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Re: dinardog123 post# 234

Saturday, 02/20/2010 12:14:45 PM

Saturday, February 20, 2010 12:14:45 PM

Post# of 607
They have announced a Redenomination and are going to remove 3 zeros.
A redenomination means there will be a NEW currency. They have said there will be a new currency with lower denominations. You will have to give 1000 current dinars to get 1 of the new dinars. That's the remove 3 zeros part.
This is exactly the same thing as a reverse split in stocks.
You are buying a currency that will have to be exchanged soon, and the only people who MIGHT exchange it for you are the dealers. And they are going to charge you a big % of your money to do it.

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