Ariel
@Prolotario1
Deletion Of 3 Zeros Project: Iraqi Dinar
My Hypothetical Analysis Since It Hasn’t Happened Yet
The Central Bank describes it as a currency redenomination, a technical reform designed to simplify accounting transactions, reduce the number of banknotes in circulation, and modernize the cash system.
It doesn’t make a financial difference for Iraqis like it would those living abroad like America. The current mid-market exchange rate is 1 IQD = 0.0007634 USD. We are trying to get it to 0.76.
Which is removing the what? 3 zeros correct? Which means if you hold 100k IQD and the rate comes out at 0.76. You will exchange and get a ROI that will yield 76,000 dollars. Understand now?
You want 3 zeros behind a single digit number. Because that determines how much you are gaining. Not losing.
5000.00
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10000.00
20000.00
The more zeros you have in front of a number. The less money and value you have.
0.0007
0.0008
0.0009
This is called the program rate in Iraq. Which is 0.00076.
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Remove the 3 zeros and you have 0.76 cents at almost a dollar which is pretty good if Iraq comes out at 0.76 cents and go up from there.
Now turn that 0.76 to 1:1-3:1-4:1 and so on and so forth.
What do you have?
100k (IQD)
200K (IQD)
300k (IQD)
400k (IQD)
500k (IQD)
I always said how much you have determines how much you will get back once you exchange.
100k (IQD) at 0.76 rate on the Forex will be 76,000 in (USD).
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200k (IQD) at 0.76 rate on the Forex is 152,000 in (USD).
300k (IQD) at 0.76 rate on the Forex is 228,000 in (USD).
This is really simple to understand.
Elementary school taught us that the more zeros in front of a number the less value it has. 0.76 last up until you hit a new denomination at 100.00. Then zeros proceed to be behind that specific triple digit.
Now you know how the Iraqi Dinar will have purchasing power once the 3 zeros are removed from in front the number.
76 & 100 are 2 different denominations people. One is more the other is less. But if you put too many zeros in front of them they hold no value until it is removed. Hence the “Deletion Of The 3 Zeros Project”.
Are we clear?
Source(s):
https://x.com/Prolotario1/status/1998200150775275708
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