[via PDK] Member comment: I read yesterday that the Iraqi dinar was once $3.78 to $1 USD- Wikipedia. MarkZ Answer: That is accurate. It had that value before the US declared war on Iraq. The US petitioned the UN, IMF, World Bank and all the agencies to reduce the value of their currency. So when they re-instate they put back the value from where it used to be. They artificially reduced it and now they have to correct that reduction. [post 1 of 2….stay tuned]
