Pimpy
Article quote: "Removing zeros off the Iraqi Dinar can indeed impact liquidity issues in Iraq. By re-denominating the currency and removing zeros, the Central Bank of Iraq aims to reduce transaction costs and make it easier for people to carry less physical money.
With a lower denomination, larger amounts can be replaced with fewer notes...This can potentially enhance liquidity management within the country's financial system." So the deletion of the zeros could help Iraq with their liquidity issues...
What is the deletion of zeros of currency?
An action aimed at increasing the nominal value of money. Nominal value, NOT the exchange rate. Re-denomination, that's what this is. What is lopping off zeros? Same thing. Changes the nominal value. What is the removal of zeros off currency? ...Also known as deleting of the zeros...Re-denomination.
What is reducing of zeros off currency?
Re-Denomination. I'm telling you guys all those things are the same thing...You remove the zeros off the currency and when you do that .00076 will be .76 but it doesn't change the value of your currency versus other world currencies. That stays the same.
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