Pimpy

Pimpy – Dinar Guru  I would call it a devalue because they’re not devaluing.  All they’re doing is changing the way the bank notes look.  So instead of 25,000 dinar, you now have 25 dinar.  That’s the nominal value.  That’s just the way the note looks…It’s not being devalued, it’s still the same…Right now the exchange rate on 25,000 dinar is .00076…you get $19.  When they delete the 3 zeros off the bank notes…they’re going to take the 3 zeros off the exchange rate.  So now it’s going to be 25 x .76 which comes out to $19.  The value of the dinar stays the same.  The bank note, the nominal value, is the thing that’s going to change. [Post 2 of 2]

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