MARKZ: DISCUSSION ABOUT THE PROJECT DELETE ZEROS IN IRAQ, 19 NOV

 DISCUSSION ABOUT THE PROJECT DELETE ZEROS IN IRAQ

MZ: In Iraq: “ Al Sayoud : A gathering of generations and political blocs will adopt a project from which a national government will emerge capable of crossing the country to safety” If you follow the theme of the articles in Iraq this weekend. They are making all the necessary moves to move into a new era in Iraq…..They are talking about how great and hopeful it is. 

MZ: Then there is a great discussion in Iraq about “The Deletion of zeros and the evaluation of the dinar”  He talks about how the delete the zeros works and how it can increase the value!!!. Here is an example they used to try to keep it really simple   

MZ: For example, suppose a foreign government has set 10 units of its currency to equal one US dollar. To revalue its currency, the government might change the rate to 5 units per dollar, making its currency twice as expensive when valued in US dollars as it was before. If the above-mentioned currency revaluation occurs, any assets held by a U.S. corporation in the foreign economy must be revalued. If the value of the asset held in a foreign currency was previously valued at $100,000 based on the old exchange rate, the revaluation requires a change of $200,000. This change reflects the new value of the foreign asset in the local currency by adjusting the revaluation of the relevant currency.

MZ: the project to delete the zeros is to raise the value. Thus needing lower denomination bills. They are spelling it out for us.