I'm not for a LOP. Aero seems to see the LOP coming and to me makes no sense. As stated in your response. For Iraq to do a LOP would not only screw the Iraqi people but everyone else in the world as well. The only way they could redeem themselves would be to bring the Dinar back to pre levels of around 3.00 US. The coming of lower denominations is to just prepare for the revalue. They will need the lower denominations in order for their everything to work after the revalue. Imagine going and buying a soda that costs 50 cents. Well let's say the Dinar is revalued to .10 US. That would make the current 50 dinar note worth 5.00 US. So what you're supposed to give the vendor your 50 dinars and not get any change. Second even though the Carlyle group owns the currency make(forget the name) they will not make current holders of 50 dinar notes turn in their currency. If that was the case everyone would be thinking the same thing and there would be no 50 dinar notes. To be on the safe side though when I did order my 500k Dinars I ordered it in all 50's.
Wayne, you continue to make yourself look foolish by making that statement. EVERY redenomination/lop... not some but EVERY single redenomination has two currencies with different rates for however long the exchnage period is. It amazes me that you've been in this as long as you have been and you still know absolutly nothing about currency redenominations... NOTHING. Every single country that went to the Euro did it. They all had two currencies with two different rates for a period of time. Redenominations are a very common thing in the world of currency. There have been about 80 of them in the last 40 years. That's an average of two a year. Again... there has never been one, not one single big RV like people are expecting here.
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