We were very very wrong to compare the Iraqi dinar to Kuwaiti dinar…This is one of the biggest misunderstanding in the IQD community. The Iraqi dinar situation is completely different from what happened to Kuwait…When Iraq invited Kuwait in 1990, Kuwait already had a strong currency that was traded internationally…The Kuwaiti dinar already had real value…Kuwait’s currency value dropped because the country itself was under military occupation. But once Kuwait was liberated, its government and banking systems returned. The currency simply went back to its previous internationally recognized value. That is why Kuwait’s situation situation is often called a reinstatement rather than a brand-new revaluation. Sandy Ingram [Post 1 of 2]
