Jeff

  In Jeff

I recently checked Iraq’s inflation and I think it was down to about 1/2 percent.  It was very low. Iraq will not be deleting the zeros off the notes. They will delete the zeros off the rate. But when they delete the zeros off the rate that essentially makes it 1 to 1 with the dollar. Once they make it 1 to 1 with the dollar that makes it too valuable so they have to bring out new notes. Two different currencies will coexist for a period of time.  Smaller notes and larger notes. They have to bring out smaller notes because the currency will have too high of a value.