Pimpy
[Response to Breitling post below.]
To strictly say the sole reason they added the three zeros to the Iraqi dinar is policy based inflation is not accurate. Yes, it was the central bank of Iraq that devalued the currency...[and] added the 3 zeros...
The first gulf war you can see what the inflation rates were. 1991 - 180%. That's really high. '92 - 83%. '93 - 207%. 1994 - 448%. 1995 - 387%. When you average all these thing up, by the time we got into re-denomanating the currency and the new Iraqi dinars were created getting away from the Saddam notes and Swiss dinar to the currency we have today all these things contributed to it.
Hyperinflation, mismanagement, all those things played a key part. So there is no one thing that happened.
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