Members discussion thread for the Debate: Lop vs No Lop, Sonny1 and jmw

[HopefulTxn]

Hey - I am not arguing that the #s are false, per say. I'm arguing that they may have manipulated the #s that way. Accounting for things maybe they shouldn't have that do exist, but are not technically in circulation.

You would think that the pegged exchange rate of 1170 would budge from time to time, but they're manipulating that to maintain that rate... May that is why the #s are reflected so high.

As mentioned before, one reason that the 1170 rate may be remaining static is that with increases in foreign reserves, they increase the circulation to match. Shabibi has stated repeatedly that his goal was to maintain a stable rate.

If their reserves are growing through the currency auctions, they really only have two manners in which to reflect those changes. Increase the value or increase the volume. Given the statements from Shabibi, it would seem he has chosen the latter, which would explain the constant increases in circulation levels without a reduction in value.