Walkingstick

[via Frank26]  Question “What is the exchange rate of the dinar?”  It depends…the exchange rate of the Iraqi dinar in county is 1460 but the Iraqi dinar is actually outside of the country right now in many of the exchange markets…Forex uses a decimal system…the rate of the Iraqi dinar outside of Iraq and it’s used in international trade is .000859 whatever it is now.  They deal in decimal points commonly called Phils…when you ask what is the exchange rate of the Iraqi dinar it’s the way it is depicted.  One is depicted with a decimal point – external outside of Iraq .  And the other is in country and that’s 1460.