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Re: Rasica post# 18938

Tuesday, 12/30/2008 12:57:38 AM

Tuesday, December 30, 2008 12:57:38 AM

Post# of 29692
I’m sure that most understood, but I will give a more detailed explanation just for you.
The Kuwait Central Bank issues currency. They had issued less than 400 million dinars when Saddam invaded. Sitting in the vault or vaults of the Kuwait CBI were billions of un-issued dinar. Saddam stole those billions, so with only millions on the street, then Saddam stealing and flooding the market with billions, that’s why people lost confidence in the currency.

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