Member of Finance Committee: the application of the deletion of zeros depends on political and economic stability in the country

[Realdinar]

3 zeros of the currency banknotes

Do they got an eraser?

[alan_coaks_3]

when currency RD there exchange rate will either be 1 million to 1 or 1000 to 1 or 100 to 1 or 10 to 1

and an articals that have been coming out have been saying they want to bring the dinar exchange rate down to 1000 to 1 in the next 6 months. here it is http://bit.ly/MLKwsO

the central bank governor has promised to reduce the exchange rate of the dollar against the dinar after 6 months from now to make one U.S. dollar is equivalent to (1000) dinars.

[sonny1]

why would they need political stability if they were to go neutral?

cat is sticking his head out of the bag.

the loppers don't get the magnitude of whats actually happening

[unirod]

why would they need political stability if they were to go neutral?

cat is sticking his head out of the bag.

the loppers don't get the magnitude of whats actually happening

sonny1,

that is some of the best reasoning I've heard in a long time.

Thanks Brother!

[alan_coaks_3]

Redenomination can sometimes reduce inflationary tendencies in an economy if the underlying causes of chronic or hyperinflation and low valued local currency are resolved before the redenomination exercise and if the process is well managed. This is why re-denomination should be implemented in the latter stages of an economic stabilization package or reform. Historical evidence suggests that redenomination had been very successful in an environment of macroeconomic stability, declining inflation, stable exchange rates, fiscal restraint and prudence and rational expectations of policy credibility.

[keepmwlknfny]

Redenomination can sometimes reduce inflationary tendencies in an economy if the underlying causes of chronic or hyperinflation and low valued local currency are resolved before the redenomination exercise and if the process is well managed. This is why re-denomination should be implemented in the latter stages of an economic stabilization package or reform. Historical evidence suggests that redenomination had been very successful in an environment of macroeconomic stability, declining inflation, stable exchange rates, fiscal restraint and prudence and rational expectations of policy credibility.

Yep.....