another expert debunked

[Froto]

Again, an expert tells us why a LOP cannot occur. Too bad he has no clue how a redenomination works.

This is precisely why the Lop will not occur....

If you were holding 1 mil in 25k IQD notes and your brother was holding 1 mil in 50 IQD notes and they Lop-ed...who would you want to be? You or your brother? Lop just does not make sense...stay grounded in your investment, we are all in this together no matter what denom you hold...when it happens, it will happen!!!

Do you realize that a lop involves exchanging the ENTIRE old series of currency with an ENTIRELY new series of currency?

You would exchange your 1 million in 25k notes for 1,000 newIQD. Your brother would exchange his 1 million in 50 iqd notes for 1,000 newIQD.

Here is a fact for you. A lop has occurred in dozens of countries over the last few decades. You did not find the flaw in lop theory which allowed you to claim “This is precisely why the Lop will not occur....”.

[bigd1619]

Here is a fact: LOP is used to fight HYPERINFLATION, Iraq has an inflation number under 5%. THAT IS NOT HYPERINLFLATION!! Second, the government of Iraq currently uses a budget of appx. 76 trillion dinar, or I believe 56-60 billion usd. 76,000,000,000,000 becomes 76,000,000,000, which means the budget would be 76 billion dinar, or appx. 56-58 million usd. How can the government function on a budget of 56 million usd? Oh I know, they will RV after they lop the 3 zeros right? Even if they did RV at 10 dinar to 1 usd they would still only have 5,600,000,000 or 5.6 billion usd worth, now you tell me how a country is going to function on that kind of income? (I know my numbers are not exact, just an approximation) The other thing that I feel would prevent a LOP is all of the debt that has been forgiven for Iraq. I remember China forgiving 9 billion last summer, 9 billion usd worth. Ask yourself, "Why, why, why would a country forgive 9 BILLION USD in debt?" Answers could be in exchange for oil contracts, possibly, they are just really nice, lol, or they were told about the plan and hold quite a bit in dinar and are waiting for the RV to take place so they can collect their forgiven 9 billion or however much was forgiven by different countries? The last one is where I stand.

Yes, this is all my opinion, except for the first topic of hyperinflation. You need to give me a better reason than it has happened before. How about you go into detail, give me each country and research the reasons for the LOP. I bet that not one of these countries was invaded by a world power, had their infrastructure totally rebuilt, gone from a dictatorship to a parliamentary democracy, have the second largest oil reserve in the world that is practically untapped and not to mention it is the easiest oil to extract based on type of oil and location to the surface, and is in a position to return to being one of the worlds largest agricultural exporters because they are located in the Fertile Crescent, better know as Mesopotamia. And if you want to get biblical, it is the supposed site of the Garden of Eden and Babylon, the latter of which is foretold to return to prominence.

[Froto]

Here is a fact: LOP is used to fight HYPERINFLATION, Iraq has an inflation number under 5%. THAT IS NOT HYPERINLFLATION!! . . .

I just won 5 bucks. I bet my friend somebody as knowledgeable about redenominations as the first person I responded to would pipe in about hyper-inflation.

If YOU took the time to learn about lops, you would already know that the redenominations that are successful happen after a period of hyper-inflation (like Iraq had) has ended and inflation has stabilized (like Iraq has).

A good read about RD's, the reasons for it, and examples of what is successful, and what is not, is pinned to the top of one of the forums (rumors I think).

Thanks for the fin.

[Froto]

Which dozen countries ????

Afghanistan 2002 3 1,000 Afgani = 1 New Afgani

Albania 1965 1 10 old Leke = 1 New Lek

1995 3 1,000 Novas Kwanzas = 1

Kwanza Reajustado

Angola

1999 6 1,000,000 Kwanzas Reajustados

= 1 Kwanza

1970 2 100 Pesos = 1 Peso Ley

1983 4 10,000 Pesos Ley = 1 Peso

Argentino

1985 3 1,000 Pesos Argentinos = 1

Austral

Argentina

1992 4 10,000 Australes = 1 Peso

Convertible

Azerbaijan 1992 1 10 Soviet Rubles = 1 Manat

Bahrain 1965 1 10 Gulf Rupees = 1 Dinar

1992 1 10 Soviet Belarus Rubles = 1 Rubel

2000 3 1,000 Rubles= 1 New Ruble

1963 3 1,000 Bolivianos = 1 Peso

Boliviano

Bolivia

1987 6 1,000,000 Pesos Bolivianos= 1

Boliviano

1967 3 1,000 Cruzeiros = 1 New

Cruzeiro

1970 3 1,000 New Cruzeiros = 1

Cruzeiro

1986 3 1,000 Cruzeiros = 1 Cruzado

1989 3 1,000 Cruzados = 1 New Cruzado

1990 1 New Cruzado = 1 Cruzeiro

1993 3 1,000 Cruzeiros = 1 Cruzeiro

Real

Brazil

1994 3 / rate of

convers 2.75

2,750 Cruzeiros Reais = 1 Real

Bulgaria 1962 1 10 old Leva = 1 new Leva

1999 3 1,000 old Leva = 1 new Leva

Chile 1960 3 1,000 Pesos = 1 Escudo

1975 3 1,000 Escudos = 1 Peso

China 1955 4 10,000 old Yuan = 1 new Yuan

Croatia 1994 3 1,000 croation Dinara = 1 Kuna

1967 3 1,000 Congolese Francs = 1 Zaire

1993 6/ rate of

conv 3

3,000,000 Zaires = 1 New Zaire

Dem

Republic of

Congo

1998 5 100,000 New Zaires = 1 Franc

Congolaise

Estonia 1992 1 10 Rubles = 1 Kroon

Finland 1963 2 100 old Markka = 1 new Markka

France 1960 2 100 francs = 1 new Francs

Georgia 1995 6 1,000,000 Kuponi = 1 Lari

1923 12 1,000,000,000,000 Mark = 1

Rentenmark

Germany

1948 1 10 Reichsmark = 1 deutsche

Mark

Greece 1954 3 1,000 old Drachmai = 1 new

Drachma

Guinea 1971 1 10 Francs = 1 Syli

Hungary 1946 5/ rate of

convers 4

400,000 Quadrillion Pengoe = 1

Forint

Island 1981 2 100 old Kronur = 1 Krona

1948 3 1,000 Prutot = 1 Pound

1960 2 100 Agorot = 1 Pound

1980 1 10 Pounds = 1 Sheqel

Israel

1985 3 1,000 old Sheqalim = 1 new

Sheqel

Kirgistan 1993 2/ rate of

conv 2

200 Rubles = 1 Som

North Korea 1959 2 100 old Won = 1 new Won

South Korea 1962 1 10 Hwan = 1 Won

1976 1/ rap of

conv 2

20 Old Kip = 1 Lao Liberation

Kip

Laos

1979 2 100 Liberation Kip = 1 New Kip

Latvia 1993 2 100 Talonu = 1 Litas

Letonia 1993 2 / rate of

conv 2

200 Rublu = 1 Lats

Macedonia 1993 2 100 old Denari = 1 new Denari

Mexico 1993 3 1,000 Pessos = 1 new Peso

Moldova 1993 3 1,000 Ruble = 1 Leu

Morocco 1959 2 100 francs = 1 Dirham

Nicaragua 1988 3 1,000 Cordobas = 1 new Cordoba

Paraguay 1943 2 100 Pesos Fuertes = 1 Guarani

Peru 1985 3 1,000 Soles = 1 Inti

1991 6 1,000,000 Intis = 1 New Sol

Poland 1995 4 10,000 old Zlotych = 1 New Zloty

1947 4 / rate of

conv 2

Romania 20,000 old Lei = 1 Leu

2005 4 10,000 old lei = 1 new Leu

1947 1 10 old Rubles = 1 New Ruble

1961 1 10 rubles = 1 new Ruble

Russian

1998 3 1,000 Rubles = 1 New Ruble

1966 2 100 Dinars = 1 new Dinar

1990 4 10,000 Dinars = 1 new Dinar

1992 1 10 Dinars = 1 new Dinar

1993

(oct)

6 1,000,000 Dinars = 1 (October)

Dinar

1993

(oct)

9 1,000,000,000 (October) Dinars =

1 (1994) Dinar

Serbia &

Montenegro

1994 6 / rate of

conv 12

12,000,000 (1994) Dinars = 1

super Dinar

Sudan 1992 1 10 Pounds = 1 Dinar

Taiwan 1949 4/ rate of

conv 4

40,000 Taiwan Dollars = 1 new

Taiwan Dollars

Tunisia 1958 3 1,000 Francs = 1 Dinar

Turkey 2005 6 1,000,000 Lirasi = 1 New Lirasi

Uganda 1987 2 100 Shilings = 1 new Shilling

Ukraine 1996 5 100,000 Karbovanets = 1 Hryvnia

Uruguay 1975 3 1,000 Pesos oro = 1 new Peso

1993 3 1,000 new Pesos = 1 Peso

Uruguayo

Uzbekistan 1994 3 1,000 Sum-coupons = 1 Sum-note

1959 3 1,000 Dong (north) = 1 new Dong

(north)

1975 2 / rate of

conv 5

500 Piastres (south) = 1 new

south Vietnam Dong

Vietnam

1985 1 10 Dong = 1 new Dong

Source: Adapted from MRI Bankers’ Guide to Foreign Currency 46th

Edition, Houston, January 2003, www.tcmb.gov.tr

[Frank61]

Afghanistan 2002 3 1,000 Afgani = 1 New Afgani

Albania 1965 1 10 old Leke = 1 New Lek

1995 3 1,000 Novas Kwanzas = 1

Kwanza Reajustado

Angola

1999 6 1,000,000 Kwanzas Reajustados

= 1 Kwanza

1970 2 100 Pesos = 1 Peso Ley

1983 4 10,000 Pesos Ley = 1 Peso

Argentino

1985 3 1,000 Pesos Argentinos = 1

Austral

Argentina

1992 4 10,000 Australes = 1 Peso

Convertible

Azerbaijan 1992 1 10 Soviet Rubles = 1 Manat

Bahrain 1965 1 10 Gulf Rupees = 1 Dinar

1992 1 10 Soviet Belarus Rubles = 1 Rubel

2000 3 1,000 Rubles= 1 New Ruble

1963 3 1,000 Bolivianos = 1 Peso

Boliviano

Bolivia

1987 6 1,000,000 Pesos Bolivianos= 1

Boliviano

1967 3 1,000 Cruzeiros = 1 New

Cruzeiro

1970 3 1,000 New Cruzeiros = 1

Cruzeiro

1986 3 1,000 Cruzeiros = 1 Cruzado

1989 3 1,000 Cruzados = 1 New Cruzado

1990 1 New Cruzado = 1 Cruzeiro

1993 3 1,000 Cruzeiros = 1 Cruzeiro

Real

Brazil

1994 3 / rate of

convers 2.75

2,750 Cruzeiros Reais = 1 Real

Bulgaria 1962 1 10 old Leva = 1 new Leva

1999 3 1,000 old Leva = 1 new Leva

Chile 1960 3 1,000 Pesos = 1 Escudo

1975 3 1,000 Escudos = 1 Peso

China 1955 4 10,000 old Yuan = 1 new Yuan

Croatia 1994 3 1,000 croation Dinara = 1 Kuna

1967 3 1,000 Congolese Francs = 1 Zaire

1993 6/ rate of

conv 3

3,000,000 Zaires = 1 New Zaire

Dem

Republic of

Congo

1998 5 100,000 New Zaires = 1 Franc

Congolaise

Estonia 1992 1 10 Rubles = 1 Kroon

Finland 1963 2 100 old Markka = 1 new Markka

France 1960 2 100 francs = 1 new Francs

Georgia 1995 6 1,000,000 Kuponi = 1 Lari

1923 12 1,000,000,000,000 Mark = 1

Rentenmark

Germany

1948 1 10 Reichsmark = 1 deutsche

Mark

Greece 1954 3 1,000 old Drachmai = 1 new

Drachma

Guinea 1971 1 10 Francs = 1 Syli

Hungary 1946 5/ rate of

convers 4

400,000 Quadrillion Pengoe = 1

Forint

Island 1981 2 100 old Kronur = 1 Krona

1948 3 1,000 Prutot = 1 Pound

1960 2 100 Agorot = 1 Pound

1980 1 10 Pounds = 1 Sheqel

Israel

1985 3 1,000 old Sheqalim = 1 new

Sheqel

Kirgistan 1993 2/ rate of

conv 2

200 Rubles = 1 Som

North Korea 1959 2 100 old Won = 1 new Won

South Korea 1962 1 10 Hwan = 1 Won

1976 1/ rap of

conv 2

20 Old Kip = 1 Lao Liberation

Kip

Laos

1979 2 100 Liberation Kip = 1 New Kip

Latvia 1993 2 100 Talonu = 1 Litas

Letonia 1993 2 / rate of

conv 2

200 Rublu = 1 Lats

Macedonia 1993 2 100 old Denari = 1 new Denari

Mexico 1993 3 1,000 Pessos = 1 new Peso

Moldova 1993 3 1,000 Ruble = 1 Leu

Morocco 1959 2 100 francs = 1 Dirham

Nicaragua 1988 3 1,000 Cordobas = 1 new Cordoba

Paraguay 1943 2 100 Pesos Fuertes = 1 Guarani

Peru 1985 3 1,000 Soles = 1 Inti

1991 6 1,000,000 Intis = 1 New Sol

Poland 1995 4 10,000 old Zlotych = 1 New Zloty

1947 4 / rate of

conv 2

Romania 20,000 old Lei = 1 Leu

2005 4 10,000 old lei = 1 new Leu

1947 1 10 old Rubles = 1 New Ruble

1961 1 10 rubles = 1 new Ruble

Russian

1998 3 1,000 Rubles = 1 New Ruble

1966 2 100 Dinars = 1 new Dinar

1990 4 10,000 Dinars = 1 new Dinar

1992 1 10 Dinars = 1 new Dinar

1993

(oct)

6 1,000,000 Dinars = 1 (October)

Dinar

1993

(oct)

9 1,000,000,000 (October) Dinars =

1 (1994) Dinar

Serbia &

Montenegro

1994 6 / rate of

conv 12

12,000,000 (1994) Dinars = 1

super Dinar

Sudan 1992 1 10 Pounds = 1 Dinar

Taiwan 1949 4/ rate of

conv 4

40,000 Taiwan Dollars = 1 new

Taiwan Dollars

Tunisia 1958 3 1,000 Francs = 1 Dinar

Turkey 2005 6 1,000,000 Lirasi = 1 New Lirasi

Uganda 1987 2 100 Shilings = 1 new Shilling

Ukraine 1996 5 100,000 Karbovanets = 1 Hryvnia

Uruguay 1975 3 1,000 Pesos oro = 1 new Peso

1993 3 1,000 new Pesos = 1 Peso

Uruguayo

Uzbekistan 1994 3 1,000 Sum-coupons = 1 Sum-note

1959 3 1,000 Dong (north) = 1 new Dong

(north)

1975 2 / rate of

conv 5

500 Piastres (south) = 1 new

south Vietnam Dong

Vietnam

1985 1 10 Dong = 1 new Dong

Source: Adapted from MRI Bankers’ Guide to Foreign Currency 46th

Edition, Houston, January 2003, www.tcmb.gov.tr

It does not mean it helped their economies.....It does not mean Iraq will do the same.

[sonny1]

Again, an expert tells us why a LOP cannot occur. Too bad he has no clue how a redenomination works.

Do you realize that a lop involves exchanging the ENTIRE old series of currency with an ENTIRELY new series of currency?

You would exchange your 1 million in 25k notes for 1,000 newIQD. Your brother would exchange his 1 million in 50 iqd notes for 1,000 newIQD.

Here is a fact for you. A lop has occurred in dozens of countries over the last few decades. You did not find the flaw in lop theory which allowed you to claim “This is precisely why the Lop will not occur....”.

do you know why a country would l o p there currency? find me one of these currency's that didnt have 20% or over inflation, and have more than one currency

[Froto]

do you know why a country would l o p there currency? find me one of these currency's that didnt have 20% or over inflation, and have more than one currency

This is just a fraction of the info you asked for. People really need to get away from this site if they want to learn.

Just a couple of excerpts from a paper on Romania’s RD showing how it works during stabilized economies and does not work during unstabilized economies:

Re-denomination represents the action of decreasing the monetary value of cash ensigns, action implemented during the last 85 years by approximately 50 countries (Romania included), as part of a complex strategy of economic reform.

The Turks chose a highly favorable moment for the re-denomination: economic increase above 8%, inflation reduced to 9.32% in December 2004, the launch of negotiations regarding EU joining. The psychological impact hit two areas. The new Turkish currency is comparable with the hard currencies: - 1 Euro =1.6361 YTL, 1 USD =1.3448 YTL. Secondly, the accounting and financial statements

were hugely simplified, as amounts like quadrillions were reduced - the old currency unit being one of the weakest in the world.

In Poland and Bulgaria currency reform was implemented only after the positive effects of the stabilization program were observed. This is the recommended approach today.

In Poland, there were concerns that inflation was not low enough when the re-denomination took place, but inflation continued to moderate by five percent per annum between 1995-1997 (table 3, figure 3). This was because Poland had already completed a major restructuring and liberalization of its economy, which contributed to the success of the currency reform.

In countries where stabilization programs failed (the examples of Argentina – figure 4 and Brazil – figure 5), the need to remove more zeros emerged after a certain period of time.

Therefore, when the re-denomination took place in a weak and unprepared economy, the adverse effect occurred. Brazil repeated the process 6 times, cutting off a total of 18 zeroes, while Argentina took 13 zeroes during 4 stages.

[Frank61]

do you know why a country would l o p there currency? find me one of these currency's that didnt have 20% or over inflation, and have more than one currency

So true. This what most LOPSTERS cannot get.

[Froto]

So true. This what most LOPSTERS cannot get.

See above.

Yawn. Don't worry, I'm done. I've seen on here where people have tried to explain what a redenomination is, only to get the onslaught of mis-information. I give.

[Frank61]

I just won 5 bucks. I bet my friend somebody as knowledgeable about redenominations as the first person I responded to would pipe in about hyper-inflation.

If YOU took the time to learn about lops, you would already know that the redenominations that are successful happen after a period of hyper-inflation (like Iraq had) has ended and inflation has stabilized (like Iraq has).

A good read about RD's, the reasons for it, and examples of what is successful, and what is not, is pinned to the top of one of the forums (rumors I think).

Thanks for the fin.

Iraq is a COMPLETELY different case. The currency was artificially adjusted. You cannot compare Iraqs situation to 1 of the countries you have listed. You havent won the 5 bucks just yet.

[marknet73]

Iraq needs to get the extremely large # of bills in circulation down but they need to let the rate come up to a better value before they lop - not the artificially low value it's at now because of the sanctions and Chapter 7 which they are no longer under.

[Frank61]

Iraq needs to get the extremely large # of bills in circulation down but they need to let the rate come up to a better value before they lop - not the artificially low value it's at now because of the sanctions and Chapter 7 which they are no longer under.

RV then RD, thats how Im seeing it.

[cwtrimmer]

Iraq needs to get the extremely large # of bills in circulation down but they need to let the rate come up to a better value before they lop - not the artificially low value it's at now because of the sanctions and Chapter 7 which they are no longer under.

Um, yeah they are. Until they get all the other issued worked out with Kuwait AND the Security Council votes to remove the last of the sanctions they are still under Chapter 7. The Security Council only lifted some of the sanctions in December.

[marknet73]

Um, yeah they are. Until they get all the other issued worked out with Kuwait AND the Security Council votes to remove the last of the sanctions they are still under Chapter 7. The Security Council only lifted some of the sanctions in December.

Yeah you're right. Overall things are looking a lot better than say last year this time but they still aren't completely out from under Ch. 7 yet. Sorry my bad. I'm wondering if there's still too much currency out there for them to be able to RV in the near future. They really need to get a handle on that.

[tommyboy]

OK, I'm a new guy. Have been following this for quite a while but joined just recently. From what I have seen lately we could all benefit from more input from the likes of people such as FROTO and MAXIMUS. Just my opinion (& I know the "opinion" thing).

[keepmwlknfny]

Yeah you're right. Overall things are looking a lot better than say last year this time but they still aren't completely out from under Ch. 7 yet. Sorry my bad. I'm wondering if there's still too much currency out there for them to be able to RV in the near future. They really need to get a handle on that.

Yep, the only hang up in my mind is the amount in circulation....they can't possibly RV with so much out there....they would need to cut the money supply first....if they have then great but it all would have to of been done behind the scenes even though Iraq is supposed to be 100% transparent in everything they do....so until we can find valid info saying they reduced the money supply it's just not feasible for a substantial rise in value....froto is dead on in his explanations....if people would stop going by forum facts but instead look up the real information they would see the truth....it's a possibility for sure....unlikely I do think, but def a possibility....

[aliveandcare]

RV then RD, thats how Im seeing it.

Close. Reverse it, and then you'll be looking in the right direction.

RD FOLLOWED BY RV

Look at the reality of it. They have wayy to much in circulation. They HAVE to cut it AT LEAST IN HALF. It would just be stupid to rv before the RD.

[marknet73]

Yep, the only hang up in my mind is the amount in circulation....they can't possibly RV with so much out there....they would need to cut the money supply first....if they have then great but it all would have to of been done behind the scenes even though Iraq is supposed to be 100% transparent in everything they do....so until we can find valid info saying they reduced the money supply it's just not feasible for a substantial rise in value....froto is dead on in his explanations....if people would stop going by forum facts but instead look up the real information they would see the truth....it's a possibility for sure....unlikely I do think, but def a possibility....

There's a lot of different info out there but all the info I've seen from the CBI and IMF shows around 25-27 trillion still in circulation. I saw where Marcus Curtis and some other pretty reliable sources say over 80% have been removed but you're right there's really no way to know. I've seen the rundowns of how they can afford a $1+ RV using fractional banking but I don't know if they take into account the enormous amount still floating around out there. A lop would get the number way down to a more manageable level but do you think they would be tying their hands by doing this? Seems like it could maybe double or triple in value after that and it would be on par with Kuwait's currency but at the same time it seems like they would be handcuffing themselves and limiting their growth potential. Hopefully theyre getting more of the large bills out I'm wondering if they're really planning on RVing soon why they're continuing to sell the large bills to dealers?

[bigdaddydave]

I get tired off seing every one on here think that there is now way that the can lop or redenominate Iraqi's currency. Froto gave Example after Example how it could happen and the one big one that was not metioned was Venezeula. This is the one that was closet in every way to Iraq. They Started with a dictator then removed him with help from the US but not in the scale of Iraqs situation there Bolivar was selling and there was speculation about it going up (Just Like Iraq) but on a smaller scale. This is also an Oil rich Country Just like Iraq that had huge potential for growth economically. So they printed new lower demons to replace the huge denoms they where using as they did a RV. Pre Rv they where selling 2150 Bolivar to 1 USD after RV it went to 1 Bolivar to 2.15 USD. They lopped in the way FROTO is trying to explain that no one wants to listen to. They brought out new lower denoms and it took 1000 old Bolivars to buy 1 New Bolivar. Has any one read Meds chats lately all he is talking about is not more currency but NEW CURRENCY so it has got me worried and Im a holder of alot of dinar. So please dont diss on peoples opinions cuase Im not the one who wants to eat crow if it dosent happen the way we all want it to.

Big Daddy Dave

[marknet73]

I get tired off seing every one on here think that there is now way that the can lop or redenominate Iraqi's currency. Froto gave Example after Example how it could happen and the one big one that was not metioned was Venezeula. This is the one that was closet in every way to Iraq. They Started with a dictator then removed him with help from the US but not in the scale of Iraqs situation there Bolivar was selling and there was speculation about it going up (Just Like Iraq) but on a smaller scale. This is also an Oil rich Country Just like Iraq that had huge potential for growth economically. So they printed new lower demons to replace the huge denoms they where using as they did a RV. Pre Rv they where selling 2150 Bolivar to 1 USD after RV it went to 1 Bolivar to 2.15 USD. They lopped in the way FROTO is trying to explain that no one wants to listen to. They brought out new lower denoms and it took 1000 old Bolivars to buy 1 New Bolivar. Has any one read Meds chats lately all he is talking about is not more currency but NEW CURRENCY so it has got me worried and Im a holder of alot of dinar. So please dont diss on peoples opinions cuase Im not the one who wants to eat crow if it dosent happen the way we all want it to.

Big Daddy Dave

It can happen either way bro. I'm wondering what the cost is to completely replace the currency plus all the time and complications involved. Plus why would they be talking about a 100,000k bill if they're planning on doing this?

[Frank61]

Close. Reverse it, and then you'll be looking in the right direction.

RD FOLLOWED BY RV

Look at the reality of it. They have wayy to much in circulation. They HAVE to cut it AT LEAST IN HALF. It would just be stupid to rv before the RD.

I do not agree. No one is sure how much IQD is in circulation, let alone how many large bills. Latest rumors are 80-90% has been pulled. It would not be stupid to RV or RI then RD. RV has little to do with the CBI going into the vault and paying out. If you dont agree with that then you need to do some serious reading.

[bigdaddydave]

Frank is also right most of this RV will be done with electronic dinar rather that actual currency

It can happen either way bro. I'm wondering what the cost is to completely replace the currency plus all the time and complications involved. Plus why would they be talking about a 100,000k bill if they're planning on doing this?

There Might not be any new cost if they have the lower denoms allready

[Frank61]

I get tired off seing every one on here think that there is now way that the can lop or redenominate Iraqi's currency. Froto gave Example after Example how it could happen and the one big one that was not metioned was Venezeula. This is the one that was closet in every way to Iraq. They Started with a dictator then removed him with help from the US but not in the scale of Iraqs situation there Bolivar was selling and there was speculation about it going up (Just Like Iraq) but on a smaller scale. This is also an Oil rich Country Just like Iraq that had huge potential for growth economically. So they printed new lower demons to replace the huge denoms they where using as they did a RV. Pre Rv they where selling 2150 Bolivar to 1 USD after RV it went to 1 Bolivar to 2.15 USD. They lopped in the way FROTO is trying to explain that no one wants to listen to. They brought out new lower denoms and it took 1000 old Bolivars to buy 1 New Bolivar. Has any one read Meds chats lately all he is talking about is not more currency but NEW CURRENCY so it has got me worried and Im a holder of alot of dinar. So please dont diss on peoples opinions cuase Im not the one who wants to eat crow if it dosent happen the way we all want it to.

Big Daddy Dave

I just think its not right when people go and post these crazy ideas and get a lot of investors upset over nothing. They talk as though Iraq is playing a hand of poker and they play "know when to holdem, know when to foldem. know when to lop the zeros-know when to run........GET REAL . The CBI will RV or RI the IQD and FOREX will dictate the value.

[Uncle Barkie]

The best way to look at this reguardless of which theory you follow ( LOP or NO-LOP ) is to take every bit of information in and meld it all together . This way you won't be stuck with just one side of the two way mirror . Know what you wish to gain from this investment and meld it with a side of "harsh " reality as to what is possible with this investment. Somewhere in the middle you will find what you can be happy with.

Either way , whether it's thousands or millions of dollars you make, be happy that you've made a profit ! As far as getting rude with others or acting the fool ( the I'm right and your wrong arguement ,) step back and take a hard look at why you're getting upset at others opinions ( on both sides of the arguement ,) and realize it's just not worth it. Life is way to short either way. No matter how this turns out , be it a " LOP" or a "Revalue," my life will go on as it always has , and I will still wake up each and every morning knowing that today is a good day because I'm alive .

Happy New Year everyone !!! I'll have a beer for you on my porch swing if you all care to relax !

Uncle Barkie

[Frank61]

The best way to look at this reguardless of which theory you follow ( LOP or NO-LOP ) is to take every bit of information in and meld it all together . This way you won't be stuck with just one side of the two way mirror . Know what you wish to gain from this investment and meld it with a side of "harsh " reality as to what is possible with this investment. Somewhere in the middle you will find what you can be happy with.

Either way , whether it's thousands or millions of dollars you make, be happy that you've made a profit ! As far as getting rude with others or acting the fool ( the I'm right and your wrong arguement ,) step back and take a hard look at why you're getting upset at others opinions ( on both sides of the arguement ,) and realize it's just not worth it. Life is way to short either way. No matter how this turns out , be it a " LOP" or a "Revalue," my life will go on as it always has , and I will still wake up each and every morning knowing that today is a good day because I'm alive .

Happy New Year everyone !!! I'll have a beer for you on my porch swing if you all care to relax !

Uncle Barkie

Sounds Bud, I will stop by some time !!