Article: “Will the Federal Government Remove Three Zeros from the Iraqi dinar?” Quote: “The government is now considering two further options: First: Domestic and foreign borrowing. Second: Removing three zeros from the Iraqi dinar. The Iraqi government is reportedly considering deleting three zeros from the national currency. For example: 25,000 Iraqi dinars would become 25 dinars after removing three zeros. Likewise, all other currency denominations would be adjusted accordingly. Instead of expressing figures in billions, they would be expressed in millions. The objective of this move is to preserve the value of the Iraqi dinar…It also intends to revalue the exchange rate against the U.S. dollar. For example, after removing the three zeros, US$100 could be exchanged for 150 Iraqi dinars instead of the current denomination…” [Post 1 of 2….stay tuned]
