A source reveals to Al-Mustaqilla: The government is moving towards removing three zeros from the Iraqi dinar and issuing a new currency.

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Clare:  A  source reveals to Al-Mustaqilla: The government is moving towards removing three zeros from the Iraqi dinar and issuing a new currency.

June 21, 2026  3:44 pm

Al-Mustaqilla - A source told Al-Mustaqilla that the Iraqi government, headed by Ali al-Zaidi, is moving towards studying and implementing a major economic project related to removing three zeros from the Iraqi currency, as part of a package of monetary reforms aimed at restructuring the financial system and facilitating daily transactions.

According to the source, the project also includes a move towards gradually issuing a new Iraqi currency, while maintaining the real value of the dinar without any change in purchasing power, if the plan is officially implemented by the Central Bank of Iraq.

Is it a reformist step or a cosmetic change?

This proposal comes at a time when the Iraqi economy is facing multiple challenges, most notably:

Continued heavy reliance on oil revenues

Exchange rate fluctuations against the dollar

Inflation of the money supply and expansion of the circulating money supply

Weak confidence in the banking system

Experts believe that the “removing zeros” project is usually classified as currency redomination but rather aims to simplify the numbers and facilitate daily financial transactions.

International experiences and local concerns

The experiences of other countries indicate that such steps may technically succeed in simplifying the monetary system, but they require economic stability and high confidence in the banking sector to ensure that there is no market disruption.

Conversely, experts warn that any ill-conceived application could lead to:

Price confusion during the transition period

Citizens fear a loss of value

Difficulties in temporarily controlling the money market

Iraq's economy: between reform and pressures

This debate comes at a time when Iraq is trying to balance financial reforms with the pressure of economic challenges, making the currency issue one of the most sensitive issues in the next stage, especially if the transition to a new currency actually takes place.

Between supporters who consider the move a “necessary update” and opponents who see it as “more cosmetic than a radical reform,” the final decision remains linked to the readiness of financial institutions and their ability to manage the transition without economic shocks.

Is this the beginning of an actual change in the form of the Iraqi dinar? Or just a new debate within monetary policy circles?

****GOOGLE TRANSLATION OF THE BOTTOM PICTURE WITH THE 25 NOTE IN IT:  

A private source. God is great. Ali al-Zaidi's government is moving towards implementing a project to remove three zeros from the Iraqi currency, with a plan to issue a new Iraqi currency in the coming period. 25,000 Saturday Al-Alwan Stan 25,000

Pure bitterness Financial 25,000 To the colors of the garden 25,000 Five and you feel five and eyelids 25,000 23,000 25

The Central Bank of Iraq 25 Twenty-five dinars 25 Is it time to restructure the Iraqi dinar?

Strengthening confidence in the national economy and attracting investments Facilitating local and international payment and transfer  operations Raising the purchasing power of citizens and reducing inflation Facilitating accounting, financial, and commercial transactions Strengthening the value of the dinar and improving monetary stability and a step towards a stronger economy... and a dinar that reflects the value of Iraq and its future   LINK