Frank26 .
[New Iraqi Dinar 3-zeros Video Review shown below in Frank26's post 3-17-2024]
A 50,000 note, they showed you a picture...and then they took a magic marker and they crossed off the 3-zeros on the 50k note...that was a little misleading...Many people saw...the 3-zeros disappear from the currency and they thought I'm going to be left with a 50 note. I just lost a lot of money.
No...They're not going to take your 50K note and cut the zeros out... .00076 | 1320 - These represent the exchange value of the Iraq dinar. .00076 is used by Forex to reflect the 1320 that is on the CBI website..
It is my hope that the next step of the monetary reform will remove 3-zeros from the exchange rate that Forex is using...After we have lifted the 3 zeros the next step is it goes into a float...as an RI...Then it goes into a re-denomination.
It means you got rid of those 3-zero notes... The exchange rate just changed, you now need...the smaller notes because the exchange rate just got really big. Right now the Iraqi notes are big with a lot of zeros because the exchange rate is tiny. But it is about to flip. By removing the 3 zeros from the exchange rate of .00076 you add value to the currency.
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