3-22-2013 *Adam Montana

[Vixen]

3-22-2013 *Adam Montana ~[As the VALUE of the currency rises then a problem also arises. If I borrowed 25000 dinars (worth $21) and the VALUE of the dinar rises to $1 per dinar, then do I owe you $25000?] Here's what we expect: if the value of your bank account is 25,000 IQD today, and tomorrow the value of a single IQD goes up - your bank account should not change the number. You will hopefully be blessed with the benefit of a higher value account. Similarly, if you have a debit with a specific number on it, such as 25,000, that will not change - you will still owe 25,000. Now the part that really confuses people is the value of OTHER things such as oil. if a barrel of oil is currently worth 100,000 IQD and the value of the single IQD is raised that will NOT raise the value of the barrel of oil, therefore the numerical price tag on the barrel of oil will be changed...so a barrel of oil will not be sold for 100,000 IQD - it will be sold for 100.