The redenomination of the Iraqi dinar (IQD) is the most common fear in the dinar community, and the fear…runs like this. Iraq deletes the zeros and forces every note through a 1,000-to-1 swap. The foreign holder who waited 20 years…walks out with a fraction of what he held…Iraq is not running this entire process to make its money worth less…The whole design points one way, and that way is up…Deleting the zeros changes the face of the money, not what it buys. A 25,000 dinar note becomes a 25 note, prices drop the same 3 zeros, and purchasing power walks across intact. It is domestic housekeeping. Iraq pulls its own street cash through licensed counters, exchanges old notes for replacement notes or an electronic balance, and destroys what comes back. Reset Intelligence [Post 1 of 2]
