Entry Submitted by David Harkness at 6:03 AM EDT on October 14, 2021
I would like to keep this very simple.
It’s the Fed Reserve who are to remove 3 zeros on the USD side.
See the attached quoted price for Vietnamese Dong it says 1000 Dong is 43c USD.
So when the Fed Reserve remove 3 zeros 1Dong will equal 0.43c usd or 100.000 Dong usd 43.,000 usd before fees being a large buy sell margin as can be seen in this photo you can find on the JP Morgan web site.
Kind regards David Harkness
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