InvestorsHub Logo
Followers 2
Posts 1353
Boards Moderated 0
Alias Born 10/16/2006

Re: nlightn post# 4934

Wednesday, 03/07/2007 10:12:03 PM

Wednesday, March 07, 2007 10:12:03 PM

Post# of 29692
I wasn’t saying they would lose value.
My example of a 25000 note being exchanged for a 25 note also comes with a new exchange rate.
Just for an example… say the exchange rate is 1000:1... That is the exchange rate for the current notes. If they zero lop/reissue the new notes would have an exchange rate of 1:1. The old 25000 note would have the same exact value as the new 25 note.
Oh yeah… When the Minister of Finance suggested the zero lop months ago it was also stated the IMF and World Bank had approved the plan.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.