Iraq's dinar currency reform discussion just got more interesting. link to My FX Buddies Blog A member of Iraq's Parliamentary Finance Committee says the proposal to remove zeros from the Iraqi dinar is currently being discussed within the Central Bank of Iraq. Ahmed Hama Rashid said the proposal is intended to simplify cash transactions and reduce the enormous numerical figures used in everyday Iraqi currency transactions. He also discussed the long-standing idea of removing zeros and the concept of "money illusion" created by the circulation of large dinar denominations. But let's be very clear about what this report does — and does NOT — say. This is not an official announcement that Iraq is removing zeros.  ...