You might not know this but Kuwait invalidated huge quantities of stolen currency. Many holders of the stolen notes discovered they couldn’t exchange them. Imagine smuggling millions or billions of dinar…and you go to turn it in and it’s like, nope, it’s null and void. The Kuwaiti government refused reimbursement for certain serial number ranges tied to the theft…A lot of people talk about the large money supply in Iraq as being the argument against a possible Iraqi dinar revaluation…I would argue to say the amount of Iraqi dinar smuggled and stolen from the central bank over the last 23 years…far outweighs the amount that international investors currently hold. Is Iraq going to put something similar in place comparable to what Kuwait did in the early ’90s to make a lot of that stolen currency is null and void? …That would greatly reduce the money supply in a split second. :Stephen
