platelunch

Question. Article says the money supply will be brought down from 30 trillion to 30 billion BY deleting zeros from currency. If it were to RV wouldnt the CBI be bringing down the money supply through auctions which sets existing currency up to absorb full value for an RV? If they are waiting for the deletion of zeros to bring it down to 30 billion sounds like the L-word. Believe me... I'm invested and an RV believer.. But this article is throwing me off.

It has been said by the CBI that the removal of the 3 zeros will enhance the value of the IQD, increase purchasing power, and lead to an exchange rate of 1 IQD to 1 USD. The question I have is wouldn't a LOP produce the same results? If dropping 3 zeros off a 25,000IQD note makes it a 25 dinar note and it's 1-1, that note would be worth $25. The CBI current price for IQD is roughly $840 per 1 Million IQD. After the dropping of 3 zeros that one million at a 1-1 rate would now cost us $1,000, which gives the IQD an increase of $160 USD. I hope I'm making sense. So... wouldn't a LOP enhance the value of IQD, increase the purchasing power, and lead to an exchange rate of 1-1? I'd like to hear everyone's thoughts on this. Been invested for a couple years, and am very hopeful of an increase in value. But want to study all the options that are out there. Thanks!

Hey gang. I'm glad I have this forum to process some of my thoughts. There aren't very many platforms out there to talk about topics like this. I'm really hungry to learn and was hoping this community can shed some light on this forum conversation about the classic LOP/RV discussion. It's a bit long but interesting. In any case, reading through this will only help to deepen our conviction on what we believe. It's the COMMENT section that I was wanting to process. Especially from a guy named Brian. Would love to hear your thoughts! http://www.rferl.org/content/iraq_said_planning_currency_overhaul_redenomination/24245867.html?page=1#relatedInfoContainer