Replies to post #6852 on Iraqi Dinar Discussion Board (IQD)

[strongtower]

Afghanistan was forced to do a LOP due to having 4 currencies being used at the same time and not knowing how much currency was in circulation.

Dinar into Dollars-zero lop versus a no lop

Both Russia and Afghanistan are countries who have zero lopped their currency.
Lets look at their situations in relation to the Iraqi Dinar and the speculation and rumors about Iraq doing a zero lop on their currency:

Afghanistan had 4 types of currency in circulation as a result of a civil war. It was unknown how much of each was in circulation. For the people and the government, this was a very difficult situation. As a result, the currency kept losing it's value. They needed something both credible and efficient to use as currency. You did not want people carrying around bags of money since everything is cash based. Their zero lop happened at the same time as they printed new currency to replace the confusing mix they had before. This ensured
everyone had the same currency, there was a known amount in circulation, and people could buy and sell things with few notes.It has little in common to the Iraqi Dinar and the speculation about the zero lop. Iraq has already
printed and established a single national currency, with secure features and knows exactly how much is in circulation. The Dinar denominations are already designed to carry high or low values without carrying around sacks of
money. It makes no sense for them to change the face of the currency, when they are talking about increasing the value to fit their economic goals.

Russia performed zero lopping to their currency in 1998. They did this in response to hyperinflation and to restore confidence in their currencies structure
and value. Iraq has roughly only 20% inflation. Russia also had denominations that went too high - they had denominations of 5k, 10k, 50k, 100k, and 500k - which were replaced with denominations of 5, 10, 50, 100 , and 500. In
comparison, Iraq's highest denomination is the 25k and has denominations all the way down to 25 Dinar. If Iraq did zero lopping off the structure of the bills, they would overlap denominations that already exist. This does not make
sense or fit the stated goals with the Iraqi Dinar. It seems that a zero lop, or zero lopping would not occur with the denominations of the Dinar, but by increasing it's value with a revalue that would benefit their economy and their poor in a positive way.
http://www.dinar-into-dollars.com/zero_lop_analysis.html

[Aerospace]

You can certainly compare exchange rates, money supplies, foreign currency reserves, and GDP. You don’t have to use Afghanistan as an example, pick any other comparable country and look at those figures and it becomes crystal clear that Iraq’s exchange rate is set at a fair amount right now and if they want to better it by 1000 times than no doubt, absolutely, must do, no other way around it… they HAVE TO reduce their money supply 1000 times… LOP.