Latest topics
Deleting the Zeroes
3 posters
Page 1 of 1
Deleting the Zeroes
I'm sure this has been discussed at length, but could someone please explain deleting the zeroes? Are there any articles that explains this please? I realize this isn't what people think it is, but I need help explaining it to a family member that invested. Thanks in advance.
Dinarhater- New Member
- Posts : 12
Join date : 2020-12-09
Re: Deleting the Zeroes
During times of hyperinflation, a country will start adding zeros to the currency. In a textbook situation, they take zeros away as the economy improves. However, in most cases, they just print a new series of currency. Ecuador and El Salvador dropped their currencies entirely and started using the US dollar to curb inflation.
Additionally, countries that have low wages , low industry, and need to export, keep their currencies very low for trade, like Vietnam.
Additionally, countries that have low wages , low industry, and need to export, keep their currencies very low for trade, like Vietnam.
Mission1st- VIP Member
- Posts : 539
Join date : 2016-07-22
Age : 66
Location : Texas
Dinarhater likes this post
Re: Deleting the Zeroes
Deleting the Zeros 1
Deleting the Zeros 2
Deleting the Zeros 2
*****************
Busting Gurus Since 2011
Dinarhater likes this post
Re: Deleting the Zeroes
Sam I Am wrote:Deleting the Zeros 1
Deleting the Zeros 2
Thank you so much! This is extremely helpful!
Dinarhater- New Member
- Posts : 12
Join date : 2020-12-09
Re: Deleting the Zeroes
Mission1st wrote:During times of hyperinflation, a country will start adding zeros to the currency. In a textbook situation, they take zeros away as the economy improves. However, in most cases, they just print a new series of currency. Ecuador and El Salvador dropped their currencies entirely and started using the US dollar to curb inflation.
Additionally, countries that have low wages , low industry, and need to export, keep their currencies very low for trade, like Vietnam.
Thank you!
Dinarhater- New Member
- Posts : 12
Join date : 2020-12-09
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Yesterday at 5:03 pm by kenlej
» Go Russia
Sun May 05, 2024 11:37 am by kenlej
» Go Russia
Sun May 05, 2024 10:51 am by kenlej
» Textbook Tony
Mon Apr 29, 2024 4:13 pm by Mission1st
» The Rockefellers and the controllers are freaking out right about now
Fri Apr 26, 2024 11:16 am by kenlej
» Phony Tony sez: Full Steam Ahead!
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej