LOL... No matter how many times this article gets trotted out, it doesn't change the fact that it is poorly written and even more poorly reasoned. It was written by a dinar dealer.
First Afghanistan... to claim they only lopped because they had 4 currencies floating around makes ZERO ZERO, less than ZERO sense. If multiple currencies was the only concern, they would have issued a new currency at a 1:1 exchange and be done with it. Simple as that.
That's not what they did.
The official rate for the Afghani has been 50:1 or 2 cents since 1981. It was because of inflation, increasing money supply that the Afghani fell to 2400 to 1 by 1994 on the black market. The official rate remained 50:1 through that whole time. They wanted to return to the 50:1 official rate, so they did a 3 zero lop to do it.
It's crazy to use Afghanistan as reason a lop will not happen. It is a perfect example of how and why Iraq will do the same thing if they want to get back to their old official rate. Iraq has gone through the same exact thing. Iraq's "official" rate was .3 :1, but the street rate had fallen to 3000. It's the EXACT SAME scenario practically.
The Russia argument is just as flawed. Yes Russia had high inflation, so did Iraq. Russia got their inflation under control before they lopped. Iraq has now gotten their inflation under control. Very similar.
The overlapping currency issue no longer exist. Iraq removed the 25 dinar coin, so there are no overlapping currencies if they lop 3 zeros.
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