Think about this for a minute. There have been lots of LOP’s over the years. How does a country behave before a LOP? They spell it out in a VERY crystal-clear fashion for the population. They tell them in a totally unmistakable way that their large note will be the same value as the smaller note, and that the large note has a very short life span in the marketplace before they become worthless. Has Iraq in any way, shape, or form indicated any of this to their population? NO!! As a matter of fact, they have been very coy in how they are treating the “removing the 3 zeros” and have stated very clearly that the large notes will CO-EXIST with the lower denominations. I can’t see from Iraq’s behavior how this could be a LOP.