Replies to post #19424 on Iraqi Dinar Discussion Board (IQD)

[Aerospace]

Lop is just a figurative term. The dinar you have now would not change one bit. The rate would stay the same.
They issue a new currency, smaller bills. Those have a new rate… 85 cents… maybe they make it 1:1, a nice little increase.
Both currencies exist side by side for how ever long the exchange period is… anywhere from a month to a year. After that exchange period the dinar you hold now becomes worthless… just like the old Saddem dinar now.
The exchange of old for new is 1000 old for 1 new… that’s where the term 3 zero lop comes from. It’s just figurative though.

[waggett]

What?!? Oh yeah, they'll just rub off the three 0's with an eraser LOL

Just kidding, had to do it :)

[Ncebabe]

They "CAN" just drop those zero's with out printing new currency. That is what the difference is here. No one know what they will do. The lowest Inflation rate for a Country that has lopped had a 125%.