally has a prime minister-designate. Ali […]
