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What is meant by the 3 zeros?
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What is meant by the 3 zeros?
Can someone explain what is is meant byh the 3 zeros deleation that is stated often?
coachm- New Member
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Join date : 2015-04-06
Re: What is meant by the 3 zeros?
I don't think anyone knows for sure. There is just too much ambiguity in the translations. I could mean a LOP as some have suggested, but other who suggest the zero's behind the decimal point in the exchange rate may also be correct. I only hope that you did not get into this because it was a sure thing, or a quick one, because it is neither. This ride is high risk, and the way things look right now, it's going to be a while before we get to the end, whatever that may be.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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Re: What is meant by the 3 zeros?
It's a lop. When you see articles like the following that reference Turkey (who lopped) doing the same thing, there is zero ambiguity:
http://www.iraq-businessnews.com/2011/06/27/iraq-prepares-to-redenominate-its-currency/
There have also been articles referencing Mexico and Russia, both of whom lopped. Numerous articles. Not every single article explains it like they're talking to a six year old, because they don't need to because Iraqis don't think their currency is going to appreciate by 100,000% like some American speculators erroneously do.
Also completely unambiguous are articles like the following, which explains there won't be an increase in purchasing power:
http://www.al-monitor.com/pulse/originals/2013/10/dinar-currency-iraq-plans.html#
Central Banks hide RVs of 0.5%, the notion that they'd announce a 100,000% RV years in advance is absurd.
http://www.iraq-businessnews.com/2011/06/27/iraq-prepares-to-redenominate-its-currency/
There have also been articles referencing Mexico and Russia, both of whom lopped. Numerous articles. Not every single article explains it like they're talking to a six year old, because they don't need to because Iraqis don't think their currency is going to appreciate by 100,000% like some American speculators erroneously do.
Also completely unambiguous are articles like the following, which explains there won't be an increase in purchasing power:
http://www.al-monitor.com/pulse/originals/2013/10/dinar-currency-iraq-plans.html#
Central Banks hide RVs of 0.5%, the notion that they'd announce a 100,000% RV years in advance is absurd.
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