Saturday, September 28, 2024

DELETING ZEROS IS AN IMAGINARY CHANGE IN THE VALUE OF THE CURRENCY BY CLARE, 29 SEPT

  Clare  

Article:  "A specialist details the negatives and positives of removing zeros from the Iraqi currency"  

Quote: "Al-Mawsumi said...The process of removing zeros from the currency means replacing a new currency with the old currency with the aim of simplifying the accounting process between consumers, 

and it is often resorted to by countries that suffer from high inflation and have become unable to deal with paper currencies of very weak value...Deleting zeros is an imaginary change in the value of the currency and does not change its purchasing power."

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