Economic specialist Haider al-Sheikh stated that Prime Minister Ali Faleh al-Zaidi’s recent trip to the United States yielded several economic results, including a proposal to reform Iraq’s currency to enhance financial liquidity.According to al-Sheikh, the proposal under consideration involves removing one zero from the currency as part of a redenomination strategy. It is evident that significant changes are on the horizon, and I suspect that it will not be limited to the removal of just one zero. I strongly believe that if any action is taken, it will involve the elimination of all three zeros, followed by a transition to the foreign exchange market, provided that there is no substantial inflation resulting from these adjustments. They are likely to adhere to Dr. Shabibi’s plan, which was the primary topic of discussion during Al-Zaidi’s visit to Washington, rather than al-Sheikh’s proposal.
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