dontlop Posted December 11, 2013 Report Share Posted December 11, 2013 LOPster tank Lop talk is not allowed in chat, . And if you get thrown in the lopster tank... watch out for boiling water. 589 topics 17,094 replies That's the rules in the lopster tank If your locked up here too bad you deserve it You don't own the lopster tank because you can't follow the rules in the open forum 1 Link to comment Share on other sites More sharing options...
boomer113189 Posted December 11, 2013 Author Report Share Posted December 11, 2013 (edited) yes were here for telling the truth that deleting zeros = lop and none so far can refute it the reason why they dont allow redenomination talk is because the cbi is always talking about it and dont want to scare people about what it really means to the people invested in the currency please tell me im wrong Edited December 11, 2013 by boomer113189 Link to comment Share on other sites More sharing options...
Markinsa Posted December 11, 2013 Report Share Posted December 11, 2013 yes were here for telling the truth that deleting zeros = lop and none so far can refute it You have yet to prove that deleting zeros means lop. If there is even the slightest possibility that deleting the Zeros means Revalue, as everyone outside the tank seems to think, then you can't use that as an absolute. Come back when you really know what you are talking about. - 1 Link to comment Share on other sites More sharing options...
boomer113189 Posted December 11, 2013 Author Report Share Posted December 11, 2013 (edited) Redenomination: a new unit replaces the old unit with a fixed number of old units being converted to 1 new unit. If inflation is the reason for redenomination, this ratio is much larger than 1, usually a positive integral power of 10 like 100, 1000 or 1 million. the procedure can be referred to as "cutting zeroes"http://goo.gl/KeI6IbVenezuela deleted 3 zeros - http://goo.gl/bhNxtFMexican peso deleted 3 zeros - http://goo.gl/PzwPlfbulgaria lev deleted 3 zeros - http://goo.gl/RZLR14Russian ruble deleted 3 zeros - http://goo.gl/8N1tvaIsrael shekels deleted 3 zeros - http://goo.gl/oNsF16Paraguay guarani deleted 3 zeros - http://goo.gl/AvsKKgBrazil Real deleted 3 zeros - http://goo.gl/Tsi2urZambia deleted 3 zeros - http://goo.gl/HhFWUFAfghanistan deleted 3 zeros http://goo.gl/oOMjnEBrazil deleted 3 zeros - http://goo.gl/Tsi2ur here's just a few currency that have Redenominated/lop/deleted zeros and if you notice they all have the same exchange rate 1000 old to 1 iraq delete three zeros - http://goo.gl/QspQrf Mahma Khalil Member of the Iraqi Parliament and official spokesperson of the Economic Committee says an agreement has been reached about the mechanisms of introducing the new banknotes after a series of meetings and discussions with the CBI Governor Dr. Sinan Al Shibibi.He added the exchange rate between the new banknotes and the old ones would be 1:1,000 Edited December 11, 2013 by boomer113189 Link to comment Share on other sites More sharing options...
Markinsa Posted December 11, 2013 Report Share Posted December 11, 2013 It appears 8 out of 10 of those the deleting the three zeros was to combat high inflation, the two others don't have a strong Oil economy like Iraq. Different circumstances like the papers have been saying. - Link to comment Share on other sites More sharing options...
boomer113189 Posted December 11, 2013 Author Report Share Posted December 11, 2013 iraq has hyperinflated currencys that why they got so many zeros on them and its no different from any of these other currency's were talking about deleting 3 zeros from currency just as the same is iraq is doest matter how much of anything or what situation there in its all about what they do to there currency and its the same as the rest i posted Link to comment Share on other sites More sharing options...
Markinsa Posted December 11, 2013 Report Share Posted December 11, 2013 iraq has hyperinflated currencys that why they got so many zeros on them and its no different from any of these other currency's were talking about deleting 3 zeros from currency just as the same is iraq is doest matter how much of anything or what situation there in its all about what they do to there currency and its the same as the rest i posted No, it is not the same. Those other countries devalued the existing currency and introduced a new one. Iraq doesn't want to devalue their currency. - Link to comment Share on other sites More sharing options...
boomer113189 Posted December 11, 2013 Author Report Share Posted December 11, 2013 (edited) No, it is not the same. Those other countries devalued the existing currency and introduced a new one. Iraq doesn't want to devalue their currency. - iraq currency is basicly devalued already its 1 /10 of a penny per dinar and they want to make the dinar stronger and increase the value by deleting the zeros. also iraq has said they want to reduce there money supply by deleting the zeros so right now 1166.000 and by deleted three zeros the exchange rate will move like this 1.166 per new dinar only Edited December 11, 2013 by boomer113189 Link to comment Share on other sites More sharing options...
dinarbeleiver Posted December 11, 2013 Report Share Posted December 11, 2013 You got all hyped up when this guy called the rv earlier this year. You and several hundred of your "go rv" buddies. Remember? Lol Now he asks a silly question like this.... It's got to be a little un-nerving for you guys. hi ya fib china has a massive m2 and the exchange rate of the yuan increased Also fib I need more time I will post I am getting as much info as possible and when the RV does happen you owe me a million dinars lol Link to comment Share on other sites More sharing options...
Markinsa Posted December 11, 2013 Report Share Posted December 11, 2013 iraq currency is basicly devalued already its 1 /10 of a penny per dinar and they want to make the dinar stronger and increase the value by deleting the zeros. also iraq has said they want to reduce there money supply by deleting the zeros so right now 1166.000 and by deleted three zeros the exchange rate will move like this 1.166 per new dinar only You have absolutely no idea what you are talking about do you? - 1 Link to comment Share on other sites More sharing options...
boomer113189 Posted December 11, 2013 Author Report Share Posted December 11, 2013 if i dont know what i am talking about then please debunk me what does deleted zeros on currency mean for us and bring an article or document stating what it does to the currenct currency if everyone was holding the currency that deleted the zeros on. Link to comment Share on other sites More sharing options...
dinarbeleiver Posted December 11, 2013 Report Share Posted December 11, 2013 if i dont know what i am talking about then please debunk me what does deleted zeros on currency mean for us and bring an article or document stating what it does to the currenct currency if everyone was holding the currency that deleted the zeros on.deleting zeros means a lop however in the case of Iraq we are hoping they delete the leading zeros off the exchange rate.For fib Brazil has a massive m2 and a very strong exchange rate Link to comment Share on other sites More sharing options...
Markinsa Posted December 11, 2013 Report Share Posted December 11, 2013 if i dont know what i am talking about then please debunk me what does deleted zeros on currency mean for us and bring an article or document stating what it does to the currenct currency if everyone was holding the currency that deleted the zeros on. That's for you to do, you're the one that says deleting the zeros means lop. Bring us a definitive article from the IMF, World Bank, the FED etc, that deleting the zero's means LOP and I'll agree with you. But you won't find that, because there isn't one. We are all here speculating on that meaning, you think it means one thing, we think it means something else. So you sit here saying over and over and over again, that it means LOP ain't going to make it so. - Link to comment Share on other sites More sharing options...
boomer113189 Posted December 11, 2013 Author Report Share Posted December 11, 2013 That's for you to do, you're the one that says deleting the zeros means lop. Bring us a definitive article from the IMF, World Bank, the FED etc, that deleting the zero's means LOP and I'll agree with you. But you won't find that, because there isn't one. We are all here speculating on that meaning, you think it means one thing, we think it means something else. So you sit here saying over and over and over again, that it means LOP ain't going to make it so. - i just brought you many articles saying what happened when they deleted three zeros. but yet you cant find one that goes along with ur theroy of what it means with any links Link to comment Share on other sites More sharing options...
Markinsa Posted December 11, 2013 Report Share Posted December 11, 2013 i just brought you many articles saying what happened when they deleted three zeros. but yet you cant find one that goes along with ur theroy of what it means with any links Every one of those articles were from economies that were suffering from Hyperinflation, Iraq's currency is hyper-inflated, but the economy isn't hyper-inflated. Yes those countries deleted three zeros and they devalued their currency, but that doesn't mean deleting three zeros means lop when it comes to Iraq. (see the quote below from a recent news article.) The source said, "was to raise this issue in a session hosted by the Council of Ministers, during which the central bank head and talked about the obstacles that could affect the levels of the market and the Iraqi economy in general, considering that the Iraqi experience does not resemble the experiences of other countries." - 1 Link to comment Share on other sites More sharing options...
dinarbeleiver Posted December 11, 2013 Report Share Posted December 11, 2013 For fib Venezuela has a massive m2 and a decent exchange rate currently 0.16 bolivar to the $ I'm starting to see a pattern here - it appears that a countries M2 number has no influence over its exchange rate. Link to comment Share on other sites More sharing options...
boomer113189 Posted December 11, 2013 Author Report Share Posted December 11, 2013 this says nothing about there currency Link to comment Share on other sites More sharing options...
fib1618 Posted December 11, 2013 Report Share Posted December 11, 2013 hi ya fib china has a massive m2 and the exchange rate of the yuan increased Also fib I need more time I will post I am getting as much info as possible and when the RV does happen you owe me a million dinars lol I am now extending my offer out to the end of 2014.... If by December 31 of next year, they've adjusted the rate to 499 to 1 or better... I will give you 1 million IQD. Since 2005 China has been slowly revaluing their currency. I think they've increased it about 32% by now. Bottom line is... If you would have bought the hard currency yuan just before they started revaluing, you'd pretty much just be at stinkin break even by now.. despite the appreciation of the currency. I bet you can't guess why. HARD CURRENCY INVESTMENT IS A LOSERS GAME. Link to comment Share on other sites More sharing options...
dinarbeleiver Posted December 11, 2013 Report Share Posted December 11, 2013 Czech Republic current M2 3195472.50 billion exchange rate is currently 0.050 koruna to 1 usd Iraqs current M2 84695.00 billion current exchange rate 1166 IQD to 1$ There is a definite pattern emerging here apparently m2 has no significant bearing on a countries exchange rate GO RV!!!! this says nothing about there currencylopsters have claimed that Iraqs M2 is too high for them to revalue. I am pointing out and I will post in more detail later on that m2 has no bearing on a countries exchange rate what so everCanada has an m2 of 1225287.00 billion and an exchange rate 0.94 Canadian dollars to USD. I'm certain there is a pattern emerging here. Could it be that M2 does not determine a countries exchange rate but in actual fact market forces do once the currency is liberalised and floated 1 Link to comment Share on other sites More sharing options...
keepmwlknfny Posted December 11, 2013 Report Share Posted December 11, 2013 Czech Republic current M2 3195472.50 billion exchange rate is currently 0.050 koruna to 1 usd Iraqs current M2 84695.00 billion current exchange rate 1166 IQD to 1$ There is a definite pattern emerging here apparently m2 has no significant bearing on a countries exchange rate GO RV!!!! lopsters have claimed that Iraqs M2 is too high for them to revalue. I am pointing out and I will post in more detail later on that m2 has no bearing on a countries exchange rate what so ever The physical amount surely does......which is still too much for them to handle.... 1 Link to comment Share on other sites More sharing options...
dinarbeleiver Posted December 11, 2013 Report Share Posted December 11, 2013 The physical amount surely does......which is still too much for them to handle.... hello keepem changing the goal post now are we Link to comment Share on other sites More sharing options...
boomer113189 Posted December 11, 2013 Author Report Share Posted December 11, 2013 2012 Document - Special Inspector General for Iraq Reconstruction to The United States Congress on page 94 it saysIn April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013 and required the issuance of new currency notes. The reform would have made the dinar's value slightly less than $1. Link to comment Share on other sites More sharing options...
Markinsa Posted December 11, 2013 Report Share Posted December 11, 2013 Country Comparison :: Stock of broad money This entry covers all of "Narrow money," plus the total quantity of time and savings deposits, credit union deposits, institutional money market funds, short-term repurchase agreements between the central bank and commercial deposit banks, and other large liquid assets held by nonbank financial institutions, state and local governments, nonfinancial public enterprises, and the private sector of the economy. National currency units have been converted to US dollars at the closing exchange rate for the date of the information. Because of exchange rate movements, changes in money stocks measured in national currency units may vary significantly from those shown in US dollars, and caution is urged when making comparisons over time in US dollars. In addition to serving as a medium of exchange, broad money includes assets that are slightly less liquid than narrow money and the assets tend to function as a "store of value" - a means of holding wealth. BROAD MONEY (M2) - CIA FACTBOOK - (in US Dollars - $) 1 China $ 15,490,000,000,0002 Japan $ 13,120,000,000,0003 United States $ 12,990,000,000,0004 European Union $ 12,270,000,000,0005 Germany $ 4,281,000,000,0006 United Kingdom $ 3,884,000,000,0007 France $ 2,571,000,000,0008 Spain $ 1,969,000,000,0009 Italy $ 1,944,000,000,00010 Brazil $ 1,878,000,000,00011 Australia $ 1,708,000,000,00012 Korea, South $ 1,596,000,000,00013 Canada $ 1,523,000,000,00014 India $ 1,451,000,000,00015 Switzerland $ 1,166,000,000,00016 Hong Kong $ 1,148,000,000,00017 Taiwan $ 1,119,000,000,00018 Netherlands $ 1,119,000,000,00019 Russia $ 1,061,000,000,00020 Mexico $ 738,000,000,00021 Belgium $ 543,200,000,00022 Thailand $ 488,700,000,00023 Malaysia $ 458,500,000,00024 Sweden $ 440,200,000,00025 Austria $ 426,500,000,00026 Singapore $ 400,800,000,00027 Turkey $ 386,500,000,00028 Saudi Arabia $ 360,300,000,00029 Indonesia $ 355,400,000,00030 Norway $ 309,200,000,00031 Portugal $ 298,300,000,00032 Poland $ 293,400,000,00033 Ireland $ 291,100,000,00034 South Africa $ 277,000,000,00035 Greece $ 251,500,000,00036 Untd Arab Emrts $ 234,700,000,00037 Denmark $ 230,800,000,00038 Luxembourg $ 229,900,000,00039 Israel $ 208,800,000,00040 Iran $ 199,900,000,00041 Chile $ 193,200,000,00042 Egypt $ 192,500,000,00043 Venezuela $ 188,200,000,00044 Finland $ 183,400,000,00045 Vietnam $ 163,900,000,00046 New Zealand $ 154,600,000,00047 Czech Republic $ 151,700,000,00048 Colombia $ 151,200,000,00049 Algeria $ 150,000,000,00050 Argentina $ 148,600,000,00051 Philippines $ 132,500,000,00052 Kuwait $ 109,400,000,00053 Morocco $ 107,200,000,00054 Qatar $ 97,970,000,00055 Ukraine $ 97,400,000,00056 Lebanon $ 97,040,000,00057 Nigeria $ 80,100,000,00058 Pakistan $ 76,160,000,00059 Hungary $ 74,500,000,00060 Peru $ 73,970,000,00061 Iraq $ 71,480,000,00062 Oman $ 71,420,000,00063 Kazakhstan $ 70,360,000,00064 Bangladesh $ 66,840,000,00065 Romania $ 63,440,000,00066 Cyprus $ 56,250,000,00067 Slovakia $ 52,730,000,00068 Macau $ 46,800,000,00069 Angola $ 44,650,000,00070 Croatia $ 43,470,000,00071 Libya $ 42,390,000,00072 Jordan $ 38,610,000,00073 Bulgaria $ 37,680,000,00074 Cuba $ 36,290,000,00075 Tunisia $ 31,060,000,00076 Syria $ 30,170,000,00077 Panama $ 29,720,000,00078 Ecuador $ 26,550,000,00079 Slovenia $ 26,520,000,00080 Mauritius $ 26,170,000,00081 Bahrain $ 24,380,000,00082 Sri Lanka $ 21,890,000,00083 Guatemala $ 21,760,000,00084 Kenya $ 21,230,000,00085 Costa Rica $ 20,090,000,00086 Serbia $ 19,780,000,00087 Lithuania $ 19,320,000,00088 Domincn Repblic $ 17,850,000,00089 Azerbaijan $ 17,680,000,00090 Trinidad&Tobago $ 17,280,000,00091 Bolivia $ 17,130,000,00092 Uruguay $ 16,970,000,00093 Ethiopia $ 13,350,000,00094 Belarus $ 13,320,000,00095 Sudan $ 12,830,000,00096 Malta $ 12,660,000,00097 Iceland $ 12,570,000,00098 Nepal $ 12,120,000,00099 Estonia $ 12,110,000,000100 Latvia $ 12,090,000,000101 Brunei $ 11,620,000,000102 Ghana $ 11,560,000,000103 Cote d'Ivoire $ 11,010,000,000104 Zimbabwe $ 11,000,000,000105 Yemen $ 10,590,000,000106 Paraguay $ 10,110,000,000107 Albania $ 9,951,000,000108 Bosnia & Herzna $ 9,577,000,000109 El Salvador $ 9,527,000,000110 Honduras $ 9,112,000,000111 Papua NewGuinea $ 8,624,000,000112 Uzbekistan $ 8,310,000,000113 Tanzania $ 8,285,000,000114 Botswana $ 7,600,000,000115 Namibia $ 7,433,000,000116 Jamaica $ 7,309,000,000117 Gaza Strip $ 6,674,000,000118 West Bank $ 6,674,000,000119 Bahamas, The $ 6,482,000,000120 Afghanistan $ 6,351,000,000121 Cameroon $ 6,279,000,000122 Senegal $ 5,818,000,000123 Barbados $ 5,711,000,000124 Macedonia $ 5,709,000,000125 Cambodia $ 5,695,000,000126 Cayman Islands $ 5,564,000,000127 Mongolia $ 5,456,000,000128 Mozambique $ 5,268,000,000129 Zambia $ 4,906,000,000130 Georgia $ 4,720,000,000131 San Marino $ 4,584,000,000132 Uganda $ 4,162,000,000133 Gabon $ 3,918,000,000134 Burkina Faso $ 3,910,000,000135 Eritrea $ 3,889,000,000136 Congo, Rep $ 3,753,000,000137 Laos $ 3,556,000,000138 Armenia $ 3,555,000,000139 Haiti $ 3,509,000,000140 Moldova $ 3,498,000,000141 Mali $ 3,401,000,000142 Nicaragua $ 3,136,000,000143 Equator Guinea $ 3,115,000,000144 Congo, Dem Rep $ 3,087,000,000145 Benin $ 2,950,000,000146 Madagascar $ 2,926,000,000147 Fiji $ 2,495,000,000148 Suriname $ 2,300,000,000149 Tajikistan $ 2,000,000,000150 Montenegro $ 1,982,000,000151 Kyrgyzstan $ 1,952,000,000152 Guinea $ 1,915,000,000153 Aruba $ 1,765,000,000154 Guyana $ 1,696,000,000155 Turkmenistan $ 1,652,000,000156 Chad $ 1,642,000,000157 Rwanda $ 1,536,000,000158 Togo $ 1,534,000,000159 Malawi $ 1,382,000,000160 Cape Verde $ 1,362,000,000161 Maldives $ 1,298,000,000162 Belize $ 1,263,000,000163 Niger $ 1,201,000,000164 Djibouti $ 1,158,000,000165 Sierra Leone $ 1,152,000,000166 Saint Lucia $ 1,149,000,000167 Antigua&Barbuda $ 1,131,000,000168 Swaziland $ 1,106,000,000169 Bhutan $ 1,018,000,000170 SaintKittsNevis $ 964,100,000171 Lesotho $ 897,000,000172 Grenada $ 715,600,000173 Liberia $ 664,100,000174 Vanuatu $ 610,800,000175 Seychelles $ 553,400,000176 Burundi $ 519,000,000177 Gambia, The $ 512,200,000178 Central AfrRep $ 459,700,000179 Saint Vincent $ 431,900,000180 Guinea-Bissau $ 414,300,000181 Dominica $ 413,700,000182 Timor-Leste $ 386,900,000183 Solomon Islands $ 386,400,000184 Anguilla $ 383,300,000185 Samoa $ 327,900,000186 Comoros $ 212,100,000187 Tonga $ 169,200,000188 Cook Islands $ 148,200,000189 Micronesia, $ 118,400,000190 Sao Tome $ 80,550,000191 Montserrat $ 71,330,000 Link to comment Share on other sites More sharing options...
keepmwlknfny Posted December 11, 2013 Report Share Posted December 11, 2013 Dont forget the difference between pegged currencies and market driven as their exchange rates do not rely on reserves.... hello keepem changing the goal post now are we Nope.....been saying for quite a bit of time that I think the physical plays a bigger role. Still no answer for that elephant. .... 1 Link to comment Share on other sites More sharing options...
Markinsa Posted December 11, 2013 Report Share Posted December 11, 2013 2012 Document - Special Inspector General for Iraq Reconstruction to The United States Congress on page 94 it says In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013 and required the issuance of new currency notes. The reform would have made the dinar's value slightly less than $1. That's what we want! It doesn't mention devaluing their currency, quite the opposite! - Link to comment Share on other sites More sharing options...
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