Pimpy
Question: "So you're telling me we should sell our dinar because it's about to lose us a lot of money?"
I'm saying we don't know what's going to happen. There's a possibility we can wake up tomorrow and it's 1 to 1 and they haven't deleted the zeros a lot of people are millionaires. There's a possibility we wake up tomorrow and they delete the zeros and we have to exchange it for the new currency and then they change it 1 to 1 and you're not a millionaire.
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...