Pimpy  

Look what’s back in the news, deletion of the zeros.  Article:  “Delete zeros and evaluate the dinar”  The deletion of the zeros is a redenomination that’s a whole separate situation than a revaluation.  They’re two separate things…A redenomination is when they change the way the currency looks.  It’s going to have less zeros.  That’s the deletion of the zeros, a redenomination.  A revaluation is separate.  Quote:  “In a fixed exchange rate system, the system followed by Iraq, only a decision from the state, the central bank, can change the official value of the currency…“