Iraq’s government is once again considering deleting three zeros from the dinar, link to My FX Buddies Blog
a move that has stirred up both public concern and expert warnings.
For ordinary citizens, the fear is clear: if salaries and pensions are not raised first, redenomination could make daily life even harder. Many Iraqis already struggle with weak wages, high costs, and inflation pressures. Without a social safety net, they worry this decision would only add to their suffering.
Support My FX Buddies:https://cash.app/$tishwash.... https://paypal.me/tishwash....Get a FREE transcript at:https://rss.com/podcasts/myfxbuddies...Economic experts are equally cautious. They argue that Iraq’s fragile financial situation cannot withstand a sudden shock without months of preparation and stronger reserves. Dr. Safwan Qusay stressed that removing zeros requires strict banking controls, border monitoring, and safeguards against money laundering and corruption.
📉 The big questions:
Will redenomination actually strengthen the dinar, or just reshuffle numbers?
Can the government protect citizens’ purchasing power?
How can Iraq avoid this reform becoming a loophole for corruption?
Analysts say the safe path involves gradually raising wages, building reserves, educating the public, and ensuring transparent oversight. Until then, the future of Iraq’s currency — and its impact on everyday life — remains uncertain.
