Sandy Ingram
Kuwait, is a country that successfully revalued its currency in the early 90s. Following the Gulf War Kuwait's economy was in ruins, yet within a short span the Kuwaiti dinar was reinstated as one of the most valuable currencies in the world...Unlike Iraq, Kuwait had a relatively stable political environment and a resilient economy backed by vast oil reserves.
The international community had faith in Kuwait's ability to rebuild and stabilize which facilitated the revaluation process...A stable political environment, a strong economy, a positive balance of trade and the trust of the international markets are all critical ingredients for successful revaluation. It's not a magic wand...
Reuters Article: "Iraq's Kataib Hezbollah says it suspends attacks on US forces" "Iran-aligned Iraqi armed group Kataib Hezbollah announced on Tuesday the suspension of all its military operations against U.S. troops in the region, in a decision aimed at preventing 'embarrassment' of the Iraqi government, the group said."