Jeff

Jeff – Dinar Guru   Redenominating only impacts the citizens in Iraq…In country a 25,000 note becomes 25.  In Iraq, purchasing power remains the same….A new smaller 25 note will buy the same bag of groceries after the rate changes as the 25k note before the rate change…Outside the country…the two currencies will coexist…[A single dinar] is going to be at the same value.  Let’s say the dollar value is $3.00…If you have a 25,000 note…it’s worth $75,000.  If you have a 25 note…it’s $75. 

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