Baghdad:According to Iraqi News Agency, a government source stated that the government is actively addressing the current market slowdown by discussing initiatives aimed at boosting commercial and productive activities. The source emphasized the importance of relying on official information, particularly regarding proposals to remove zeros from the currency, which have yet to be approved or scheduled for implementation.

The government recognizes the impact of the regional challenges, including the closure of the Strait of Hormuz, which has disrupted trade and increased costs. These conditions have affected investment and consumption, contributing to economic uncertainty. Despite these issues, the government is focusing on domestic obstacles and exploring ways to support the private sector and facilitate financing for productive projects to ensure business continuity and job creation.

The source clarified that any potential currency change, including the removal of zeros, remains in the discussion phase and would require thorough study and preparation before any implementation. The government plans to announce the details of approved initiatives once they have been finalized to ensure transparency and maintain economic stability.

In conclusion, the government is committed to addressing the challenges and improving market activity through collaboration with financial institutions and the private sector, urging citizens and businesses to trust official information to stabilize the market.