It is evident that the conflict has blocked the Strait of Hormuz, severely limiting oil shipments and resulting in a precipitous drop in governmental revenue. Because of this, the federal government is having trouble funding its operating budget, especially when it comes to paying salaries in the public sector. According to reports, the Iraqi government is thinking about removing three zeros from the country’s currency in order to address this issue. For instance, 25,000 Iraqi dinars would drop to 25 dinars.Figures would be stated in millions rather than billions.Additionally, it plans to revalue the exchange rate in relation to the US dollar. For instance, $100 might be converted into 150 Iraqi dinars if the three zeros were removed.The government thinks that by taking this action, operational budget expenses might seem to be smaller, including
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