I WANT TO TALK ABOUT HOW A CURRENCY REDENOMINATES. HERE FROM THE IMF…”On occasion, a country must introduce a new currency. Turkmenistan..decided in 2008 to undertake a currency reform. A major gap between the official exchange rate and the informal or market-rate meant that Turkmenistan’s price system had become complex and inefficient.” [NOTE: Other gurus say the Iraqi Dinar “gap” is less than 2% and within the IMF’s guidelines] “Hyperinflation and exchange rate collapse slash the value of a national currency, forcing the issuance of banknotes in ever higher denominations.” [NOTE: Other gurus say Iraq’s inflation has been under control for 10 years and there is no hyperinflation ] …”In itself, a redenomination makes no one richer or poorer…” I JUST WANT YOU TO UNDERSTAND THAT THERE WAS NO MONEY TO MADE WHEN TURKMENISTAN REDENOMINATED.
Article: “Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies” …IT SAYS THAT THEY ARE GOING TO DELETE ZEROS (CUT, REMOVE, LOP) FROM THE CURRENCY. THEN THEY ARE GOING TO INTRODUCE NEW CURRENCY EITHER COINS OR PAPER AND THEY ARE GOING TO RAISE THE VALUE AGAINST THE DOLLAR. BASICALLY, THEY ARE GOING TO DO EXACTLY WHAT TURKMENASTAN DID… PREPARE YOURSELVES FOR IRAQ TO DO THE EXACT SAME THING AS EVERY OTHER COUNTRY THAT DROPPED ZERO’S. THINGS ARE NOT GOING TO GO WELL FOR THE MASSES.