Will removing zeros solve Iraq’s financial crisis?
Will removing zeros solve Iraq’s financial crisis?
8-17-2026
The Information/Baghdad –
Iraqi MP Murtadha al-A’ajibi, a member of the Iraqi Foundation Coalition, confirmed on Monday that talk of removing zeros from the Iraqi currency remains merely a proposal under discussion, indicating that there are no current government efforts or plans to implement it.
Al-A’ajibi told Al-Ma’louma, “The talk about removing zeros from the Iraqi currency is simply a proposal being discussed, and there are currently no government efforts or actual plans to implement this step.” He clarified that “the matter has not yet reached the stage of implementation procedures.”
He added that “removing zeros does not represent a solution to the financial crisis that Iraq is suffering from, nor can it address the root of the economic problem.” He pointed out that “addressing the financial situation requires real and well-considered measures that target the causes of the crisis, rather than resorting to superficial solutions.”
Al-A’ajibi pointed out that “such steps do not contribute to addressing the financial crisis, but rather are merely stopgap solutions that do not fundamentally address the economic problems.” He stressed the necessity of “focusing on economic and financial reforms that would address the root causes of the imbalances and enhance the stability of the Iraqi economy.
” He emphasized the importance of “not treating the removal of zeros as a measure capable of solving the financial problems,” explaining that “addressing the crisis requires clear economic policies and practical measures that are appropriate to the nature of the challenges facing Iraq.”
Earlier, economist Abdul Rahman Al-Mashhadani confirmed that the decision to remove zeros and change the local currency falls exclusively within the jurisdiction of the Central Bank of Iraq, warning against taking this step in light of the current financial crisis due to its negative repercussions on the market.
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