SkyWalker
Remember in 2003 when the old Swiss dinars were being exchanged for the new and current Iraqi dinar. The U.S. Army transported and distributed the currency throughout Iraq. The outgoing Swiss currency did not have three zeros.
The new Iraqi dinar had three extra zeros because it lost value. Because Iraq was post invasion and the nation had no industries or other methods to sustain its economies. That is why the dollar was brought into Iraq by the U.S. government as a means to keep the Iraqi economy alive.
Now, the situation has changed and through monetary policies the nation can justify restoring the value of the Iraqi dinar. Inflationary zeros were added to the notes back in 2003 by the U.S. government that paid for the printing of the Iraqi dinar. Now, the inflationary zeros will be removed because the government has met the requirements of the CBI.
---SkyWalker
Currency value and an exchange rate are two totally different things and are determined differently. Changing the exchange rate does not make value. Value is made by the monetary policies that CBI and Iraqi government have put in place...
Now, the inflationary zeros will be removed because the government has met the requirements of the CBI and made an economic environment that will support both the value of the dinar and keep the economy humming along. Value through policies must be restored first which will be represented with new notes being lower denominations...
Meaning the three zero notes will be physically removed from circulation and the lower notes without the extra zeros will be issued. Then and only then the exchange rate reflects an increase in the relative price of the Iraqi dinar compared to the price of another currency.
https://dinarevaluation.blogspot.com/2024/07/rv-update-by-skywalker-23-july.html