Friday, October 4, 2024

REMOVE ZEROS IT'S NOT TO DIMINISH THE VALUE OF THE CURRENCY BY MILITIAMAN, 4 OCT

 Militia Man 

 ...Remove the zeros...it's not to diminish the value of the currency or to keep the currency the same as you might hear from others.

 They're talking about international.  I can't stress that enough...They're going to need an Article VIII complaint, Article XIV compliant currency with the IMF.  They're going to have to agree to those obligation and that would mean a change of exchange rate to a Real Effective Exchange Rate.  

 If you do the math on it, if you drop the three zeros from the exchange rate of the nominal value of the currency.  If the exchange rate is $1 divided by 1310 gets you .0007643 or real close, which is far less than a penny.  If you drop the three zeros off the exchange rate you've done a big service.  You've created value to that currency because if you drop three zeros from the exchange rate that is .76...They can then add the Real Effective Exchange Rate based off the non-oil revenue streams...

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