Removing zeros from the dinar: Parliamentary Finance Committee sets conditions for proceeding with this matter.
Removing zeros from the dinar: Parliamentary Finance Committee sets conditions for proceeding with this matter.
9-5-2026
The Information/Baghdad…
Member of the Parliamentary Finance Committee, Amer Rahim, confirmed on Saturday that voting on a bill to remove zeros from the local currency requires extensive discussions and the enactment of a package of laws within the Parliament. He indicated that raising this issue at the present time is premature.
Rahim told Al-Maalouma, “The step of removing zeros from the currency cannot be decided hastily; rather, it requires a series of lengthy and in-depth discussions within Parliament.” He explained that “the process is closely linked to the economic reality and requires amending and enacting several supporting financial laws and regulations to ensure market stability.”
He added, “Raising the discussion about this topic at this stage is premature, given the financial challenges that require first providing a comprehensive economic and banking environment before embarking on any structural change to the currency.” He pointed out that “any measure of this kind without careful and prior study may negatively impact the purchasing power of citizens.”
Rahim stressed “the need to focus currently on supporting the stability of the national currency and implementing banking reforms, while leaving the issue of removing zeros until economic conditions are more favorable and full legislative support is available within the House of Representatives.”
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