Confused about revaluation
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Thread: Confused about revaluation

  1. #1

    Confused about revaluation


    I'm confused on how the RV would work economically.

    For example: Iraq is selling a widget for US $1.00 each. After the RV, say US $3.00 per dinar. How much would that widget be worth? Would someone then pay one dinar for the widget and it would be worth US $3.00 or would the widget be worth .33 dinar (ie: value of oil would increase or stay the same)?

    I hope you understand my question and any help would be appreciated. Thank You.
    Last edited by logicfirst; 07-03-2014 at 02:29 AM.

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