Iraqi Dinar Discussion Board

[Aerospace]

The same guy that wrote those “articles” will gladly sell you some more dinar while your over there.
His no lop analysis is so poorly done.
If Afghanistan was lopped simply because they had 4 types of currency in circulation… then why in the world did they do a 1000 for 1 exchange. Why didn’t they just lift the exchange rate. They exchanged 13 trillion old for 13 billion new. Why did they do that if the only concern was 4 types of currency.
As for Russia and inflation…
Iraq’s inflation may not be supper high now, but it was in the 90’s
Year......... M2............Exchange Rate ID/US$
91.............24.6B....... 10
92.............43.9B....... 21
93.............86.4B....... 74
94.............238.9B......458
95............ 705.1B......1674 Iraq starts printing 250 dinar notes
96............ 960.5B......1170
97............ 1.03T........1471
98............ 1.35T........1620
99.............1.48T........1972
00.............1.72T........1930
01.............2.15T........1929
02.............3.01T........1957 Iraq starts printing 10,000 dinar notes
03.............3.78T........1459 (3)
Currency value can not and will not recover from that type of inflation without doing a zero lop.
There are absolutely no examples of it ever happening before.
Countries try to get inflation under control before they lop.
The overlapping currencies is silly. There is a 25,000 note and a 25 coin… I’m sure Iraqi businesses and citizens can figure out that an old 25 dinar coin worth about a penny befor a lop would not be about 25 dollars after a lop.


I love how he uses the Jeffrey Frankel article. I wrote to Jeffrey Frankle… I suggest you do the same.
http://www.investorshub.com/boards/read_msg.asp?message_id=17514055