The CBI deputy governor said today…redenomination and revaluation…They gave us two big steps…Step #1: Redenomination…they gave us four categories for this. 1. The redenomination phase removes the three zeros from circulation from currency. 2. Technical and administrative cleanup. 3. New notes issued, old notes retired. 4. Zero change in the USD purchasing power. It labels change but value does not change. Step #2: Revaluation. 1. The CBI raises the official exchange rate. 2. This produces a real gain in the United States dollar terms. 3. This is the event holders are positioned for. :Omar
