Monday, April 22, 2024

"RV UPDATE" BY PIMPY, 22 APRIL

  Pimpy 

 Question:  "What are the proper notes to hold for investment purposes?

 Any of the currency is okay to hold at the moment so there's no specific denomination.  If they do delete the zeros or they re-denominate they're going to have whole new currencies.  

That's why there's no rush to try to find lower denominations because they're going to replace all of them including the lower ones.  But there is a possibility that they don't re-denominate and we get lucky and they change the exchange rate and keep the zeros on the currency.

 Article:  "Parliament's finance advises raising exchange rates again.  Money about oil revenues?"

  They are talking about changing the exchange rate to 1500 for every dollar.  That's the wrong direction.  We don't want that to happen...I know the news is frustrating but that's what they were talking about...It's the same thing they talked about in December.  So don't be surprised.  Let's hope it goes in the other direction.

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