Scenario that has been bothering me

[DinarAvatar]

Imagine there are 3 people; "Person A", "Person B" and "Person C."  "Person A" is an American with a 25000 dinar note 

in his pocket.  "Person B" is an Iraqi citizen with a 25000 dinar note in an Iraqi bank.  "Person C" is an American with

a 25000 dinar note in Warka Bank.

 

The Iraqi Dinar revalues at 1 to 1 with the US dollar.  Person A would take his 25k dinar to an American Bank and get $25,000.

"Person B" would now have 25 dinar in the bank but it has greater purchasing power in Iraq.  I think "Person C" would also have

25 dinar in Warka.  And when he withdrew it to America he would have $25.  Am I right on this or am I missing something?

 

[NMP2017]

person c would still have $25,000 iqd because they never exchanged anything...neither b or c have physical "bank notes" in the bank, their balance doesn't change cause they haven't exchanged anything

[DinarAvatar]

I can't know but I do think they drop the zeros from the bank account balances internally.  They drop the zeros from the prices internally.  They drop the zeros from the salaries internally.  I think that is why they have to educate the people that they would be exchanging a 25k note for a new 25 note but still having more buying power. 

 

Right now a 25k note has the buying power of $20.  After a reval, the 25k would become a 25 note with the buying power of $25 inside Iraq.  Outside the country the 25k would become $25,000.  The people inside the country would benefit but not become millionaires.  

[6ly410]

yea how would that all look like after the RV?  1 million dinar still 1 million dinar in Warka bank account? 

[screwball]

⏰

[NMP2017]

Sounds like you are talking about a LOP and not a RV....

[6ly410]

no lop - can’t wait to see my bank account again in Warka 

[6ly410]

G O  R V - WARKA 💥