The Lop...... ITS OVER

Well I guess the rv question has finally been answered, wonder what the alaskan Polar bear will come up with now. OHHHHHHHH let me guess misinformation LMAO.



. Kurdish newspaper said Lasso issued in Baghdad that the Iraqi government on changes to key Iraqi dinar currency. وقال . A source from the Presidency of the Council of Ministers of the Economic Commission that the newspaper prepared systems for the removal of the three zeroes on the Iraqi dinar and thus return to the status quo ante, that is, before the second war of 517,436 in 1991. . According to the source, the reason for this decision is the low level of inflation in the Iraqi economy, as indicated by the same source close to the implementation of changes to the dinar and the issuance of new currency that will appear in the Kurdish language writing and pictures of the historic Castle Irbil. Bringing 1000 dinars, Dinara one, and thus solve the papers 5, 10 and 25 dinars replace the 5000, 10000 and 25000, the 250 and 500 dinars, and so the way to a quarter and a half dinars

وکالة ال�رات العراقية للانباء

This tells me that our RV is at hand....I've read that before, about taking off three zeros. If this article was printed today, then this is very good news. Let me know if I'm off here. But looks like this deserves a smile :tongue:

Before you get your panties in a bunch over this article, let's see if someone can put a DATE on the article.

Yankeefan, the title to this thread is "The Lop...... ITS OVER"

That is quite a bold assumption.

Personally, I will hold judgement until we see official statements from the CBI regarding this alledged zero-lopping.


Nice knee-jerk reaction though....others are panicking as well so you are not alone..

And I looked at the article through the Google Goggles (translator) and maybe the translator is messing it up (context, that is).

Perhaps we need a true arabic reader to translate this for us?

Anyone have a friend who reads Arabic?



Thank you.

This website you reffer to (mind not) looks like home made.! have heard such rumors before. Will wait for CBIraq to come with any such news...

Quote:

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Originally Posted by Yankeefan

Well I guess the rv question has finally been answered, wonder what the alaskan Polar bear will come up with now. OHHHHHHHH let me guess misinformation LMAO.

. Kurdish newspaper said Lasso issued in Baghdad that the Iraqi government on changes to key Iraqi dinar currency. وقال . A source from the Presidency of the Council of Ministers of the Economic Commission that the newspaper prepared systems for the removal of the three zeroes on the Iraqi dinar and thus return to the status quo ante, that is, before the second war of 517,436 in 1991. . According to the source, the reason for this decision is the low level of inflation in the Iraqi economy, as indicated by the same source close to the implementation of changes to the dinar and the issuance of new currency that will appear in the Kurdish language writing and pictures of the historic Castle Irbil. Bringing 1000 dinars, Dinara one, and thus solve the papers 5, 10 and 25 dinars replace the 5000, 10000 and 25000, the 250 and 500 dinars, and so the way to a quarter and a half dinars

وکالة ال�رات العراقية للانباء

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Hardwood...I was concerned when I saw the title of this thread, but when I read it, it sounded good. Should I be worried? I'm not a very experienced investor, so I don't want to be happy when I should be disappointed. Boy, that's pretty bad.

I would not be worried at all.

Considering the vast amount of Dinar already in circulation, sitting in bank vaults and the Iraqi economy revolving around the current values, a LOP or a separation in currencies (Kurds vs. rest of Iraq) seems very unlikely.

And as Marek just pointed out, the website this is coming from has not been a source in the past (not saying it isn't legitimate, but why this article and why now?).

No worries until you see an official announcement from the CBI. But I think the official announcement we will see will have nothing to do with a LOP and everything to do with a change in exchange rate....

QUOTE:
"But I think the official announcement we will see will have nothing to do with a LOP and everything to do with a change in exchange rate...."


I sure hope you're right! Thanks for answering my question...

FYI- A quick Whois search of foratnews.com found this:

Current Registrar: TUCOWS INC.
IP Address: 64.151.120.120 (ARIN & RIPE IP search)
IP Location: US(UNITED STATES)-CALIFORNIA-SAN FRANCISCO
Record Type: Domain Name
Server Type: IIS 6
Lock Status: clientDeleteProhibited
Web Site Status: Active
DMOZ no listings
Y! Directory: see listings
Secure: No
E-commerce: No
Traffic Ranking: 2
Data as of: 14-Jun-2005


TUCOWS is the registrar? And IP based in the US (San Francisco)??

Not sure how legitimate a source this is.....something smells fishy here.

Quote:

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Originally Posted by Hardwood

I would not be worried at all.

Considering the vast amount of Dinar already in circulation, sitting in bank vaults and the Iraqi economy revolving around the current values, a LOP or a separation in currencies (Kurds vs. rest of Iraq) seems very unlikely.

And as Marek just pointed out, the website this is coming from has not been a source in the past (not saying it isn't legitimate, but why this article and why now?).

No worries until you see an official announcement from the CBI. But I think the official announcement we will see will have nothing to do with a LOP and everything to do with a change in exchange rate....

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does any iraqi website look like its not home made, they all look unprofessional, look at the cbi website, it looks like it was made by a 5th grader.

Quote:

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Originally Posted by Hardwood

FYI- A quick Whois search of foratnews.com found this:

Current Registrar: TUCOWS INC.
IP Address: 64.151.120.120 (ARIN & RIPE IP search)
IP Location: US(UNITED STATES)-CALIFORNIA-SAN FRANCISCO
Record Type: Domain Name
Server Type: IIS 6
Lock Status: clientDeleteProhibited
Web Site Status: Active
DMOZ no listings
Y! Directory: see listings
Secure: No
E-commerce: No
Traffic Ranking: 2
Data as of: 14-Jun-2005


TUCOWS is the registrar? And IP based in the US (San Francisco)??

Not sure how legitimate a source this is.....something smells fishy here.

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If you do a website check on most of the iraqi news sites, they are mostly in the USA also

Quote:

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Originally Posted by Yankeefan

If you do a website check on most of the iraqi news sites, they are mostly in the USA also

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Wasnt the CBI website hosted in the USA....lol.....:eek:

Quote:

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Originally Posted by Hardwood

FYI- A quick Whois search of foratnews.com found this:

Current Registrar: TUCOWS INC.
IP Address: 64.151.120.120 (ARIN & RIPE IP search)
IP Location: US(UNITED STATES)-CALIFORNIA-SAN FRANCISCO
Record Type: Domain Name
Server Type: IIS 6
Lock Status: clientDeleteProhibited
Web Site Status: Active
DMOZ no listings
Y! Directory: see listings
Secure: No
E-commerce: No
Traffic Ranking: 2
Data as of: 14-Jun-2005


TUCOWS is the registrar? And IP based in the US (San Francisco)??

Not sure how legitimate a source this is.....something smells fishy here.

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here is an example of a popular iraqi news site sotaliraq.com

whois.enom.com] =-=-=-= Visit AboutUs.org for more information about sotaliraq.com <A href="http://www.aboutus.org/sotaliraq.com">AboutUs: sotaliraq.com</A> Domain name: sotaliraq.com Registrant Contact: Whois Privacy Protection Service, Inc. Whois Agent ([email protected]) +1.4252740657 Fax: +1.4256960234 PMB 368, 14150 NE 20th St - F1 C/O sotaliraq.com Bellevue, WA 98007 US

Ruh-Row Raggy......!

Are we uncovering a conspiracy here? All Iraqi websites originating from the US? Could our government be running these sites to throw us off course?

THAT would be hilarious!

Just having fun....seriously...you are right, all these sites are amateurish at best. At least the English versions.....can't comment on how the Arabic sides "look"....

All kidding aside, this article is nothing to sweat over in my humble opinion.

Yankeefan needs to be educated: A lop is only appropriate in the case of "HYPERINFLATION" like Russia and Venezuela...Iraq is not even close to that scenario!! In fact Iraq's inflation rate is on a slow decline (very very slow).

Quote:

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Originally Posted by danny51

Yankeefan needs to be educated: A lop is only appropriate in the case of "HYPERINFLATION" like Russia and Venezuela...Iraq is not even close to that scenario!! In fact Iraq's inflation rate is on a slow decline (very very slow).

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Though I understand what you are saying and an education is not what I need because I have been invested for quite some time. The fact remains, all those articles saying Iraq wants to return to previous levels, what people fail to understand (or refuse to understand) is back in the day when Iraq's exchange rate was high ($2 - $3+) they had small denominations, they never had 1k,5,k,10k,25k notes, so in order for them to return to previous levels they need the same denominations of currency, that would mean bringing them down from trillions to billions (like it was back in the days of a high exchange rate), IMO if they remove the 3 zero's they can have a high exchange rate $3+, while I know it sounds bad and everyone hates that theory but in essence the Iraqi people would be able to triple there money, (which makes more common sense then suddenly everyone in Iraq becoming millionaires overnight, and while us regular non Iraqi investors may hate it, because making 3x on our investment just doesn't cut it for many it's what truly makes sense in this situation. JMHO

Quote:

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Originally Posted by Yankeefan

Though I understand what you are saying and an education is not what I need because I have been invested for quite some time. The fact remains, all those articles saying Iraq wants to return to previous levels, what people fail to understand (or refuse to understand) is back in the day when Iraq's exchange rate was high ($2 - $3+) they had small denominations, they never had 1k,5,k,10k,25k notes, so in order for them to return to previous levels they need the same denominations of currency, that would mean bringing them down from trillions to billions (like it was back in the days of a high exchange rate), IMO if they remove the 3 zero's they can have a high exchange rate $3+, while I know it sounds bad and everyone hates that theory but in essence the Iraqi people would be able to triple there money, (which makes more common sense then suddenly everyone in Iraq becoming millionaires overnight, and while us regular non Iraqi investors may hate it, because making 3x on our investment just doesn't cut it for many it's what truly makes sense in this situation. JMHO

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Excellent reply...either way we will be getting a handsome return on a modest investment.

Thanks for your candor.

Quote:

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Originally Posted by Yankeefan

IMO if they remove the 3 zero's they can have a high exchange rate $3+, while I know it sounds bad and everyone hates that theory but in essence the Iraqi people would be able to triple there money, (which makes more common sense then suddenly everyone in Iraq becoming millionaires overnight, and while us regular non Iraqi investors may hate it, because making 3x on our investment just doesn't cut it for many it's what truly makes sense in this situation. JMHO

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Just what I expected to hear, economically intellectual and plain sane for a pragmatic viewpoint shared. It does sound like a correct crunch one hears when a good apple is bitten... and it is an Apple we get to hold and see....unlike many believing it is an ORANGE they prefer believing in...:biggrin::noserious

Not sure I'd take info from Foratnews too seriously....Iran isn't the most trustworthy source of news.

foratnews.com | Owner: Mizban Network, Iran, # 140 Molasadra, # 1 Second Floor, Tehran, Tehran 1435915361 | Server location: United States

What's wrong with making 3 times our investment? 2 million dinars becomes 6 million dinars...why would that be upsetting?

Quote:

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Originally Posted by apwerner

What's wrong with making 3 times our investment? 2 million dinars becomes 6 million dinars...why would that be upsetting?

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They are talking for an example, I invested $1000 for dinar at 1250 to the $1. That would give me 1250000 NID. Drop three zeros would equal 1250 NID. Then rv to 1 NID to $3.00 would give you $3750. Roughly three times your investment.

You'd think these guys would get tired of
swallowing the hook, line, AND sinker EVERY
TIME a weird bit of rumor gets flushed down
the info toilet!

Can't see the Kurds alienating themselves with
the WTO and World Bank by getting involved
in a renegade reprint or a lop.....by WHAT
authority COULD they anyway?

Sigh!:nono:

Quote:

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Originally Posted by kingdomfunding

You'd think these guys would get tired of
swallowing the hook, line, AND sinker EVERY
TIME a weird bit of rumor gets flushed down
the info toilet!

Can't see the Kurds alienating themselves with
the WTO and World Bank by getting involved
in a renegade reprint or a lop.....by WHAT
authority COULD they anyway?
Sigh!:nono:

---

My guess would be by a thing called a "Declaration of Independence".

Worked a while back for a young country seeking independence from a ruthless Monarchy.....

Thank you.

Quote:

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Originally Posted by Yankeefan

Well I guess the rv question has finally been answered, wonder what the alaskan Polar bear will come up with now. OHHHHHHHH let me guess misinformation LMAO.

. Kurdish newspaper said Lasso issued in Baghdad that the Iraqi government on changes to key Iraqi dinar currency. وقال . A source from the Presidency of the Council of Ministers of the Economic Commission that the newspaper prepared systems for the removal of the three zeroes on the Iraqi dinar and thus return to the status quo ante, that is, before the second war of 517,436 in 1991. . According to the source, the reason for this decision is the low level of inflation in the Iraqi economy, as indicated by the same source close to the implementation of changes to the dinar and the issuance of new currency that will appear in the Kurdish language writing and pictures of the historic Castle Irbil. Bringing 1000 dinars, Dinara one, and thus solve the papers 5, 10 and 25 dinars replace the 5000, 10000 and 25000, the 250 and 500 dinars, and so the way to a quarter and a half dinars

وکالة ال�رات العراقية للانباء

---

Interesting. The best research I've done shows the Saddam Dinar did actually reach .10 during 1991. But it doesn't make sense to cut any zeros if they intend to Re-Val to .10. It would be easier and much more stable for the currency to continue up in a Gradual appreciation manner such as the CBI said it would do in the last IMF Letter of Intent. The value increase is already "built into" the current IQD denominational structure. A three zero lop, if they went 1:1, would only net about a 30 to 50% increase in value. If they go to .10 that's barely a blip increase in value. Using Gradual Grow from last November they've already nearly reached 18% in value increase. Let's see if this story is verified, like others have noted, before we jump to any conclusions.

Make up your own mind about the LOP.

It doesn't really matter if they do or if they don't because there isn't a thing we can do to stop it anyway.

In my little flea brain there is not much of a chance of that happening.

IRAQ is trying to get into the mainstream of the Worlds players.

I don't think they want to begin by upsetting eveyone involved.

This isn't Turkey folks, not even close.

I think we will see soon though. :ro_emote:

no lop no reprint no kurds having a diff currency-all old recycled wrong news. everybody hang loose...

Quote:

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Originally Posted by lglwzrd

no lop no reprint no kurds having a diff currency-all old recycled wrong news. everybody hang loose...

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Hangin' Loose alright!

:beer::ro_emote::toofunny::toofunny:

Quote:

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Originally Posted by Yankeefan

Well I guess the rv question has finally been answered, wonder what the alaskan Polar bear will come up with now. OHHHHHHHH let me guess misinformation LMAO.



. Kurdish newspaper said Lasso issued in Baghdad that the Iraqi government on changes to key Iraqi dinar currency. وقال . A source from the Presidency of the Council of Ministers of the Economic Commission that the newspaper prepared systems for the removal of the three zeroes on the Iraqi dinar and thus return to the status quo ante, that is, before the second war of 517,436 in 1991. . According to the source, the reason for this decision is the low level of inflation in the Iraqi economy, as indicated by the same source close to the implementation of changes to the dinar and the issuance of new currency that will appear in the Kurdish language writing and pictures of the historic Castle Irbil. Bringing 1000 dinars, Dinara one, and thus solve the papers 5, 10 and 25 dinars replace the 5000, 10000 and 25000, the 250 and 500 dinars, and so the way to a quarter and a half dinars

وکالة ال�رات العراقية للانباء

---

Interesting,

The dead giveaway on this post is the sentence that there is a low level of inflation in the Iraqi economy? What planet was this person on when they made this statement? LOL LOP never made sense, but when combined with the sentence of low inflation, you just have to laugh. The only reason for a lop is when inflation is in a runaway mode, and how this would make sense when stating just the opposite about inflation flies in the face of common sense, not that anything makes sense in Iraq, but this makes zero sense in my opinion.

Good luck and health to all, Mike

Quote:

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Originally Posted by Offshore-Wealth.com

Interesting,

The dead giveaway on this post is the sentence that there is a low level of inflation in the Iraqi economy? What planet was this person on when they made this statement? LOL LOP never made sense, but when combined with the sentence of low inflation, you just have to laugh. The only reason for a lop is when inflation is in a runaway mode, and how this would make sense when stating just the opposite about inflation flies in the face of common sense, not that anything makes sense in Iraq, but this makes zero sense in my opinion.

Good luck and health to all, Mike

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EGGzactly!!! Lops are done in Nations that have hyper-inflation and citizens carrying wheelbarrels of cash around for purchases. Not at all the case in Iraq, de****e their troubles. And as a matter of fact the 17% increase in IQD value since Nov 2006 has shown it can impact inflation in a positive way. In other words their stable currency has shown to curb inflation, thus they have a workable tool at their disposal. Here's one small snippet I've written for the Munny Model that I never put out with all my other theories and Tables, just food for thought on how deeply they planned this new currency and values:
====================
SIZE DOES MATTER!!!!!

Note Design and Size:

As long as we are on the subject of the Denominations, one other aspect of the actual notes we can look at is the physical size. Now for the most part physical size of many Nations currency varies widely. You can have rather large notes intended for general commerce and circulation and in another Nation you can have similar values on much smaller parchment. Being that the New Iraqi Dinar is the newest “real” currency on Earth, we might be able to make a few guesstimates what the sizes mean.

First off let’s take a look at the 25K, 10K, and 5K notes. Hold those notes in your hand and grab a few American bills of varied denominations and compare them. You’ll find the New Iraqi Dinar notes feel bulky and big. The United States monetary system is the standard by which all other countries are based upon and judged by. The sizes of notes we use in massive everyday commerce are the size of the bills currently in your pocketbooks. De****e its ups and downs the American economy has overall been an overwhelming success in the scale of World history. This current bill size has evolved over a very long economically stunningly successful period. So, again, what do the bulky 25K, 10K, and 5K tell us? Most likely that these will be the first notes to be “Valued Out” of the Iraqi Denominational Scale.

Now take a look and feel of the other New Iraqi Dinar notes, the 1K, 500, 250, and 50 Dinar notes. They feel and look like everyday commerce sized bills we use here in the USA!!! This shows the depth that Brigadier General Tant, the CBI, etc, put into the pre-thought and production of the new currency..

So, what can we deduce about the various physical sizes of the New Iraqi Dinar? Surely there could be many answers to that question, but a logical one follows the entire Munny Model value line. The 25K note is clearly slated to be valued out and eventually become a bank-to-bank exchange note. The 10K note will be a savings bond type note for the average Iraqi citizen sometimes used in commerce for ease of purchase of high ticket items. The 5K note will be similar to the USD $100 and $50 notes. Partially used as savings and partially used in commerce. The rest of the notes are easy and fall right into line. The 1K notes will be the equivalent of the $20 bill USD. The 500 note will be the equivalent of the $10 bill. The 250 note will be similar to the $5 USD bill. And finally the 50 IQD note is slated to be the $1 bill of Iraq. In fact, if you do the math, these denominations on a huge coincidence (or purposely) line up perfectly to their USD equivalents I listed above. 20/1000 = .02, 10/500 = .02, 5/250 = .02 and finally 1/50 = .02!!! That leaves the 25 and 10 IQD coins as the Iraqi “pocket change” with the potential of adding other denominated notes or coins later on such as the 5 and 1 Dinar coin.

Q: At what point would the 25K note be “valued out” of the Iraqi Denominational Structure?

According to some, tomorrow!

The LOP is a totally ludicrous notion for Iraq...applies more to Russia and Venezuela.