When and why would you use 저는 xxx이라고 합니다 to introduce yourself?

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Apr 8, 2011 00:10
When and why would you use 저는 xxx이라고 합니다 to introduce yourself?

I am assuming it is just another way of saying I am/my name is but it seems very odd, and I've not seen anyone use it before. What exactly is 라고