💥 “BREAKING: CBI Confirms Zero-Removal Project Still Active! 💸 Iraq’s Dinar Reform Back on Track!” 🇮🇶🔥
🗓️ Central Bank of Iraq Update — October 2025
🏦 Official Statement from CBI Governor Ali Al-Alaq:
During the Duhok Conference on Economic and Financial Problems, Central Bank Governor Al-Alaq reaffirmed that the long-awaited project to remove zeros from the Iraqi dinar is still active and in planning stages.
“The issue of removing zeros from the Iraqi currency is an ongoing project that is being planned, and we may hear developments regarding it in the coming period,” said Al-Alaq.
💰 Budget Pressure & Coordination Efforts:
Al-Alaq explained that Iraq’s three-year budget has “very large expenditures” and a high deficit, but assured that the CBI and the Ministry of Finance are working closely to stabilize the economy.
“There is ongoing coordination… to achieve a high degree of financial stability,” he added.
This coordination is key for the success of the monetary reform — signaling that the CBI’s currency restructuring plan is not only alive but progressing strategically. ⚙️
🔢 Currency Restructuring Ahead:
The governor also revealed that the renewed zero-removal project includes a
complete restructuring of currency denominations, notably confirming the 20,000 dinar note as part of the updated series.
This move could mark the transition phase toward the introduction of lower denominations — a major indicator of value change in the dinar’s future.
📈 What This Means:
The zero-removal project is officially back in motion.
The CBI is preparing for currency reform while ensuring economic stability.
The introduction of new denominations (like the 20K note) may be part of the groundwork before new rate implementation.
This is a significant confirmation that Iraq’s monetary reform remains a real, ongoing effort — not just theory. 🇮🇶💎
⚠️ Disclaimer:
This update is based on official CBI statements and public reports. It is for informational and educational purposes only and does not constitute financial advice.
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