The Iraqi government denies that half of the currency supply was damaged by a “rat.”
The Iraqi government denies that half of the currency supply was damaged by a “rat.”
9-1-2025
For your information/ Baghdad..
The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed that the rumor of destroying half of the 62 trillion Iraqi dinars’ currency is illogical and baseless. He explained that the Iraqi monetary system is subject to strict procedures for managing paper currency, and called on citizens to refrain from circulating fabricated news and to maintain unity and trust in national financial, banking, and economic institutions.
Saleh said in a statement to the official agency, followed by Al-Maalouma Agency, that “some social media outlets have recently circulated illogical allegations that speak of the destruction of huge sums estimated at (62 trillion dinars) due to (the mouse and the rat), which is news that has no connection to reality and lacks the lowest levels of credibility and economic logic.”
Saleh emphasized that “Iraq’s issued monetary mass does not exceed 100 trillion Iraqi dinars, which includes both circulating and reserve currency. Therefore, claiming that more than half of the monetary mass has been destroyed due to environmental or biological factors is economically impossible and implausible given the scale and institutional procedures surrounding monetary management.”
He explained that “official data indicate that approximately 88% of the total monetary supply is outside the banking system, hoarded by individuals as a result of an inherited monetary culture in Iraqi society, rather than within the warehouses or vaults of a single institution, where it could be subject to such significant damage.”
He added, “The Iraqi monetary system is subject to strict procedures for managing paper currency, including printing, storage, periodic inspection, and exchange, using precise monetary and accounting mechanisms. Such large sums of money cannot be left exposed to damage without oversight or monitoring.”
He pointed out that “the rumour aims to create confusion and provoke public opinion, especially among non-specialists who are unaware of the nature of our country’s monetary system or how it works. This is something that must be addressed with reason and wisdom.”
He called on “all citizens not to circulate such fabricated news, which represents a disdain for people’s intelligence and has no economic or realistic value. Rather, it constitutes an attempt to confuse public opinion at a time when greater cohesion and confidence in national financial, banking, and economic institutions are required.”
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