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Deleting the Zeroes

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Dinar Daily :: THE FAMILY ROOM :: GENERAL DISCUSSION

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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.

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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.
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Deleting the Zeroes Empty Re: Deleting the Zeroes

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


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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!

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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!

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Dinar Daily :: THE FAMILY ROOM :: GENERAL DISCUSSION

 
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