[via PDK] Question: Is it true the Kuwait dinar revalued to $9 after it revalued? MarkZ: Some I know said it went as high as $9.88. But that was very briefly – for only a few hours or so as they added it to the basket. It was there and gone quickly…. It is my understanding that after the experience with Kuwait…Iraq is doing a fixed float and the Iraqi dinar will not be allowed to float like that…they are going to peg it or fix it so there is not that large of rate swing.
