What's dropping 3 zero's mean
+3
therealbutterfly
fpark121
aircam
7 posters
What's dropping 3 zero's mean
I am new to this opportunity and see that some are posting that if I have a 10,000 dinar note does that mean I will only have a 10 dinar note to RV. Can someone explain. Please?
aircam- New Member
- Posts : 14
Join date : 2011-08-04
Re: What's dropping 3 zero's mean
No, You will not have $10 dollars, Your Iraqi Dinar reads Ten Thousand Dollars & 10,000..
So, If there is no LOP you will have whatever the amount the IQD is pegged to.. Such as the EURO,POUND,
USD.. To make the long story short if it come in a $2.00 you will get $20,000 minus taxes & bank fees, so you will walk out of your bank with around$17,000 dollars for that 10,000 dinar.. This would make alot of us really happy..
So, If there is no LOP you will have whatever the amount the IQD is pegged to.. Such as the EURO,POUND,
USD.. To make the long story short if it come in a $2.00 you will get $20,000 minus taxes & bank fees, so you will walk out of your bank with around$17,000 dollars for that 10,000 dinar.. This would make alot of us really happy..

fpark121- Active Member
- Posts : 65
Join date : 2011-07-17
Re: What's dropping 3 zero's mean
what does LOP mean , sorry, thank u for the reply.
aircam- New Member
- Posts : 14
Join date : 2011-08-04
Re: What's dropping 3 zero's mean
A lop or redomination is when a country removes the zeros from their currency, aka 'lopping' their notes. Turkey and Romania did this several years back. Where they dropped 6 zeros (turkey) and I think 4 (romania). So if Iraq lops, then they would make the large notes equal to the new small notes they will introduce. So a 25k note will have the same purchase power as a 25 note. At the stores you can use either to buy the product. Prices, bank accounts, loans, etc all get adjusted. It is basically an accounting thing to make it easier to do transactions.
Worst case is if iraq lops, you break even. Personally I dont think they will straight lop, i think if they lop, they will raise the rate too.
JMHO
Worst case is if iraq lops, you break even. Personally I dont think they will straight lop, i think if they lop, they will raise the rate too.

therealbutterfly- Elite Member
- Posts : 2416
Join date : 2011-08-02
Re: What's dropping 3 zero's mean
aircam wrote:what does LOP mean , sorry, thank u for the reply.
"lop" the most dreaded word in all the dinarian realm. Basically it means to cut off. A ,10,000 bill = 10 new notes, they both exist at the same time and have equal value. Anything over the new 100 iqd would have three zeroes lopped off in value and correspond to the lower bills.
This is just one possibility in a world full of possibilities.
Alchemist- Elite Member
- Posts : 3724
Join date : 2011-07-07
Location : Eastern Time Zone
Re: What's dropping 3 zero's mean
how do we know if they do a LOP
aircam- New Member
- Posts : 14
Join date : 2011-08-04
Re: What's dropping 3 zero's mean
aircam wrote:how do we know if they do a LOP
You will know when it happens. There will be an announcement and transition time no matter what happens. No one can guarantee that it wont happen and dont believe anyone who says they can unless they are willin to pay you if they are wrong lol
therealbutterfly- Elite Member
- Posts : 2416
Join date : 2011-08-02
REALBUTTERFLY
ARE U BUTTERFLY FROM DS MEDICS SITE




ptlgirl- Active Member
- Posts : 37
Join date : 2011-06-19
Re: What's dropping 3 zero's mean
there is no lop you cannot lop when you have a 3.0% inflation you lop when your inflation is 1200% or somthing like that what they are doing is droping the 3 0 bills but for us it doesnot matter because we are cashing in for usd we are not exchanging the 3 0 bills will be destroyed or will be for inter bank in iraq the reason for it is the book keeping over there say a loaf of bread is 1000,00 dinar and soda 2000 dinar and diapers are 5000 dinar now that is 8000,00 dinar now they are going to have taxes acording to a article well you have tax on that so one customer what if you had 200 like that a day at the end of the day your calculator will error out not enough decmal points so you would have to do everthing by hand and you know how much time that would take now think about the car dealer or the furniture store plus you go shopping you need to take your childs red wagon full of money to shop that brings the point of low denoms if you turn all your 3 0 bills for all small ones and go to the store or go to buy a car or a referator or somthing big they have to get the red wagon again or 5 gal buckets to do this so what do you think is next yes they have to r/v so these people dont have to do this and also there saftey if people go out and try to countefit these bill then they will not blink to go up to the people kill them and rob them and take there red wagon full of there life savings sorry this got so long but some of the new people are totaly lost on some of these terms i hope this will help you but dont even think about a lop it is not happening good luck procomp1

procomp1- Active Member
- Posts : 50
Join date : 2011-06-21
Re: What's dropping 3 zero's mean
sorry real butterfly i was typing and did not see your respond if i did i would not have done it in other words im not stepping on you toes lol lol anyway give us the scoop are you the real original butterfly from a couple of older sights 2 3 years ago we really want to know lol please if so they need a mod like you welcome
Thanks procomp1
Thanks procomp1

procomp1- Active Member
- Posts : 50
Join date : 2011-06-21
Re: What's dropping 3 zero's mean
ptlgirl and procomp, why YES I am! The one and only! LOL!!!! Someone stole my name on here so I had to go with this one instead lol. Good to see you again! Hope you feel the same 

therealbutterfly- Elite Member
- Posts : 2416
Join date : 2011-08-02

» Finance Committe Member: Delay dropping zeros from IQD may harm economy; Chapter VII creates opportunity to drop zeros, raise value of IQD
» WILL THERE BE AN RV WITH DROPPING THE ZEROS
» CBI says dropping zeros next year
» Editorial: Dropping the three zeros
» ALL THE NEWS FROM THE C.B.I. RE; DROPPING THE ZEROS, SUMMED UP, IN ENGLISH, WITH NO B.S. !!!!!!!!!
» WILL THERE BE AN RV WITH DROPPING THE ZEROS
» CBI says dropping zeros next year
» Editorial: Dropping the three zeros
» ALL THE NEWS FROM THE C.B.I. RE; DROPPING THE ZEROS, SUMMED UP, IN ENGLISH, WITH NO B.S. !!!!!!!!!
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» 74.2 million people in the USA have not had a single dose of a Covid-19 Vaccine, & another 157 million have refused a 2nd or 3rd dose according to CDC
» Unprecedented Mortality Rates – must be Climate Change!!
» Thailand giving away one million cannabis plants to encourage citizens to grow natural medicine
» America is being suicided by John Kaminski
» Textbook Tony
» Angela Hitler gathers lieutenants in Germany to mourn loss of Fourth Reich
» 10 years of the new notes came out!
» The Association of Brokerage Companies: Changing the dollar exchange rate contributed to raising the value of Iraqi shares
» Iran: Exports to Iraq amounted to $9.5 billion
» Al-Hakim calls for choosing the next prime minister within specific criteria
» What does Iraq look in a post-Sadr era?
» Sadrist leading figure to the Coordination Framework: the fire you made will burn everyone
» Iraqi parliament swears in new members to replace Sadrists
» USD/IQD closes slightly lower in Baghdad
» Norway offers US$ 7.5 million to Iraq
» Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq
» Iraq’s exposure to US securities was up to about $28 billion in April
» The Central Bank: We have taken effective measures to protect the banking sector and combat money laundering
» Al Qirtas Islamic Bank - The first use of modern systems from DN SeriesTM ATMs in Iraq
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» Central: The Letter of Guarantee platform issued more than 30,000 letters, worth 9.3 trillion
» The Governor of the Central Bank discusses obstacles to the work of Islamic banks with the International Rating Agency
» The Central Bank of Iraq decides to sell the dollar to pilgrims at the official exchange rate
» The central bank is moving at a steady pace to support and revitalize the economy
» The central electronic platform for letters of guarantee enhances confidence in banking transactions
» Who's on First?
» Frank26 says - From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Meta 1 Coin Has Crack Team Of Lawyers? Why Is Dave Schmidt Still Rotting In Jail?
» California pot shops prepare for their first day of legal recreational marijuana sales TODAY
» One Crazy Guy
» CBI sells $1+ billion in forex for second week in a row
» Iraq and the World Bank hold a workshop to develop public debt management
» Combating financial crimes enhances confidence in the banking sector
» Forex-US dollar notches in Baghdad
» USD/IQD closes lower in Baghdad
» What Happens when Cancer is treated with Cannabis? VIDEO
» VIDEO: Viral Hydroxychloroquine Doctor Demands Joe Biden Apologize After Media Finally Acknowledges HCQ Works
» USD/IQD closes slightly higher in Baghdad