Frank26

  In FRANK26

Article after article after article in the last 5 days, actually even more, telling us that they’re going to raise the value of their currency… Article ” Iraq: the government is compelled to “delete the zeros” from the dinar currency…more than “3 scenarios” are expected that will affect salaries and living” the translation IMO is trying to tell you that they have 3 zeros that they’re going to lift from their exchange rate…they decided on one option…  quote “the government is now obliged to reduce the value of the Iraqi dinar against the dollar…without printing more and thus preserving the currency from collapsing.”  Without printing more…when you remove the 3 zeros you’re left with about a dollar…and you didn’t print any new currency because you got the new small category notes already in the banks ready to come out.  When they come out with the new exchange rate this is all calculated to be 1 to 1 with the American dollar.