A government source: We are working to stimulate economic activity and protect purchasing power, and there is no decision yet to change the currency or remove zeros.

[RJG]

A government source: We are working to stimulate economic activity and protect purchasing power, and there is no decision yet to change the currency or remove zeros.

Baghdad - One News

9/30/26

A government source confirmed that the government is aware of the slowdown in buying and selling in the markets, and is working on solutions to stimulate economic activity and protect the purchasing power of citizens.

The source explained that the current economic challenges are not limited to Iraq, but are faced by most countries in the region due to regional tensions and the closure of the Strait of Hormuz and the resulting economic pressures and repercussions.

He pointed out that the government seeks to address internal obstacles and stimulate commercial and productive activity, in addition to facilitating financing for productive projects and supporting the private sector, with the aim of revitalizing market activity and driving the economy forward.

Regarding the talk circulating about changing the currency or removing zeros, the source reassured citizens that putting forward such proposals does not mean approving them or starting to implement them, stressing that the file is still in the initial discussion phase and no decision has been made about it yet.

He added that boosting confidence in the markets requires providing clear information and practical steps, in parallel with cooperation between the government, financial institutions and the private sector to alleviate pressures and improve economic activity.

The source called on citizens, merchants, and business owners to remain calm regarding circulating news and to rely on official information, particularly concerning currency, procedures, and economic policies.

https://1news-iq.net/مصدر-حكومي-نعمل-على-تحريك-النشاط-الاقت/

[screwball]

LOL...th denial I love it!

[Dretown39]

15 minutes ago, screwball said:

LOL...th denial I love it!

Yeah especially at this stage👍

Edited September 30 by Dretown39

[screwball]

LOL...th denial I love it!

[RJG]

After observing a slowdown in buying and selling

The government reassures markets: Removing zeros from the currency is under discussion, and initiatives are underway to stimulate the economy.

 

2026-09-30 | 21:45

 

Baghdad - 964

A government source revealed on Wednesday that the government is seeking to revitalize markets and mitigate the effects of regional challenges, and is calling for the adoption of official information. The source indicated that discussing proposals to remove zeros does not mean approving them or setting a date for their implementation. The source confirmed that the government is discussing initiatives to stimulate commercial and productive activity.

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The source told the official agency, as reported by 964 Network , that “the government is aware of the slowdown in buying and selling in the markets, and the impact this has on citizens, traders and business owners, and attaches importance to discussing practical solutions that help stimulate economic activity, protect purchasing power and enhance confidence in the market.”

He added that “these challenges are not limited to Iraq, but most countries in the region face them to varying degrees in light of regional tension and the closure of the Strait of Hormuz, and the resulting disruption to trade and supplies, and the rise in transportation, shipping and insurance costs.” These conditions have been reflected in investment and consumption decisions, and have contributed to an increased state of anticipation and a slowdown in economic activity.”

He explained that “the government, while aware of the impact of these circumstances, seeks to address the internal obstacles that affect market activity, discuss initiatives to stimulate commercial and productive activity, and explore ways to facilitate financing for productive projects and support the private sector,” clarifying that “the goal is to develop applicable measures that contribute to the continuity of business and the provision of job opportunities, taking into account the available financial capabilities and maintaining financial and monetary stability.”

Regarding the news, analyses, and rumors circulating about changing the currency and removing zeros, the source clarified that “putting forward any proposal for study or discussion does not mean approving it or starting to implement it immediately, and the circulating expectations cannot be treated as binding decisions or specific dates for implementation.”

The source pointed out that “any procedure in this regard requires careful study, technical and organizational preparations, and clear mechanisms that preserve the rights of citizens, and it must be officially announced with an explanation of its details before implementation if it is approved accordingly.”

Regarding the currency issue and the removal of zeros, the source clarified that “removing zeros, in principle, means re-expressing monetary values in a new unit, while converting prices, salaries, savings, and obligations at the same rate. It does not, in itself, mean reducing the real value of citizens’ money.” He pointed out that “it is important to clarify this difference so that the discussion of the issue does not become a source of anxiety that affects daily transactions or leads to hasty decisions. It should be noted that the issue of changing the currency and removing zeros is still in the initial discussion phase, determining its economic feasibility, in addition to technical, legal, and operational studies. No decision has been made regarding it, as all these matters require accurate, clear, and deliberate evaluations, and benefiting from the experiences of other countries that followed the same approach, some of which did not achieve the desired results because the issue is linked to other structural reforms.”

The source stressed that “strengthening confidence in the markets requires clear information and practical steps, and that cooperation between the government, financial institutions and the private sector provides opportunities to alleviate pressures and improve economic activity,” indicating that “details of the initiatives that are approved and the mechanisms for benefiting from them will be announced after their study and discussion are completed.”

He pointed out that “the government is aware of the magnitude of the challenges and is seeking to address them, and there is room to improve market activity through joint work and follow-up,” calling on “citizens, traders and business owners to deal calmly with the circulating news and rely on official information, which will help stabilize the market and ensure the continuation of economic activity.”

https://964media.com/721799/

[RJG]

A government source: The government is working to address the slowdown in buying and selling and to stimulate economic activity.

 

Localities

 

 

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A government source stated that the government is aware of the slowdown in buying and selling activity and is working on solutions to stimulate economic activity and protect purchasing power.

The source said that the economic challenges are not limited to Iraq, but rather most countries in the region are facing them due to regional tension and the closure of the Strait of Hormuz, noting the government’s efforts to address internal obstacles, stimulate commercial and productive activity, facilitate financing for productive projects, and support the private sector.

He added that proposing a change of currency or the removal of zeros does not mean its approval or immediate implementation, indicating that the issue is still in the initial discussion phase, and no decision has been made regarding it.

The source explained that boosting confidence in the markets requires clear information and practical steps, along with cooperation from the government, financial institutions, and the private sector to alleviate pressures and improve economic activity.

He called on citizens, traders and business owners to deal calmly with the circulating news and to rely on information from official sources.

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85 views

Added 2026/09/30 - 10:48 PM

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https://www.economy-news.net/content.php?id=74536

 

[RJG]

Article from above. 

Localities

 

 

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A government source stated that the government is aware of the slowdown in buying and selling activity and is working on solutions to stimulate economic activity and protect purchasing power.

The source said that the economic challenges are not limited to Iraq, but rather most countries in the region are facing them due to regional tension and the closure of the Strait of Hormuz, noting the government’s efforts to address internal obstacles, stimulate commercial and productive activity, facilitate financing for productive projects, and support system" rel="">support the private sector.

He added that proposing a change of currency or the removal of zeros does not mean its approval or immediate implementation, indicating that the issue is still in the initial discussion phase, and no decision has been made regarding it.

The source explained that boosting confidence in the markets requires clear information and practical steps, along with cooperation from the government, financial institutions, and the private sector to alleviate pressures and improve economic activity.

He called on citizens, traders and business owners to deal calmly with the circulating news and to rely on information from official sources.

 

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85 views

Added 2026/09/30 - 10:48 PM

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[screwball]

We are working to stimulate economic activity - only way is to increase purchasing power

[screwball]

2 hours ago, RJG said:

He pointed out that the government seeks to address internal obstacles and stimulate commercial and productive activity, in addition to facilitating financing for productive projects and supporting the private sector, with the aim of revitalizing market activity and driving the economy forward.

 

[rvmydinar]

3 hours ago, RJG said:

 

He added that proposing a change of currency or the removal of zeros does not mean its approval or immediate implementation, indicating that the issue is still in the initial discussion phase, and no decision has been made regarding it.

" doesn't mean its approval " and " still in discussion ". What does that mean?? It is either more delays ( because they got no balls to implement it ) or . By the way, How long have they been talking about the removal of zeros? 

[NoviceInvestor]

With the Troops Iraq now has to put on its big boy pants and be more pro  active. 

[Man_Kind]

12 hours ago, screwball said:

LOL...th denial I love it!

DeNial, 

 

River that plays a critical role in the economies of Egypt.

Just saying.  

Whacky Iraqis! 

[BETTYBOOP]

Wondering if they are gonna limp along now till new year?

[screwball]

35 minutes ago, BETTYBOOP said:

Wondering if they are gonna limp along now till new year?

there's always a chance

[NoviceInvestor]

2 hours ago, BETTYBOOP said:

Wondering if they are gonna limp along now till new year?

Probably and a few years beyond next year.. I’m over it. 

 

[screwball]

On 10/1/2026 at 8:37 AM, RJG said:

We are working to stimulate economic activity and protect purchasing power,

hmmm...all you need to know...how do they do this? new rate? as trump said the other day great things coming to iraq you will see!