Kaperoni: "The delete 3 zeros is not a solution it is a neutral event where the dinar maintains the same value but it removes the zeros" 6/23/21

by **RamblerNash** Wed Jun 23, 2021 10:42 pm

Kaperoni

This past weekend much of the attention was focused on two different articles one discusses implement implementation of the delete three zeros or LOP. The other is when it would be appropriate to float the Iraqi dinar. The delete 3 zeros is not a solution it is a neutral event where the dinar maintains the same value but it removes the zeros. This is a common occurrence in many countries that are unable to develop a private sector and have economic growth. Many in Iraq want them to do this...The other option is to build a private sector by passing laws, creating a suitable business environment, and attracting foreign investment. Doing so would allow the economy to prosper and as a result the dinar to grow in value and be a true value based on real economic success...we will have to wait and watch and see if Iraq decides to do the right thing or not...