🇮🇶 DELETE THE ZEROS PROJECT — WHAT THE CBI CONTACT SAYS 💵🔥
According to information provided by a contact within the Central Bank of Iraq (CBI), the project to remove the three zeros is reportedly far beyond the initial review stage. 👀
📌 A committee was established months ago to study the feasibility of the project, monitor the factors involved, and work toward determining a potential start date.
This means the project has reportedly been under development for months — it is not something that just started. ⏳
🏛️ PARLIAMENTARY COORDINATION
The CBI contact also stated that coordination with the Iraqi Parliament is necessary regarding the legislation required to move forward.
📄 A draft law has reportedly already been submitted to Parliament for review and approval.
🔎 IMPORTANT DISTINCTION: NEW DENOMINATIONS vs. DELETE THE ZEROS
The CBI contact clarified that these are two different processes:
💴 Issuing a new 100-dinar note or bringing back the 50-dinar note would be a separate matter.
🔄 Removing the zeros would involve a redenomination — for example:
25,000 dinars ➡️ 25 dinars
The lower denominations specifically associated with the redenomination would be part of the Delete the Zeros project.
📌 According to the CBI contact, certain new or previously used denominations could be issued without the same legislation required for the actual redenomination.
🚨 WHERE DOES THE PROJECT STAND?
The contact indicated that the committee responsible for the project has already been established and has been working for a couple of months.
That suggests the project has moved beyond simply being discussed or considered and into a more advanced preparation stage. 📈
📅 The remaining work includes completing the necessary details before establishing and announcing a firm start date.
🔥 BOTTOM LINE
According to the CBI contact:
✅ The Delete the Zeros project remains active.
✅ A committee has been working on it for months.
✅ The project has reportedly progressed beyond the initial consideration stage.
✅ Parliamentary legislation is part of the process.
✅ Work is reportedly moving toward determining a start date.
🇮🇶💵 The project is not being described as an idea for the future — according to the CBI contact, the work is already underway.
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