They’ve been talking about deleting the zeros for almost 20 years and it has never happened. They still have not created a new denominational bill. There’s been no talk and no budget for recreating currency and you know…I would tell you if that ever happened… There is a misconception going around…about removing zeros from the
currency…They’re saying this is evidence of impending revaluation. That is not true. Removing zeros, redenomination, is an administrative process that changes the face value of the currency without changing its actual value. If Iraq removed zeros, 1,000 old dinars would become 1 new dinar. But the purchasing power remains identical. The value of the currency remains identical. That’s why [we] have never taken the removing the zeros as a significant news story to be pounded on as a revaluation. Because it’s not.
