Pimpy   [Post 1 of 2…..]

A lot of you are asking me…how does the deletion of the zeros affect the stocks over there in Iraq…I know we were told that the deletion of the zeros comes off the exchange rate, which is wrong.  It actually comes off of their currency, their bank notes.  It’s called a redenomination…Since 2013 they’ve been talking about the deletion of the zeros off the currency.  They put the zeros on when inflation is really high…Now that their inflation has been kept in check for quite a while they’re talking  about removing the zeros off the currency.  No where in there does it say the exchange rate.  It says the change does not affect the currency’s value against other currencies.  Instead it simplifies transactions and improves the economy’s overall efficiency.