Pimpy

The IMF, WTO, World Bank and whoever don’t have a say whether or not Iraq LOPS off their zeros.  That is decided by the Central Bank of Iraq as well as the government of Iraq.  You’re confusing the ‘lopping of the zeros’, ‘the deletion of the zeros’, ‘the reducing of the zeros’, ‘the removing of the zeros’, as somehow a loss in value.  It is a neutral event.  It doesn’t affect outside investment into the Iraqi dinar.  I told you when you remove the zeros all you’re doing is lowing the nominal value of the currency.  Has nothing to do Iraq’s exchange rate versus other wold currencies – noting whatsoever.