Pimpy

Article: “Confidence in the Iraqi dinar is eroding…and the prospect of removing zeros”  Here we go. We see it every 4 to 6 months there is a report about the Iraqi dinar having the 3 zeros removed…there’s a difference between removing the 3 zeros off the rate versus removing 3 zeros off the currency.  Removing off the rate – good.  Removing off the currency – bad.  Why is that Pimpy?  Because if you remove the 3 zeros off the exchange rate that means the value of the dinar has increased.  But if you remove the 3 zeros off the currency – yikes! …there’s been so many reports, report after report that says deleting the zeros affects the poor people…it would cause such an uprising its not even funny…there’s nothing to debate. They’re not going to do it.