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What is meant by the 3 zeros? DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

What is meant by the 3 zeros?

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What is meant by the 3 zeros? Empty What is meant by the 3 zeros?

Post by coachm on Mon Apr 06, 2015 7:17 am

Can someone  explain what is  is meant byh the 3 zeros deleation that is stated often?

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What is meant by the 3 zeros? Empty Re: What is meant by the 3 zeros?

Post by Kevind53 on Mon Apr 06, 2015 8:24 am

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.

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What is meant by the 3 zeros? Empty Re: What is meant by the 3 zeros?

Post by FS4Enthusiast on Mon Apr 06, 2015 9:59 am

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.

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