Here’s the article every one is loosing their shit over Article: “The Iraqi dinar without zeros: The Central Bank of Iraq launches a historic reform” Usually I come in and pee on your Wheaties but that’s not the case this time…The crazy thing is…it sounds like they’re going to do this soon. We’re gonna have to be very very alert…because we’re not sure how they’re going to handle overseas currencies. Once Iraq is on Forex does that mean we can then come into the bank? …Quote: “This ambitious project aims to rename the Iraqi dinar by removing three zeros from its NOMINAL value…” So we’re not confused, see the 25,000 on the Iraqi dinar [note]? That is called the nominal value…That has nothing to do with the exchange [rate]… The exchange rate has nothing to do with NOMINAL value. Two different things. Article quote: “The phrase removing zeros…is a recalibration of the currency’s NOMINAL value.” [Post 1 of 2….stay tuned]
