[Response to Guru Militia Man 10-1-2024 below] You stated that the zeros will be removed from the exchange rate .00076 will equal .76 cents…The zeros are…removed from value. An exchange does not represent value because it represents a ratio between two currencies hence the key word being “Rate”…The author of the delete the zeros program Dr. Shabibi clearly stated why the zeros were added to currency note due to inflation. As many articles have stated the zeros will be removed from the nominal value of the currency note. Reviewing many articles I do not recall seeing any article from the CBI or Iraqi government that is aligned with your multiple explanations of where the three zeros will be removed from…A speech that Dr. Shabibi gave…there was never a mention of removing zeros from an exchange rate…
Above mentioned Post is below
Militia Man If you do the math on it, if you drop the three zeros from the exchange rate of the nominal value of the currency. If the exchange rate is $1 divided by 1310 gets you .0007643 or real close, which is far less than a penny. If you drop the three zeros off the exchange rate you’ve done a big service. You’ve created value to that currency because if you drop three zeros from the exchange rate that is .76 …They can then add the Real Effective Exchange Rate based off the non-oil revenue streams…
