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Aerospace

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Aerospace

Re: None

Monday, 03/15/2010 3:00:46 PM

Monday, March 15, 2010 3:00:46 PM

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Can't get much clearer.

http://articlesofinterest-kelley.blogspot.com/2010/03/iraq-central-bank-plans-to-rebase-dinar.html

If the rebase decision is taken it means a current 25,000 Iraqi dinar banknote will become IQD25, and a dollar will equal only 1.17 dinars.

Currency rebasings are usually monetarily neutral and are introduced to make commercial calculations easier and cheaper. Turkey, for example, knocked six zeroes off its lira currency in 2005. Russia did the same for its currency.

Again... same as Turkey and Russia... NOTHING NOVEL HERE.
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