Articles: “Syria and Iran have formally moved to redenominate their currencies…Syria… removing two zeros from the currency. New banknotes are planned, with a 12‑month period in which old and new notes will circulate together; a note like 5,000 pounds will effectively become 50 in the new scale but keep the same purchasing power…Iran’s parliament has approved a redenomination plan to remove four zeros from the rial, replacing 10,000 current rials with 1 new unit. The law gives the central bank up to two years to prepare and then up to three years of dual circulation of old and new currency, so the change is legal and underway but not instantaneous.” As you see, this news of…all roads lead to an RV. WRONG! Values do not change, none of this is immediate, and none of it has anything to do with Iraq revaluing their currency...
