When I talk about lopping off the zeros, they’re talking about take it off the nominal rate [the numbers on the notes]… They’re not losing any purchasing power. 25,000 times the currency exchange rate .00076 equals $19. If you take the zeros off, and that includes the exchange rate, 25 times .76 is still $19. They haven’t lost any purchasing power whatsoever. The only thing that’s changed is the nominal value. The [numbers] on the currency is called a nominal value…They still have purchasing power whether it’s a 25 dinar or 25,000 dinar…because they take the 3 zeros off the currency and it comes off the exchange rate. That’s how they maintain their value.
