Addressing The Lop Dinar

[yota691]

Addressing The Lop Dinar Rv News

By: Robert Hoffman Home | UnCategorized

So many people ask about the "LOP" theory. I may not have specifically and clearly addressed this in the past, so here it is: The Iraqi Dinar is not going to lop. With that said, let's examine the LOP theory so you all understand it.

At certain times in history, countries have chosen to "lop" the last 3 zeros off of their currency, which basically makes a 25,000 note 25. Fairly simple. The question we need to ask is this: Why do countries lop? One reason is hyperinflation.

Sometimes a country prints currency so fast and furious that the economy can't keep up, and the value of the currency goes down, down, down. Take the Zimbabwe currency, for example. A "Zimbabwean Millionaire" doesn't really have too much to brag about. That is Zimbabwe, though. Not Iraq.

Iraq does not have the inflation problem, Iraq is not a country with no way of obtaining wealth to increase the value of it's currency like Zimbabwe. Iraq doesn't even need to invent a gadget to make money like China could do...

Their pockets are already lined with Black Gold.

I have said many times that Iraq's currency is possibly THE most stable currency in the entire world, and Aswat Al-Iraq recently concurred with that statement: BAGHDAD / Aswat al-Iraq: The exchange rates of the Iraqi Dinar (ID) against the U.S. Dollar is currently constant and stable, an adviser of the Central Bank of Iraq (CBI) said on Thursday.

Currency policies are normally unstable in an absolute way, Modhihar Mohammed Selah told Aswat al-Iraq news agency. He said that the CBI intervenes to respond to legal demands of customers regarding the U.S. Dollar.

Currency policies are inherently unstable, but the Iraqi Dinar is stable. Iraq's central bank denied on Thursday the reports that talked about its decision to cancel three zeroes from the Iraqi currency.

The central bank will not cancel three zeroes from the Iraqi currency at this time to reduce inflation suffered by the Iraqi economy.... Canceling the zeroes will make things more complicated and would cost the state large sums of money and enormous economic cadres to implement this project. The head of the Central Bank Sinan Al-Shabibi told the Independent National News Agency of Kurdistan (AKnews).

This won't be applied at our current time. The central bank and Finance ministry will adopt rational solutions to reduce inflation that Iraq is suffering from currently because some important governmental institutions misused the money, Al-Shabibi added.

Removing the zeros from the currency will reduce the level of the Iraqi dinar in accordance with the American dollar.

Many members of the parliamentary Economic Commission urged the Central Bank and the Finance Ministry to address the Iraqi decreasing funds by removing the three zeroes from the Iraqi currency.

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Read more: http://www.articlesnatch.com/Article/Addressing-The-Lop-Dinar-Rv-News-/1150881#ixzz1ny0VoBNm

Hope this is the right spot

[easyrider]

WOW, thanks for the post yota and i agree fully. A RD will only cause confusion right now. Lord only knows they dont need anymore of that and this is from AKnews a reputable news agency.

[yota691]

Have no date just something i stumble on!!

[truthful1]

Whats the date on this?? They said they wouldnt do it then, but now they say there ready. The reson there is a 25,000 note is because its hyperinflation, so it exists or there would of never of been currency that large printed. A lop is the prescription for hyperinflated currency. its what most countries have always done. so the argument isnt over inflation, but the question of reduction of currency in circulation.

Thanks for the post yota. keep up the great job your doing

[sonny1]

though i fully agree with this article-opinion, it does always scare me when stuff is posted on a sellers site, the guy who wrote this owns dinar inc.

[easyrider]

though i fully agree with this article-opinion, it does always scare me when stuff is posted on a sellers site, the guy who wrote this owns dinar inc.

well there was an article that jujst came out talking about the cancellation of the ddeletion of the zeroes i just read this morning. Is this the same one? the question remains is this indeed an article and quoting it or is this an opinion piece? looks like a bit of both and i hope this is the real deal about canceling the deletion of zeroes that would be awesome.

Edited March 2, 2012 by easyrider

[DropItLikeItsHot]

though i fully agree with this article-opinion, it does always scare me when stuff is posted on a sellers site, the guy who wrote this owns dinar inc.

Hoffman is a pumper.... nough said

[dvforumuser]

Addressing The Lop Dinar Rv News

By: Robert Hoffman Home | UnCategorized

So many people ask about the "LOP" theory. I may not have specifically and clearly addressed this in the past, so here it is: The Iraqi Dinar is not going to lop. With that said, let's examine the LOP theory so you all understand it.

At certain times in history, countries have chosen to "lop" the last 3 zeros off of their currency, which basically makes a 25,000 note 25. Fairly simple. The question we need to ask is this: Why do countries lop? One reason is hyperinflation.

No. Countries RD (or at least successfully RD) AFTER a period of hyperinflation. If inflation is still a huge problem then an RD will not be all that useful since it does nothing to stem current inflation, it only gets rid of the resulting huge money supply from PAST hyperinflation. This is exactly the situation in Iraq, major PAST hyperinflation, but low inflation now. They are an ideal RD candidate.

So either Hoffman knows this and is just pumping the gullible, or he is an idiot, or both.

[lotsofdinar]

Three zeroes on Iraqi currency won't be removed: source

Bronx on Thu Apr 01, 2010 8:59 am

Three zeroes on Iraqi currency won't be removed: source

Thursday, April 1st 2010 2:45 PM Thursday, April 1st 2010 2:45 PM

Baghdad, April 1 (AKnews) - Iraq's central bank denied on Thursday the reports that talked about its decision to cancel three zeroes from the Iraqi currencey.

The central bank will not cancel three zeroes from the Iraqi currency at this time to reduce inflation suffered by the Iraqi economy .... Canceling the zeroes will make things more complicated and would cost the state large sums of money and enormous economic cadres to implement this project. "The head of the Central Bank Sinan Al-Shabibi told the Independent National News Agency of Kurdistan (AKnews

This won't be applied at our current time. The central bank and Finance ministry will adopt rational solutions to reduce inflation that Iraq is suffering from currently because some important governmental institutions misused the money," Al-Shabibi added.

"Removing the zeros from the currency will reduce the level of the Iraqi dinar in accordance with the American dollar."

Many members of the parliamentary Economic Commission urged the Central Bank and the Finance Ministry to address the Iraqi decreasing funds by remiving the three zeroes from the Iraqi currency.

http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.aknews.com/ar/aknews/2/70037/&prev=_t&rurlhttp://www.comcast.net/

[dinarck]

No. Countries RD (or at least successfully RD) AFTER a period of hyperinflation. If inflation is still a huge problem then an RD will not be all that useful since it does nothing to stem current inflation, it only gets rid of the resulting huge money supply from PAST hyperinflation. This is exactly the situation in Iraq, major PAST hyperinflation, but low inflation now. They are an ideal RD candidate.

So either Hoffman knows this and is just pumping the gullible, or he is an idiot, or both.

It is post of misinformation like this one from Hoffman that has everyone celebrating every redenomination article that comes out. It seems people are more than happy to believe whatever sounds good instead of actually learning about RDs and why they are done. Not-so-Breitling is to blame as well for thousands of people being misinformed.

[dvforumuser]

Three zeroes on Iraqi currency won't be removed: source

Bronx on Thu Apr 01, 2010 8:59 am

Three zeroes on Iraqi currency won't be removed: source

Thursday, April 1st 2010 2:45 PM Thursday, April 1st 2010 2:45 PM

Baghdad, April 1 (AKnews) - Iraq's central bank denied on Thursday the reports that talked about its decision to cancel three zeroes from the Iraqi currencey.

So its at least 2 years old, and quite possibly an April fools joke.