[via PDK] “Is the Iraqi Government planning to eliminate three zeros from the Iraqi dinar?” This topic is resurfacing in the news. Given the ongoing war and the closure of the Strait of Hormuz, it is evident that action is necessary. Previously, Dr. Shabibi provided an excellent analysis. Their “White Papers” also offered a thorough explanation of how they intend to restore the dinar’s value and introduce lower denomination notes into circulation. They have repeatedly assured us that they will not simply remove the three zeros, which would turn our 25,000 notes into 25. This will not be a lop… they have confirmed that the purchasing power of the dinar will increase and surpass that of the dollar, along with the issuance of new lower denomination notes. They aim to enhance its value and bring it back to its former prominence. In the worst-case scenario mentioned in this article, they suggest that the dinar could be valued at approximately one dollar ($1).
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