Ariel @Prolotario1 Iraq- Deletion Of 3 Zeros Project A Currency Redenomination: Ex. The key equation governing this is: Value = Exchange Rate x Face Value Where: Exchange Rate: The value of one currency unit against another (e.g. Dinar vs Dollar) Face Value: The number printed on the banknote (e.g. 10,000 IQD printed on a 10,000 dinar bill) When 3 zeros are removed from the Face Value via redenomination, the New Face Value becomes 10 IQD. Remember all of this is happening internally in Iraq. For their domestic market. So if you already have the IQD this has nothing to do…
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