Central Bank Governor Ali Al-Alaq confirmed that the three-year budget "included very large link to My FX Buddies Blog expenditures and a high deficit," noting that the issue of removing zeros from the Iraqi dinar may witness developments in the coming period. The Central Bank of Iraq is taking center stage again — revealing its next big steps in currency reform. Governor Ali Al-Alaq confirmed that the long-planned “removal of zeros” project is moving forward, while also assuring that Iraq faces no obstacles in withdrawing oil revenues from U.S. banks.

In this video, we break down: 💬 How Iraq plans to restructure its currency denominations — including the 20,000 dinar note. 💬 What it means for inflation, the money supply, and banking stability. 💬 How cooperation between the CBI and Finance Ministry is keeping the budget deficit under control. 💬 Why oil revenues and foreign reserves remain secure at the U.S. Federal Reserve. 💬 What these changes signal for Iraq’s financial future and the dinar’s strength in 2025 and beyond. It’s not just another policy update — it’s the story of a nation positioning itself for financial independence and monetary stability.

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Removing zeros from currency Last week, the CBI announced plans to remove zeros from dinar, as part of efforts to strengthen the national currency. "The matter of removing zeros from the Iraqi currency is a project that still exists and is ongoing. We are planning for it, and in the future we will see progress on this matter," Alaq said.

Iraq’s national currency, the dinar, has recently demonstrated strong signs of recovery, with the market rate steadily approaching the official exchange rate of 1,320 IQD to the US dollar. After a turbulent period of volatility and speculation

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