MarkZ Post 2 of 2

[via PDK]  The removal of the large 3 zero bills from the market…Say that you have a 25,000 note. Example… say the rate is $1.00 (for illustration purposes) and one dinar equals one US dollar. Suddenly that $25K note is worth $25,000 thousand US dollars. Now it’s too big for day to day commerce…So they will give you a period of time when these bills are accepted…you turn them in and get the new lower denomination notes that will be usable in day to day commerce…it does not mean they chop off the zeros and that note is now only worth $25 dollars. That is not how it works…   [post 2 of 2]