Iraqi Dinar Discussion Board

[Aerospace]

There were articles written about the Minister of Finance's statements. They all interpreted it as a zero lop from the currency. A new currency issued. Turn in your 25Ks for a 25 and so on. There have been no articles written interpreting it as a 120,000% increase in value.
Also... do you really think the CBI representative or the MOF would so casually talk about a 120,000% increase in value... or does that sound like he/they might be talking about something that other countries have done 70 times in recent history which is to lop zeros? Not a big deal at all.

The simple truth is there is no way what so ever that Iraq could change the rate to anywhere near 1:1 with this currennt currency and a M2/money supply number of 26 Trillion.