Removing zeros and revaluing the Iraqi dinar S4E123 Yes another one

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Removing zeros and revaluing the Iraqi dinar • ⁠link to My FX Buddies Blogpost ⁠ https://www.myfxbuddies.com/2024/10/r... • If you'd like to support me: https://www.paypal.com/paypalme/tishwash • Transcript at https://rss.com/podcasts/myfxbuddies/ • The concepts and scientific names in economics differ according to the specialization and the branches derived from it. When talking about the exact specialization, economic variables must be named by their scientific names. One of these names is the term redenomination, or as it is called (removing zeros from the currency). Countries usually resort to it to address rampant inflation and the decline in the value of the local currency, as the old currency is replaced with a new currency at a fixed price by removing at least 3 zeros from the old currency. • Currency revaluation becomes necessary when it comes to hyperinflation because it takes a very large number of old banknotes to facilitate trade, especially in local markets, and small banknotes become useless, as an individual needs millions of banknotes to buy simple or necessary household or food needs, an example of this is what happened in 2006 when Zimbabwe renamed its currency at a rate of (1000 old Zimbabwe dollars) for a new Zimbabwe dollar. • CBI • iraqi dinar • dinar news • #iqd • Central Bank of Iraq • Dollar crisis in Iraq • Dollar exchange rates in Iraq • Importing the dollar from outside Iraq • Government decisions • Iraqi-American relations • Iraq's economy • Rentier economy • Iraqi banks • Banks in Iraq • US Department of Treasury • Government crises • Ali Al-Alaq • delete the zeros • Fair Use Disclaimer: • any use of works in our videos is de minimis, transformative, and constitutes fair use under the Copyright laws of the United States. Any improper attempts to takedown or claim our videos may be subject to 17 U.S.C. 512(f) claim for bad faith under the Digital Millennium Copyright Act. If you want to discuss any content in our videos, please contact us at The Law Offices of Steven C. Vondran, P.C. One Sansome Street, San Francisco, CA 94104, (877) 276-5084. before initiating any takedown requests. Failure to do so may constitute bad faith.

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