“Removing Zeros from the Iraqi currency: Talk Returns and Possibility of Implementation” What is nominal value Pimpy? The nominal value of currency is its current price or face value as printed on the currency by the issuing authority. It’s the number written on the bank note… This is a re-denomination when they delete the zeros…Once this is done and a new currency is printed, the old one is removed. If the old ones remain out there for a while they will carry the same value as the new currency, not the old currency.
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