Iraq's currency reform story took another dramatic turn over the weekend — but what happens after all the excitement? My FX Buddies Blog

Talk of removing zeros from the Iraqi dinar, changing the currency and addressing Iraq's monetary system has created major questions among Iraqis, dinar watchers and currency investors. Reports now say the issue of removing zeros is being discussed, with one report describing a possible conversion in which 1,000 old dinars would equal 1 new dinar. But this does NOT automatically mean the Iraqi dinar gains purchasing power or suddenly increases in value. And that's where the story gets complicated. The Economic Observatory has criticized the government's communication, pointing ...