I have been in this since '08 so I am not a newbie. I would like to float this idea. Perhaps it has been discussed before - I have not seen it. I am hoping others well versed on electronic vs physical currency can answer this...(Dontlop?)
When the changeover happened from Saddam's dinar to the Bremmers we now hold, why would the US have continued the hyperinflation of the past by making the new IQD (Bremmers) just as worthless as the Saddam Swiss dinar? Wasn't that changeover the best opportunity Washington had to wipe out past inflation and start with a new slate? Isn't that why currency changes are usually made? Yes, it was wartime, but that consideration must have been thought through at the time.
What is the relationship between the electronic currency (M2/1?) and physical dinar in this case? Could it be much of it was (and is still counted today) as electronic to cloak the real value of the new IQD, while keeping the physical amount of dinar much smaller? The low program rate of 1166 may also be part of this cloaking.
It just doesn't make sense that the currency change to the IQD would continue the hyperinflation mistakes of the past. I think there is a good chance this "zeros" thing is a ruse to prevent the obvious market problems that would arise, and they will raise the dinar's rate, by decree, float or whatever, when they get their international parameters (banking, Qi cards, UN chapter requirements, WTO, etc) in a row.
Just a thought.