Hello. A good friend of mine has started buying physical dinar from dinar dealers here in the united states. He has said that the current value of the Dinar is pegged to the united states dollar and trades for about 1100 dinars for every dollar.
Now he has said that if/when the central bank decides to issue single-digit dinars and revalue the dinar to a 1:1 to the dollar, then what happens to the value of the physical dinars he has bought? Does, say a million dinars suddenly become worth a million dollars?
IDFK what is going on. Seems plausible on its face to me. Can you tell me what's up?