Replies to post #12448 on Iraqi Dinar Discussion Board (IQD)

[Aerospace]

Afghanistan has a Central Bank, no currency board. They lopped.
Turkey didn’t have a currency board, they lopped.
Romania… no currency board… lop.

If you knew what a currency board was… you would understand that it’s a silly statement to claim that only a currency board can lop.

[Aerospace]

Please take the time to read this document.
It describes redenominations (lopping).
Just because someone on a dinar board says that only countries with high inflation lop… does not make it a fact.
The true facts are that it is preferred… and most lops occur only after inflation has been bought under control. Some times years after. That is exactly the case for Iraq now. They suffered from massive inflation through the 90’s and early 2000’s
http://convention2.allacademic.com/getfile.php?file=apsa05_proceeding/2005-09-05/40104/apsa05_proceeding_40104.pdf

Dropping Zeros, Gaining Credibility?
Currency Redenomination in Developing Nations