Pimpy

Pimpy – Dinar Guru  The Iraqi central bank wants to remove the zeros off the Iraqi dinar.  We spoke about this at least 5 billion times…They’re talking about the removal of the zeros, the deletion of the zeros.  He’s talking about a redenomination…A 1,000 dinar note becomes a 1 dinar note.  Get it?  Deletion of the zeros.  Removing the zeros only affects the nominal value not the actual value. “Nominal” is the way the bank note looks.  So instead of it being 1,000 dinars, it’s a 1 dinar.  That’s the only value that changes.  Not the actual exchange value.  That will remain the same.  [Post 1 of 2….stay tuned]

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