Context i live in iraq there we have 1000 dinnsr and 250 dinnar 500 dinnar as our Currency but we use it as one dinnar half a dinnar quarter dinnar same concept same numbers so why not just remove the zeros? The transaction will be the same the about is the same why you can’t just simply remove zeros? If you act like they don’t? In the first place?
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You can do that, and it does happen sometimes. It’s called “redenomination.” Last year Venezuela cut six zeroes off of their currency, for instance.
But lopping off a few zeroes doesn’t fix the underlying problems of inflation or lack of confidence in the currency, and nobody with a brain will be fooled into thinking the new currency won’t have the same problems as the old currency. A currency’s exchange rate is ultimately determined by the international demand for that currency, and there is almost no demand for Iraqi dinars because Iraq’s only major export is oil, which is traded in dollars.
Chopping off zeroes may make life a little more convenient for Iraqis (although I imagine it’s relatively low on your list of priorities) but it’s unlikely to be worth the hassle and cost of changing it.
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