It's still coming... I never once predicted a time frame. In fact I said all along they don't have to lop, they can just continue on with the same ol same... but they have announced their desire to lop and I believe they will eventually do it. I posted a couple months ago that the world wide economic downturn could cause them to postpone any plans to lop. They may want to wait for things to shake out a bit before they try to restore the rate back to 1:1... WITH A LOP of course.
Nov 9 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33440860 There is no RV... there is a lop article coming out on a daily basis. Two months ago I would have said the lop was about a 95% sure thing. With the world wide economic slow down coupled with plummeting oil prices... that may influence Iraq to hold off on the lop. I would say the lop is down to about a 75% chance now. But if they don't do it, it is just a delay and will be done one day. If they don't lop they will just continue on like they are. A pip here and a pip there. A big RV is simply a fantasy.
I posted this in March of 07.... http://investorshub.advfn.com/boards/read_msg.aspx?message_id=17683371 In my opinion… based on comparing Iraq to numerous other countries… here are the possible outcomes I see. They continue on like they are… the dinar may… MAY rise in value to 1000:1 over the next 3 or 4 years and they may join the GCC and switch to the GCC currency if that ever comes to fruition. 1000:1 is about as high as I see it going. The other option they have… if they really want their currency valued at 1:1… they have to return the money supply number back to about 20 Billion. That would put them in line with the other countries that have a 1:1 or better exchange rate and would also return them to the money supply number they had in the 80’s when they had a favorable exchange rate. That would be the dreaded zero lop… where your 25,000 dinar notes would be exchanged for 25 dinar notes
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