KTFA:
Suzie: Now that we’re going into February and have a new PM and a new CBI Gov, and they care so much about their people and economy, reserves at the highest, supposedly all these hundreds of companies pouring into Iraq hooked into Buna Swift, the AMF all the banking updates, nscns ready, IMF and US telling them to get this done, ascension to the WTO, countries signing major contracts, and on and on, why can’t this prettiest girl at the prom still not find her way there? Iran?? I thought they pretty well got rid of that “influence” and all I’m doing is asking this all in MY OPINION, and honesty, what’s taking so long if they’re in such a hurry? Just askin’, not looking for an argument or to get moderated, just askin’………
Cashflow: Hi Suzie, I agree 100% with you. But correct me if Im wrong but is this not the same scenario as Kuwait did? I personaly think imo after the meeting on tuesday in Washington we will see something happen. Boom all of a sudden. You have to have faith because if you dont then what do have? Just IMO.
KTFA Cont…..
Billuke: The mistake that people have made over the years in dinarland is to equate what happened in Kuwait to Iraq. Two different situations and animals. If one can find the NY Times article: AFTER THE WAR; No Electricity but Kuwait Reopens Its Banks from March 25, 1991, and other articles from around that time, you’ll see it was a quick reopening of Kuwait’s economy after the war.
DeepWoodz: Suzie…. Sounds like from what you said, Iraq is still clawing back those 000 notes! Liquidity of the dinar and the dollar drying up at the same time?! Sounds freakin awesome! That can only mean one thing, right?! All imo
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From Recaps Archives
NY TIMES(Kuwait RV): Published: March 25, 1991 It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency……Banks reopened for the first time since Iraqi occupation forces shut them down in December.
Thousands of people lined up to exchange their old Kuwaiti dinars for crisp new ones and to withdraw a limited amount of money…..The Central Bank is canceling the value of Kuwaiti dinars that were seized from the Central Bank and put into circulation by the Iraqis.
The invalid serial numbers were posted today in front of all banks in the city….All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.
