Iraqi Dinar Discussion Board

[Panhead]

Kuwait was a total different situation, not really comparable.

Kuwait dropped the value of their currency because Saddam looted their bank and made off with vast amounts of it.
To remedy this problem they dropped the value, locked the borders and changed the currency then reopened the borders leaving Saddam with a bunch of worthless currency.

Folks also must keep in mind when the NID was introduced the rates that was exchanged.....10 to 1 for Saddam dinar and 3 to 1 for the "swiss" dinar.......now we're expected to believe that the CBI managed inflation rates under IMF guidelines for almost 6 years for them to lop the currency again?......I don't believe that for a second.