does anyone have a clue on effect removing 0's from dinars have. If you take 25m to exchange window is that changed to 25 dinars for exchange, If so then exchange is a losing situation. Then is the loss a capital loss or ordinary loss for your tax return.
Captax
remember the rate 11-1 probably reflects the fact your dinar is without 3 zeros. so 25 dinar currency is work on exchange $275 us. a long way from what we expected
captax
maybe he is right- take a 25000 dinar and delete zeros you have 25 dinars - if the exchange rate is 1.20 us to 1 dinar-you get 30.00 dollars- I bet most holders paid more than $ 30 for the 25000 dinar
james
i have a question: if iraq deletes 3 zero, what is the dinar worth? a 25000 dinar is now a 25 dinar what would be the exchange rate be over $30.00 per dinar to break even.
jimbo