CHANNEL8
Iraqi government spokesperson Haider al-Aboudi stated that no decision has been made to remove the zeros from the dinar, adding that according to a clarification from the Finance Committee, the currency redenomination process would take three to seven years and would not alter the value of the currency.
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🇮🇶💱⚠️ IRAQ CLARIFIES: “DELETE THE ZEROS” WOULD NOT CHANGE THE DINAR’S VALUE
🗣️ Iraqi government spokesperson Haider al-Aboudi stated that no decision has been made yet to remove the zeros from the dinar.
⏳ According to a clarification from the Finance Committee, if the redenomination moves forward, the process could take 3–7 years.
💵 Most importantly, the statement says the redenomination would not alter the value of the currency.
🔢 This distinction matters:
➡️ Redenomination: changing the denomination/scale by removing zeros.
➡️ Revaluation: changing the official exchange value of the dinar.
🔥 Therefore, “Delete the Zeros” should not automatically be interpreted as confirmation of an IQD revaluation. The potential impact on the exchange rate would depend on separate monetary and exchange-rate decisions.
🔎 Iraq may be discussing monetary reform—but the official clarification emphasizes that removing zeros itself would not increase the dinar’s value.
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