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sandyf: "The correct terms are Redenomination or Re-basing the currency" 8/28/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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sandyf: "The correct terms are Redenomination or Re-basing the currency" 8/28/19

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sandyf: "The correct terms are Redenomination or Re-basing the currency" 8/28/19 Empty sandyf: "The correct terms are Redenomination or Re-basing the currency" 8/28/19

Post by RamblerNash on Wed Aug 28, 2019 10:43 pm

sandyf  

[Has anyone in here seen an article or source from the CBI or government stated that Iraq may LOP the currency?]  There is no such thing as a "LOP" so there never would be any articles. The correct terms are Redenomination or Re-basing the currency, there have been many articles from both CBI and government sources to say that was the plan.  ...In a Redenomination the old currency IQD at 1190/USD would be replaced by a new currency, possibly IQR, at 1.190/USD, deleting 3 zeros. The monetary unit(Dinar) would be revalued from 1190/USD to 1.190/USD which would be an increase in the value of the Dinar against the dollar and lead to an increase in purchasing power.


8/28/19
RamblerNash
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