Kaperoni

Central Bank of Iraq held a forum… They confirmed if they delete the zeros they require a law from Parliament to authorize. This is a clear indication that deleting the zeros is a neutral event LOP. Traditional monetary policies do not require Parliament authorization.  They also announced the imminent launch of a 20,000 dinar note. This could be used to reduce the money supply or is just filling the need in the market since the dinar has been devalued.