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Re: None

Tuesday, 07/01/2008 12:30:45 PM

Tuesday, July 01, 2008 12:30:45 PM

Post# of 29692
The lop (raising the zeros), which it is blatantly obvious that he says they will do, is a totally separate issue than the “lifting of the value” part that he refers to later.
Lops are monetarily neutral, meaning they have no effect on the value of the currency. They simply remove the large bills from circulation. New exchange rate for new currency. They can continue to improve the exchange rate slowly as they have been doing.
If they did a straight lop right now… the new currency would have an exchange rate of 83 cents per dinar. They could continue to improve it, but it would be a penny at a time.

Lopping the currency and continuing to improve the rate can both happen at the same time.
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