Pimpy Post 2 of 2

The Iraqi dinar at the time was worth $3.22…Kuwait dinar…$3.45…internationally the currencies were not usable.  Central banks refused to acknowledge the currency and therefore it had no value.  The U.S. liberated Kuwait February 28, 1991 and shortly after Kuwait redenominated their currency.  So it’s not so much the currency was revalued as much as it was re-denominated, which is different…I’m anticipating [Iraq] is going to do the same thing Kuwait did…you’ll be able to exchange your old dinars for the new dinars and they’ll just reinstate the rate.  [Post 2 of 2]