What originally devalued the currency and brought it down? It was US/UN sanctions that brought it down. At the time in 2003 when it was devalued it was the highest currency valued in the world at $3.22...Now let’s do the reciprocal of that. What happens if you take the sanctions off that brought it down? Theoretically it would reinstate back to the original 2003 value of $3.22. It reinstates…When you take the sanctions off after 22 years, it reinstates it back to where it was of $3.22…Historically Iraq’s currency has always been slightly higher currency value that Kuwait’s. Today Kuwait’s currency is $3.25.
