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MarkZ: "So they change the value and release the lower denomination bills without all the zeros on it…this is exactly what they did in Kuwait" (Mark Did A Big Whoopsie! Kuwait Never Had All The Zeros On It! LOL) 10/27/21 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

MarkZ: "So they change the value and release the lower denomination bills without all the zeros on it…this is exactly what they did in Kuwait" (Mark Did A Big Whoopsie! Kuwait Never Had All The Zeros On It! LOL) 10/27/21

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MarkZ: "So they change the value and release the lower denomination bills without all the zeros on it…this is exactly what they did in Kuwait" (Mark Did A Big Whoopsie! Kuwait Never Had All The Zeros On It! LOL) 10/27/21 Empty MarkZ: "So they change the value and release the lower denomination bills without all the zeros on it…this is exactly what they did in Kuwait" (Mark Did A Big Whoopsie! Kuwait Never Had All The Zeros On It! LOL) 10/27/21

Post by RamblerNash Thu Oct 28, 2021 9:52 pm

MarkZ  

[via PDK]  I want to address the losing the 6 zeros in Iraq and Vietnam.  Remember before they devalued these currencies…those currencies had a much higher value. They devalued them so they would be cumbersome, not easy to work with. This was their way of sanctioning them financially. So what they do when they fix them is they don’t just chop off 6 zeros. They revalue it and then they print new bills that are lower denominations. They no longer need the larger notes.

When they revalue the Iraqi dinar and you have 25k note (example to make the math easy). Say its $4 (example) …Say they used to use one note to buy a loaf of bread and now it’s worth  maybe 25 grand or 100 grand…how would they make change for these?  So they change the value and release the lower denomination bills without all the zeros on it…this is exactly what they did in Kuwait …Iraq has done this 3 times over the last hundred years. This is the same thing they did in Japan after world war 2 and the same thing they did in Germany after World War 1 and 2…there are many examples of how they handle this throughout history.
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