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Scott Nelson asks about deleting the zero's and float DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Scott Nelson asks about deleting the zero's and float

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Scott Nelson asks about deleting the zero's and float Empty Scott Nelson asks about deleting the zero's and float

Post by Ponee on Thu Jun 14, 2018 8:52 pm

Scott Nelson


If there is an elimination of zero's and I have 250,000 in dinar will my exchange if 3 zero's be eliminated be 250 x 1.00 of so something else? wouldn't the elimination 3 zero's put at about the same amout i purchsed 250,000 for I've esseentialy made nothing. and would need it to float?

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Scott Nelson asks about deleting the zero's and float Empty Re: Scott Nelson asks about deleting the zero's and float

Post by Sam I Am on Fri Jun 15, 2018 2:39 am

Scott, if you're reading this the removal of three zeros would be a redenomination. It wouldn't affect the value of your dinar for awhile, but eventually the IQD would be demonetized so you would either have to exchange it for the replacement currency or convert it back to USD in order to keep from losing everything you spent on dinar. This is just one of many reasons the IQD is a lousy "investment". There's virtually no upside and a devastating potential downside.

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