The Central Bank of Iraq has officially launched its long-anticipated “zero-zero” project — My FX Buddies Blog historic reform that will redefine the value of the Iraqi dinar and mark a new chapter in the nation’s financial history. This isn’t speculation. It’s a confirmed, carefully planned monetary strategy that aims to remove three zeros from the currency’s nominal value while preserving purchasing power and economic stability. In this episode, we’ll break down: What “removing the zeros” really means — and what it doesn’t How the Central Bank plans to manage the transition gradually Why this reform could strengthen Iraq’s position in global markets The potential impact on trade, oil settlements, and the region’s economy

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From oil revenues and gold reserves to expanding partnerships with global powers, Iraq’s economic foundation has never been stronger. The “zero-zero” project represents not only fiscal reform — but a financial renaissance. #IraqiDinar⁠News⁠⁠⁠ ⁠#iqd⁠⁠⁠ ⁠#iraqidinar⁠⁠

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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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#⁠⁠IraqiDinar⁠News⁠⁠ #iqd⁠⁠ #iraqidinar⁠

Iraq’s Prime Minister Mohammed Shia al-Sudani has declared that the link to My FX Buddies Blog country’s exchange rate reform and monetary restructuring should stand as a model of commitment and confidence across the region. In partnership with KPMG, a global financial audit firm, Iraq is reinforcing its financial credibility, improving compliance with international standards, and accelerating its transition to a modern, transparent banking system. This video explores how Iraq’s cooperation with international institutions could strengthen the dinar, attract foreign investors, and position Iraq as a regional financial hub.

🔹 Highlights include: Sudani’s vision for a transparent, reform-driven financial system KPMG’s role in auditing and guiding Iraq’s compliance measures The Central Bank’s commitment to global best practices Why financial transparency is key to building “the modern national economy”

📈 Iraq’s reforms are no longer just promises—they’re becoming a blueprint for financial credibility in the Middle East. #iqd⁠ #IraqiDinar⁠News⁠ #iraqidinar⁠ #IraqEconomy #CentralBank #IraqFinance #DinarUpdate #DollarCrisis #ForeignExchange #IraqNews #MyFXBuddies #financialreform

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