Mnt Goat
Iraq is going to experience a “redenomination” of their currency meaning to execute the process of swapping out larger three zero notes for newer...lower denominations
...when you take money out of circulation...You cause deflation, which is revaluing your currency or making it worth more.
There is also all the other assets and variables involved that will FORCE the system to bring back the dinar to its nominal value, finally. They are...
doing this redenomination...to “normalize” their currency back to their “normal” denominations, as before the sanctions took place. They will also need a “normalized” rate and not this current “suppressed" rate...
Does this mean that those of us who hold Dinar prior to the removal of the 3 0s hold obsolete currency?
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