Zero lopping rumors get regurgitated constantly in the Dinar pastures of the Internet and tear into the hope of the unprepared Iraqi Dinar men and women. The only zero lopping are the zeros that will be lopped off of the Iraq dinar exchange rate when the revaluation occurs thereby boosting the dinar value. Any other news information on lopping that surfaces on the Internet is always isolated to a news source that is reporting on the Iraq Dinar for the ‘first time’, or someone who wants to create an article that gets mainstream attention in the dinar information world.
There is a possibility that the Iraqi banknote can undergo a ‘facelift’ to change the look and feel of the current banknote but in my opinion is highly unlikely. The reason to do this would be to try to calm the disputes over Iraqi political parties fighting over who’s people are represented in the banknote art work and what would be fair. Changing the look and feel of the banknotes would be extremely expensive in printing and in selling the idea to the court of public opinion. It is not a time for the Iraqi Government to be loosing support of it’s people by taking away any amount of trust that has been built into the current post Saddam banknotes.
Iraq’s Government has some serious political deadlines on the table with the coalition troops facing greater reductions in the next year. I know there are some research analysts and critics that will disagree with me on this but the Iraqi Banking sector faces the challenge of increasing private banking sector use among business to boost the economy instead of having the heavy hitters in business run to the Government banks for their needs as the trends indicate now. Changes in the Banknote will not be approved, mark my word. There is simply no money to support this idea. No money to fund the idea, and a very devastating negative return on investment for the Central Bank of Iraq on the long run for tampering with the banknote design at this point.
**********************************************
Written by Darren Chabluk for http://www.DrDinar.com
This article may be reprinted online or offline as long as
this ad box remains and the link is hyperlinked online
**********************************************
