No..I think you are not understanding the "removal of zeros"
When they say they are removing the zeros what that means is they will remove all of the larger denominations from circulation.
It will work like this.
1. They will revalue the Iraqi Dinar to 1 IQD = $1+
2. At the same time the new currency will be introduced. The "new currency is the lower denominations they have had printed and ready from the begining.
3. The Higher denominations will be taken out of circulation by the banks and replaced by the new lower denominations within a preset time (by the end of 2010)
4. After all of the higher denominations (the zero notes) have been removed from circulation the removal of zeros will be complete.
So as stated this is not a standard lop but a novel revaluation/redenomination event.
The Iraqi situation is a novel situation which requires a novel solution.
Get ready....we are about to be part of a first ever economic event a revaluation/redenomination of one of the wealthiest nations on earth.
Fasten your seat belt....we are ready for take off!
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