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<p>[QUOTE="Conder101, post: 1595469, member: 66"]Did you see the second sentence in the next to the last paragraph where I said new coins and currency would have to be ready before the conversion date? On conversion day the new currency becomes valid, and the old can either be exchanged or it might be allowed to circulate, at 10% of its old value if you chop one zero, or 1% if you chop two. So the $10,000 you are sitting on doesn't become $1,000,000, if you try and spend it it becomes $1000 or $100 depending on how many zeros we are dropping..</p><p><br /></p><p>Old currency could probably still circulate (although it would most likely be exchanged rapidly for convenience sake.) Old coins would probably be more of a problem because you are not likely to get vending machines to accept both types, and the values of the old coins would drop so much they would become a pain to handle. Exchange once again would either take place quickly or they would just disappear into hoards. </p><p><br /></p><p><br /></p><p>As would a change of the dollar. Inflation has reduced the value of the dollar to roughly 1% of what it was a hundred years ago.</p><p><br /></p><p><br /></p><p>An exchange of Francs for euros at some given rate, an exchange of dollars for new dollars at a rate of ten or a hundred to one. I don't see a difference Same as when the Mexican Peso was exchanged for the New Peso at 1000 to one, and then after a few years they drop the word "New". After a few years we drop the word new and they are just dollars</p><p><br /></p><p><br /></p><p><br /></p><p>Actually it does, because you can keep the composition the same, change the size a little to make the new cent and new five cent distinguishable from the and the new cent coin has the purchasing power of the old dollar, the face value of N$0.01 and the cost of N$0.0002[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1595469, member: 66"]Did you see the second sentence in the next to the last paragraph where I said new coins and currency would have to be ready before the conversion date? On conversion day the new currency becomes valid, and the old can either be exchanged or it might be allowed to circulate, at 10% of its old value if you chop one zero, or 1% if you chop two. So the $10,000 you are sitting on doesn't become $1,000,000, if you try and spend it it becomes $1000 or $100 depending on how many zeros we are dropping.. Old currency could probably still circulate (although it would most likely be exchanged rapidly for convenience sake.) Old coins would probably be more of a problem because you are not likely to get vending machines to accept both types, and the values of the old coins would drop so much they would become a pain to handle. Exchange once again would either take place quickly or they would just disappear into hoards. As would a change of the dollar. Inflation has reduced the value of the dollar to roughly 1% of what it was a hundred years ago. An exchange of Francs for euros at some given rate, an exchange of dollars for new dollars at a rate of ten or a hundred to one. I don't see a difference Same as when the Mexican Peso was exchanged for the New Peso at 1000 to one, and then after a few years they drop the word "New". After a few years we drop the word new and they are just dollars Actually it does, because you can keep the composition the same, change the size a little to make the new cent and new five cent distinguishable from the and the new cent coin has the purchasing power of the old dollar, the face value of N$0.01 and the cost of N$0.0002[/QUOTE]
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