The subject of altering Iraq’s currency and removing the zeros has finally been officially addressed by the governor of the Central Bank of Iraq.There seem to be two different topics under discussion. 1) The governor claims that the Central Bank of Iraq has the power to alter the currency. 2) The governor claims that removing the zeros would necessitate legislation from the Iraqi parliament.It implies that the central bank may be able to print, replace, or alter currency. However, parliament would need to become involved if Iraq truly wanted to proceed with eliminating the zeros.If a real legislative proposal addressing the removal of the zeros is ever presented, it may be a considerably bigger move than the conversations and declarations we have been listening to.
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