The article: “Iraq to Drop Zeros From Its Currency as Dinar Redenomination Returns?” “Iraq has decided to remove zeros from the dinar and reprint the currency, but the Central Bank remains the country’s monetary authority and has not publicly confirmed a timeline,” stated Mustafa Sanad, the country’s minister of communications.What Would Removing Zeros Mean? In a hypothetical three-zero adjustment, 1,000 old dinars could become one new dinar, with prices, wages, bank balances, contracts, and other financial values adjusted proportionately. However, eliminating zeros would not automatically increase the value of the dinar; an item that cost 50,000 old dinars could simply be priced at 50 new dinars after three zeros were removed.”
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