💥 March 2012 Flashback: Iraq’s Zero Removal & Gold Boost 💰✨
Back in 2012, the Iraqi Central Bank (CBI) was gearing up to remove zeros from the dinar — but only with government approval and a parliamentary referendum ✅🏛️.
Here’s the scoop:
🔢 Zero removal = technical step to simplify money, not an instant value change. Real rate adjustment expected later.
🪙 Gold reserves doubled from 90 to 170 tons as a safety net to back the currency and fight inflation 📈🛡️.
🤔 Citizens were holding onto old notes, waiting for the new rate — the CBI needed incentives (likely a rate bump) to bring cash back into banks 💵➡️🏦.
📉 Inflation was key — the CBI planned careful monitoring before adjusting foreign exchange rates.
🏦 Banking reforms included a new National Bank to protect incoming funds, while weaker banks faced closure or consolidation 🔄.
🔄 All signs pointed to a major currency & economic reset, a long-term plan inching closer to reality.
This 2012 blueprint mirrors the moves we’re seeing now in 2025 — proving the groundwork has been laid for years! ⏳🚀
🚨 Liquidity Alert: August Salary Delays & The Zero Removal Puzzle 🏦💸
Recent news reveals a critical liquidity crunch in Baghdad impacting August salary payments to Kurdistan Region employees ⏳💰. Peshwa Hawrami of the KRG says the problem “will be resolved soon” — but how? 🤔
Here’s the connection:
The federal Ministry of Finance is low on cash — could this be why the Central Bank of Iraq is pushing to retrieve hoarded notes through the Zero Removal project? 🏦🔢
A new National Bank opening before year-end is ready to handle the incoming liquidity 💳🏦.
These pieces suggest the long-awaited zero removal and currency reform may finally be moving forward 🚀.
Are you seeing the big picture? The clock is ticking, and the financial gears are turning! ⏰✨
Let’s keep praying for Iraq’s prosperity and bright future 🙏🇮🇶.
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