Iraqi Dinar Discussion Board

[Aerospace]

Iran has not lopped yet. They have announced they will lop, but they are waiting for inflation to drop first.
http://www.presstv.ir/detail.aspx?id=106378§ionid=351020102
The top Central Bank official added that while the decision is final, the administration would not implement the measure until the country's inflation rate has slipped further down.

Which I'd like to point out is the exact opposite of what the dinar experts have been saying. I've read a million times that countries only lop if they have high inflation. Wrong... countries lop because of high inflation, that's what ruins the value of the currency, but they try to wait until inflation is under control before actually lopping.

Iran has been talkintg about it for years. Nigeria hes been talking about for years. Venezuala years. The first Iraq lop article came out in the summer of 2006, so that is 3 and a half years.