nurav

This could well be just propaganda, but a LOP does seem like a logical option. Consider this. Over time, the IQD became weaker and weaker and lost its value thereby tacking along zeroes. So, a loaf of bread that may have cost 10 dinars at one time now must cost 10,000 dinars. Carrying a number of notes to buy a loaf of bread is a ridiculous idea, so in order to make transactions simple, they printed higher denomination bills. This way, the value of a weak dinar was kept intact when it came to comparison with the US dollar plus people did not have to carry truckloads of bills to buy basic stuff. Now, by lopping I believe they mean reversing the scenario, that is going back to smaller notes because inflation has reduced over the past few years and it looks like Iraq is on the road to making some progress too. So now they want to take away the larger notes and replace them with smaller ones. The purchasing power will remain the same as the price of commodities will change accordingly too. This is not profitable for foreign investors but it does help Iraq because their exchange rate will become much stronger. It will not have a negative impact on Iraq. People will be able to use lower denomination bills for transactions and because of a stronger exchange rate, may be able to afford other things. Imagine this, things that can be locally made in Iraq, for example bread, food items and other basic necessities are what people can afford there. The current exchange rate is 1170 to a dollar. This rate mainly affects Iraq on the international scene. Imagine buying a car or electronic devices that were imported into Iraq. They probably are ridiculously priced. Now consider a lop scenario where 25000 becomes equal to 25, prices of local goods have been adjusted accordingly, and the exchange rate has been adjusted at 1.17 to a dollar. This would enhance foreign trade and will make goods, services made outside Iraq affordable to the people. Like everybody else, I don’t want to see a lop happen, but I won’t be surprised if it does. Lopping zeroes off of a currency is not something that is new and has taken place a number of times. I believe Zimbabwe is the latest example of a scenario like this. They lopped ten zeroes off. Again, it is difficult to compare nations because we do not know what is going on beneath the surface. I do not know the answer to this, but this could be an interesting point to consider while speculating whether it would lop or no. The question is, while the dinar was losing its value, was 10 dinar replaced with 10,000 dinars keeping the purchasing power the same that is 10 dinar worth of bread was made equal to 10,000 dinars worth of bread. If this was the case, a lop would very well be a possibility. If not the above, did the dinar just lose its value gradually over time? For example, the cost of commodities increased with inflation, that is the cost of bread became 10,000 dinars but 10 dinars remained equal to 10 dinars thereby making bread unaffordable? Any thoughts?

Propaganda. You will never know whats actually going on. They will make you hear what they want you to hear. Just relax. What will be will be

LOL jeez!!!

What difference does it make? Are you concerned about the fact that you won't find out when the RV takes place or when it does you won't know what to do after that? Come on, just sit back and relax. When the RV does takes place, it will be big news, everyone will know about it. Exchanging money won't be a problem because an RV will take place only if the currency enters the international market. If it does enter the international market, all banks WILL have to list it. It is illegal to not list the currency if it is on Forex. Most or all banks will have to accept trades whether they like it or not. It is as simple as that. You guys don't need to raise your blood pressure up every time someone throws in some information . It is simple, when the RV takes place, it will be all over. The gains you guys are speculating have not been made in the history of any currency. It will have to on the news as it will be BIG news. From there everything thing will be as it should when it comes to exchange of foreign currency. You do not need a middleman, books that claim contain the right information or paid sites to tell you what needs to be done.

Thanks Useful links and moreover, no BS

Yes, so is the opening of the new McDonald's around the corner.

Possum, are you sure that it is 88% and not 87.9 or 88.1? Please check your calculations. Is your formula correct? Is it as follows: BS+BS+(a pinch of more BS) + BS = Today's post ?

I just came across this news. I don't know how useful this is, but here is a link http://timesofindia.indiatimes.com/world/middle-east/Iraq-PM-in-tight-contest-with-ex-premier-Iyad-Allawi-for-poll-lead/articleshow/5673838.cms Nurav

Those are just currency counters. De La Rue is the name of the company that makes it. http://www.delarue.com/Display.aspx?MasterId=5c0ff462-72ef-48d2-adf8-beefbba34644&NavigationId=730

Good stuff. Thanks

Go RV!!! Go!!!! Please Go!!!!! LOL

Saale haram khor!

What say folks?

Someone is gonna receive a lot of bashing today.

It most happens on a morning after a full moon while you are sitting on the toilet.