Iraqi Dinar Chat, Information, News, Facts, Guru Forums, RV and Revaluation info

Follow us! Follow us!

xchangeofamerica.com

+ Reply to Thread
Results 1 to 2 of 2

Thread: Zero Lop or Zero Lopping the Dinar Analysis

  1. #1
    Junior member kaperoni's Avatar
    Join Date
    Feb 2010
    Posts
    233
    Thanks
    0
    Thanked 1 Time in 1 Post

    Zero Lop or Zero Lopping the Dinar Analysis

    Zero Lop or Zero Lopping the Dinar Analysis
    February 23, 2010 Posted in NEWS 1 Comment


    Zero Lop or Zero Lopping the Dinar Analysis
    Dinar into Dollars [7/13/2006]

    Both Russia and Afghanistan are countries who have zero lopped their currency.
    Lets look at their situations in relation to the Iraqi Dinar and the speculation and
    rumors about Iraq doing a zero lop on their currency:

    Afghanistan had 4 types of currency in circulation as a result of a civil war. It was
    unknown how much of each was in circulation. For the people and the
    government, this was a very difficult situation. As a result, the currency kept
    losing its value. They needed something both credible and efficient to use as
    currency. You did not want people carrying around bags of money since
    everything is cash based. Their zero lop happened at the same time as they
    printed new currency to replace the confusing mix they had before. This ensured
    everyone had the same currency, there was a known amount in circulation, and
    people could buy and sell things with few notes. It has little in common to the
    Iraqi Dinar and the speculation about the zero lop. Iraq has already
    printed and established a single national currency, with secure features
    and knows exactly how much is in circulation. The Dinar denominations are
    already designed to carry high or low values without carrying around sacks of
    money. It makes no sense for them to change the face of the currency, when
    they are talking about increasing the value to fit their economic goals.

    Russia performed zero lopping to their currency in 1998. They did this in
    response to hyperinflation and to restore confidence in their currencies structure
    and value. Iraq has roughly only 20% inflation. Russia also had denominations
    that went too high they had denominations of 5k, 10k, 50k, 100k, and 500k -
    which were replaced with denominations of 5, 10, 50, 100 , and 500. In
    comparison, Iraqs highest denomination is the 25k and has denominations all the
    way down to 25 Dinar. If Iraq did zero lopping off the structure of the bills,
    they would overlap denominations that already exist. This does not make
    sense or fit the stated goals with the Iraqi Dinar. It seems that a zero lop, or
    zero lopping would not occur with the denominations of the Dinar, but by
    increasing its value with a revalue that would benefit their economy and their
    poor in a positive way.


    http://www.iraqdirectory.com/DisplayNews.aspx?id=1677

  2. #2
    SENIOR EXCUTIVE MEMBER
    Join Date
    Feb 2010
    Location
    South Carolina
    Posts
    741
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: Zero Lop or Zero Lopping the Dinar Analysis

    Great post.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts