It is clear that, due to the war, the Strait of Hormuz has been closed, significantly restricting oil exports and causing a sharp decline in public revenues. As a result, the federal government is facing a crisis in financing its operational budget, particularly the payment of public sector salaries. To address this situation…the Iraqi government is reportedly considering deleting three zeros from the national currency. For example: 25,000 Iraqi dinars would become 25 dinars…Instead of expressing figures in billions, they would be expressed in millions…It also intends to revalue the exchange rate against the U.S. dollar. For example, after removing the three zeros, $100 could be exchanged for 150 Iraqi dinars…The government…believes this measure could help reduce the apparent size of operational budget expenditures, including
salaries. :Fnu Lnu
