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🇮🇶 Iraq /Economy & Trade

Iraqi central bank again addresses currency-change and zero-removal claims, rules out sanctions rumors

From Alsumaria · () Arabic

Translated from Arabic and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Central Bank Governor Nizar Nasser Hussein said on Sunday that changing Iraq’s currency is within the bank’s authority.
  • He said removing zeros from the currency would require legislation passed by the Iraqi parliament.
  • His comments addressed renewed claims about a currency change and sanctions.

Iraq’s central bank governor, Nizar Nasser Hussein, has again addressed claims about changing the country’s currency and removing zeros from its denominations.

Hussein said changing the currency falls within his authority. He added that removing zeros would require legislation from the Council of Representatives.

The remarks also sought to put an end to claims involving sanctions. The report provided no further details about any proposed currency change or legislative process.

About this summary

Originally published by Alsumaria in Arabic. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.