Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Iraq's PM talks to CNN about the future of his country's relationship with the U.S.
Deleting the Zeroes I_icon_minitimeSat Sep 23, 2023 11:24 am by GirlBye

» Bank Story #425
Deleting the Zeroes I_icon_minitimeFri Sep 22, 2023 5:48 pm by GirlBye

» Iraq Discusses Natural Gas Investments With U.S. Firms
Deleting the Zeroes I_icon_minitimeFri Sep 22, 2023 5:40 pm by GirlBye

» A Deeper Dive into Effects and Benefits of Cannabis
Deleting the Zeroes I_icon_minitimeWed Sep 13, 2023 3:15 am by hazeljohn

» Iraqi Dinar Scam?
Deleting the Zeroes I_icon_minitimeMon Sep 04, 2023 9:25 pm by RamblerNash

» Currency revaluation scams have found a new home on Etsy
Deleting the Zeroes I_icon_minitimeMon Sep 04, 2023 9:14 pm by RamblerNash

» Melanie Hinds ADMITS to STEALING From a BANK! 9/1/23
Deleting the Zeroes I_icon_minitimeSat Sep 02, 2023 3:31 pm by Ssmith

» The Fundamentals of Finance Dinar Scam Video
Deleting the Zeroes I_icon_minitimeFri Sep 01, 2023 8:47 pm by Ssmith

» I have some sad news...PurpleSkyz has passed
Deleting the Zeroes I_icon_minitimeThu Aug 31, 2023 12:59 pm by Zig

» Legal Translation Dubai
Deleting the Zeroes I_icon_minitimeThu Aug 31, 2023 3:37 am by CLT2020

» Time Tested Tony
Deleting the Zeroes I_icon_minitimeThu Aug 24, 2023 3:15 pm by Mission1st

» Oh Ye of Little Faith
Deleting the Zeroes I_icon_minitimeWed Aug 23, 2023 11:03 pm by Kevind53

» Delta 8 hemp flower
Deleting the Zeroes I_icon_minitimeWed Aug 23, 2023 6:03 am by emmanoah

» CBD Vape Cartridges
Deleting the Zeroes I_icon_minitimeTue Aug 22, 2023 1:34 am by hazeljohn

» The Death Of The Iraqi Economist, Sinan Al-Shabibi
Deleting the Zeroes I_icon_minitimeMon Aug 07, 2023 4:09 am by Rickuda

» A DEATH AT 22
Deleting the Zeroes I_icon_minitimeMon Aug 07, 2023 4:08 am by Rickuda

» Noah's Ark
Deleting the Zeroes I_icon_minitimeWed Aug 02, 2023 7:44 am by Zig

» Follow the clicks
Deleting the Zeroes I_icon_minitimeThu Jul 27, 2023 11:19 am by Mission1st

» Everyone’s Talking About Currencies: 21 Points
Deleting the Zeroes I_icon_minitimeMon Jul 24, 2023 2:01 pm by Purpleskyz

» DRAMA In DINARLAND! Melanie vs. Nader! 7/14/23
Deleting the Zeroes I_icon_minitimeMon Jul 17, 2023 5:58 pm by Ssmith

Deleting the Zeroes

3 posters

Go down

Deleting the Zeroes Empty Deleting the Zeroes

Post by Dinarhater Tue Jan 25, 2022 9:55 am

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
New Member

Posts : 5
Join date : 2020-12-09

Back to top Go down

Deleting the Zeroes Empty Re: Deleting the Zeroes

Post by Mission1st Tue Jan 25, 2022 11:14 am

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.
Mission1st
Mission1st
VIP Member
VIP Member

Posts : 521
Join date : 2016-07-22
Age : 65
Location : Texas

Dinarhater likes this post

Back to top Go down

Deleting the Zeroes Empty Re: Deleting the Zeroes

Post by Sam I Am Tue Jan 25, 2022 4:15 pm


*****************
Busting Gurus Since 2011

Sam I Am
Sam I Am
GURU HUNTER
GURU HUNTER

Posts : 1762
Join date : 2016-01-21

http://www.jewandgreek.com

Dinarhater likes this post

Back to top Go down

Deleting the Zeroes Empty Re: Deleting the Zeroes

Post by Dinarhater Tue Jan 25, 2022 4:27 pm


Thank you so much!  This is extremely helpful!

Dinarhater
New Member
New Member

Posts : 5
Join date : 2020-12-09

Back to top Go down

Deleting the Zeroes Empty Re: Deleting the Zeroes

Post by Dinarhater Tue Jan 25, 2022 4:28 pm

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
New Member

Posts : 5
Join date : 2020-12-09

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum