Removing zeros not removing devaluing or revaluing... Which is it?
Recent reports have sparked renewed discussion about the future of the Iraqi dinar link to My FX Buddies Blog dinar after claims surfaced regarding a possible project to remove three zeros and issue a new currency.However, Iraqi government officials have strongly denied these reports, stating there are no official plans to remove zeros, revalue the dinar, or change the national currency.In this video, we compare both perspectives, discuss what currency redenomination means, and explore the current economic challenges facing Iraq.One report says Iraq may be studying the removal of three zeros…
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