Jeff

When they said the rate is going to be 1 to 1, they’re not telling you the value is going to be a dollar…They will never tell you what the exchange rate is going to be.  1 to 1 means the purchase power before the rate changes is going to be the same after the rate changes.  Before the rate changes a 25,000 dinar note will have the same purchase power as a 25 note after the rate changes…The exchange rate against the dollar is your multiplier.  Let’s say after the rate changes the new exchange rate is $3.00 for easy math…After the rate changes since all the currency has a value of $3…25,000 note times $3.00 would be worth $75,000 and after the rate changes a 25 note is worth $75.  It’s that simple.