Economist: Removing zeros will reduce inflation and withdraw money from corrupt officials.
Economist: Removing zeros will reduce inflation and withdraw money from corrupt officials.
8-18-2026
Information/Baghdad…
Economic researcher Haitham al-Khazali believes that removing zeros from the currency will reduce inflation in the financial markets and markets. He added that it will also draw cash held by citizens, merchants, and investors into banks, and compel corrupt individuals to surrender their illicit funds.
Al-Khazali told Al-Maalouma, “The government’s move to remove zeros from the currency would be a step in the right direction if it proceeds with such a transformation, as it would restore the Iraqi currency’s strength and reduce the inflation rate.”
He added, “Removing zeros opens the door to the reintroduction of smaller denominations, such as dirhams and fils, which were previously in circulation. Furthermore, it will force those holding cash, including merchants and investors, to deposit it in banks.”
He explained that “removing zeros will reveal the size of the cash held by citizens and will also recover funds acquired by corrupt individuals, ensuring their return to the state.”
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