Militia Man
Article quote "Central Bank seeks to withdraw excess liquidity"
When the central bank of Iraq is removing excess liquidity, that's taking in dinar, what does that do?
Enhances the value of the currency - Supply and Demand. Reduce the note count, the value goes up...That's the way it's always worked and it always will IMO.
In the last week or so...there's probably five or six articles specifically talking about removing zeros from the Iraqi dinar...
Quote: "...this is done by removing a specific number of zeros from the nominal value of the currency."
From the value of the currency not the currency notes but the value of the currency...
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