Pimpy

Article quote: “Drop the zeros…currency denominations will be adjusted accordingly.  Instead of expressing figures in billions they would be expressed in million. The objective of this move is to preserve the value of the Iraqi dinar…It also intends to revalue the exchange rate.”  Do you hear that?  Revalue the exchange rate…They go hand in hand.  The first thing they’re going to do is drop the zeros.  We don’t want them to.  Cross your fingers that they don’t.  So your [25,000] Iraqi dinars, once they drop the zeros, is going to look like this [25]…They’re going to change the exchange rate.  We have no idea what the exchange rate is going to be.  Let’s say it’s $1.50 [and you have 5 million dinar]…that means you’re going to get a little over $5,000 worth of value.  Not exactly what we’re hoping for…You’ll at least make some money back.  Of course this doesn’t make me very popular amongst the dinar community…Pimpy  [Stay tuned to dinar guru as the other gurus chime in with their perspective on what Drop the Zeros mean for your dinar.]