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Aerospace

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Aerospace

Re: plastipunk post# 15788

Sunday, 04/27/2008 5:05:58 PM

Sunday, April 27, 2008 5:05:58 PM

Post# of 29692
Yes... that is the main reason to do a lop, to reduce the money supply. If they lop 3 zeros the people of Iraq will not lose money. The amount of dinars they have will be reduced by 1000, but the value of the new dinars will be 1000 times more, so there's no gain or loss.
For people buying and holding dinars in countries like the US the risk of a lop is that they will have no way to exchange their dinars. The dealers will go into reverse motion, buying it back. You have to pay a premium to get it and they will certainly charge you a premium to take it off your hands.
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