Theory - 3 Zero Lop From the Exchange Rate

[ISX_TIME]

I post this for logical consideration about a the current rate and its effects of a 3 zero lop

For example: Starting with the 1500:1 exchange rate to it’s present rate of 1277:1 of course is a difference of 223 pips.

NOW at 1500:1 the dollar exchange rate was $.0006667
And at the presnt rate of 1277:1 it’s $.0007831 …Whats the difference ? I’ll tell ya…14.87%

IT’S ONE TEN THOUSANTH OF A PENNY, hardly enough to go through all this trouble with the CBI auctions, RIGHT ?

BUT……If they had dropped 3 zeros from the exchange rate when to was 1500:1 ($.0006667) then one dinar would have been worth $.67 cents

NOW if they drop 3 zeros from the present exchange rate 1277:1 ($.000793651) they get $.79 cents for 1 dinar

A total rise of $.12 cents (still amounts to 14.87%) but now can be felt in Iraqis every day living.

NOW lets say the rate eventually drops to 1000:1 (the Iraqis get a 33.33% increase in their dinar)

If at that time they decide to lop 3 zeros then each dinar will be worth $1.00 (ONE DOLLAR) and still a 33.33% increase while a "no lop" would only bear $.0010 per dinar

SO AS YOU CAN SEE…..It’s better to improve the exchange rate NOW before a lop, rather then later

[cooldolphins]

HEY, THEY CAN DO WHATEVER THEY WANT, AS LONG AS IT GETS CLOSE TO = TO ONE OF MY DOLLARS! DO A JIG, LOP, TAKE A JOG, REVAL, CHANGE THE EXCHANGE RATE, whatever it takes.

[sinpe2u]

now would be the time to raise it, the numbers add up....the basket peg theory is 1.29:1 or US.79 to 1 dinar

[cooldolphins]

now would be the time to raise it, the numbers add up....the basket peg theory is 1.29:1 or US.79 to 1 dinar

I'd be tickled PINK!

[BusterBrown]

now would be the time to raise it, the numbers add up....the basket peg theory is 1.29:1 or US.79 to 1 dinar

My thoughts exactly. But what do I know?

[sinpe2u]

wouldn't a lop benefit no one? no iraqis,, not us
wouldn't they have done a lop in the begining 4 yrs ago i.e. printing 1, 5,10, 20, 100 notes that have a rate of 1277 ,.....the reprint and overnight exchange with iraq was the first plan of the war that had the most thought put into it and the only operation that went off without a hitch....plus all the security features on the NID were put in place for a worthless currency??? the NID is more 'secure' than the US dollar...well at least equally secure

so, they printed the NID with modern security features, printed even more up when more favored the new currency.......all for nothing

[oldskiier]

I post this for logical consideration about a the current rate and its effects of a 3 zero lop

For example: Starting with the 1500:1 exchange rate to it’s present rate of 1277:1 of course is a difference of 223 pips.

NOW at 1500:1 the dollar exchange rate was $.0006667
And at the presnt rate of 1277:1 it’s $.0007831 …Whats the difference ? I’ll tell ya…14.87%

IT’S ONE TEN THOUSANTH OF A PENNY, hardly enough to go through all this trouble with the CBI auctions, RIGHT ?

BUT……If they had dropped 3 zeros from the exchange rate when to was 1500:1 ($.0006667) then one dinar would have been worth $.67 cents

NOW if they drop 3 zeros from the present exchange rate 1277:1 ($.000793651) they get $.79 cents for 1 dinar

A total rise of $.12 cents (still amounts to 14.87%) but now can be felt in Iraqis every day living.

NOW lets say the rate eventually drops to 1000:1 (the Iraqis get a 33.33% increase in their dinar)

If at that time they decide to lop 3 zeros then each dinar will be worth $1.00 (ONE DOLLAR) and still a 33.33% increase while a "no lop" would only bear $.0010 per dinar

SO AS YOU CAN SEE…..It’s better to improve the exchange rate NOW before a lop, rather then later

Very pretty talk .....but hey after the lop folks if the dinar is worth $1 your 25,000 note is only 25 dinar ....Get It ??

No matter how you put it ....you are talking about a true "LOP"....

WONT HAPPEN !!!! 33% of $900 USD a year will be about $1,200 a year yeah thats an increase ..but Hardly livably !!!! no better than now ...THE OLD LOP ..theroy doesn't give them any true value ....so ..just ain't gona happen !!! SORRY !!!!

[oldskiier]

NOW lets say the rate eventually drops to 1000:1 (the Iraqis get a 33.33% increase in their dinar

Your talking lop off the dinar not the rate .....3 off the Rate makes it 1:1 and thats an increase of 1000 % fro the Iraqis !!!!

3 off the dinar makes it 33% for the Iraqis !!

A lop off the exchange rate is a RV not a lop !!!! you are confusing folks !!! :)

[cooldolphins]

NOW lets say the rate eventually drops to 1000:1 (the Iraqis get a 33.33% increase in their dinar

Your talking lop off the dinar not the rate .....3 off the Rate makes it 1:1 and thats an increase of 1000 % fro the Iraqis !!!!

3 off the dinar makes it 33% for the Iraqis !!

A lop off the exchange rate is a RV not a lop !!!! you are confusing folks !!! :)

AMEN!

[JPmonopoly]

umm!! could you repeat the part, where you said all about the stuff?
why couldnt they do a lop then adjust the exchange rate just as easily?

[ISX_TIME]

umm!! could you repeat the part, where you said all about the stuff?
why couldnt they do a lop then adjust the exchange rate just as easily?

It would take them 1000 times more money from the CBI auctions to move it just 1 pip, after a lop

[cooldolphins]

Very pretty talk .....but hey after the lop folks if the dinar is worth $1 your 25,000 note is only 25 dinar ....Get It ??

HEY, I'm with YOU. this wouldn't be good. Yikes.

[sinpe2u]

yeah, a lop off the exchange rate is good, a lop off the dinar itself is basically a reprint

[kev655]

I think there is some confusion in the difference about cutting zeroes off the value of a denomination i.e. LOP and moving a few decimal places.

I think Dinar_Time is just saying that a convenient point the Dollar value is raised by a 1000 times e.g.

Exchange rate of 1260:1 i.e. $0.00079 is moved 3 decimal places to become $0.79. Solves the problem of introducing SMALLER denominations, 25K notes would be phased out as they are cashed in to be used only by Banks/Big Business, allows traders to QUICKLY recalculate the Dinar value for goods e.g. Children's pair of shoes now IQD15000 would be recalculated to be IQD15, Bread will be priced in FILS instead of a few hundred Dinar. So, effectively, for less PHYSICAL money you increase the spending power...

Here's a few prices to see how convenient simply dividing the numbers by 1000 would make for easy recalculation and give us a reason for Smaller denominations to be introduced:

THERE ARE ALREADY 100 AND 25 DINAR COINS AND FIVE DENOMINATIONS ARE AS YET UNRELEASED.

http://www.iraqslogger.com/index.php..._Neighborhoods

[Stout Hearted Man]

SO AS YOU CAN SEE…..It’s better to improve the exchange rate NOW before a lop, rather then later

They may revalue by removing 3 zero's from the exchange rate or they will arbitrarily choose a value. They will not lop.

[Jimbojoe]

They may revalue by removing 3 zero's from the exchange rate or they will arbitrarily choose a value. They will not lop.

I agree, THERE WILL BE NO LOP if anything they will lift three 0's and make it 1 IRD to 1 USD or 1 IRD to 3.22 USD. NO LOP,NO LOP, NO LOP, NO LOP, NO LOP, NO LOP, NO LOP, NO LOP, NO LOP, NO LOP, FORGET ABOUT " LOP ". LOP IS DONE FOR,OVER, NO MORE. "DONE"

[cooldolphins]

I agree, THERE WILL BE NO LOP if anything they will lift three 0's and make it 1 IRD to 1 USD or 1 IRD to 3.22 USD. NO LOP,NO LOP, NO LOP, NO LOP, NO LOP, NO LOP, NO LOP, NO LOP, NO LOP, NO LOP, FORGET ABOUT " LOP ". LOP IS DONE FOR,OVER, NO MORE. "DONE"

Are you sure?

[graciewacies]

Are you sure?

I don't think anyone is sure.....
Every once in a while the Lop theory pops up around here and I can't sleep at night..........:(

[cooldolphins]

I don't think anyone is sure.....
Every once in a while the Lop theory pops up around here and I can't sleep at night..........:(

Yeah, last week I didn't know what Lop meant, now, it's like lop!!!

[Riceboi]

DT is trying to say it's easier for Iraq to move the exchange rate right now instead of taking 3 zeros off of the exchange rate and then tried to move it.