Iraqi Dinar Discussion Board

[Aerospace]

Kuwait basically lopped.
Kuwait had 400 million dinars, Saddam invaded and stole billions, that dropped the street value, the official value never changed.
Once that Saddam was kicked out, Kuwait issued a new currency and checked every single bill's serial number. All stolen dinars were not honored. Only the original 400 or so million were swapped for new currency. The war lasted 7 months. One manth after the was they issued the new currency. Total of 8 months.
So Kuwait effectively lopped all the stolen dinar out of the system.
The Iraqi dinar has been out for 6 full years now, there will be no big sudden RV.