Pimpy

…If the Iraqi dinar is re-denominated, that’s when they LOP off the zeros, delete the zeros, reduce the zeros, remove the zeros, call it whatever you want, they’re all the same thing…Re-denomination of a currency involves changing the face value of the currency by dropping zeros from the existing notes and issuing new currency at a lower nominal value…The nominal value of the 25,000 is 25,000 single dinars on one note.  If we do a re-denomination and we remove the zeros off the currency, then they have to make whole new…smaller denominations…most likely going to have 1, 5, 10, 20, 50 and 100 dinar…So instead of having 25,000 written across the bill it’s only going to be 25…If Iraq increases the exchange rate of the Iraqi dinar…this is different.  A re-denomiation will have a slight effect, if at all, verses changing the exchange rate, increases currency value…increases the purchasing power for Iraqis…