Iraq’s Central Bank is discussing the possibility of removing zeros from the Iraqi dinar — but this is NOT yet a final decision. link to My FX Buddies Blog A new report from Al-Mustaqilla says the issue of removing zeros and modernizing Iraq’s currency and monetary system is currently being discussed within the Central Bank of Iraq. According to the report, several scenarios are being considered, including modernizing the banking system while keeping the current currency, removing zeros while maintaining the real value of the dinar, or combining currency restructuring with broader monetary and banking reforms. So what does “removing zeros” actually mean? If three zeros were removed, for example, 1,000 old dinars c ...