Article: “Iraq to Drop Zeros From Its Currency as Dinar Redenomination Returns?” Quote: “Iraq’s Communications Minister Mustafa Sanad says Iraq has decided to remove zeros from the dinar and reprint the currency, but the Central Bank remains the country’s monetary authority and has not publicly confirmed a timetable…What Would Removing Zeros Mean? …under a hypothetical three-zero adjustment, 1,000 old dinars could become one new dinar, with prices, wages, bank balances, contracts and other financial values adjusted proportionally… removing zeros would not automatically make the dinar more valuable…an item costing 50,000 old dinars could simply be priced at 50 new dinars after three zeros were removed.” :Clare
