The Central Bank of Iraq has denied reports claiming that it is printing new banknotes with zeros removed as part of a planned currency redenomination.
In a statement released on Wednesday, the bank said the reports are false and are not based on any official information. It confirmed that no new currency with zeros removed has been printed.
The Central Bank explained that any future decision to restructure currency denominations or remove zeros would go through several legal, regulatory, and technical steps before being implemented.
The bank also stressed that if such a project is ever approved, it would be officially announced through its own channels and widely communicated to the public. A transition period would also be provided to give citizens, banks, and businesses enough time to exchange currency safely and smoothly.
According to the statement, these procedures would be designed to protect the financial rights and obligations of all parties involved.
The Central Bank urged citizens and media organizations to rely only on official announcements and verified sources for information related to monetary policy. It warned that spreading unconfirmed reports could create confusion and potentially harm the financial interests of the public.
The statement comes in response to recent media reports suggesting that Iraq was preparing to issue new banknotes with fewer zeros, a claim the Central Bank has firmly rejected.
