Article: “The Central Bank told Nina: Removing zeros is not within our authority and requires a legal and legislative process” Quote: “The issue of removing zeros…is linked to the settlement of debts, legal obligations, and punitive fines under current Iraqi laws…If the removal of zeros is enacted, it will require clarification and public awareness campaigns to ensure a new valuation similar to that of the old currency. Regarding the economic impact of removing zeros, he explained: The process is simple and has no impact except in accounting; for example, instead of ‘million,’ it will be ‘thousand,’ and instead of ‘trillion,’ it will be ‘billion,’ and so on…There is unofficial talk circulating among the public about a decision to remove zeros from the national currency.” Clare
