MNT GOAT
..I want to bring up one more topic again today. This is the Kuwaiti dinar. I am not sure why, but this Kuwaiti dinar has been in the news so much lately and so here is yet another very interesting article.
Remember Dr. Shabibi told us that when Iraq does get reinstated its nominal rate will be no more than around 25% higher than the Kuwaiti dinar. Remember this is when the Iraqi dinar finally settles down to its nominal after the onslaught by the market once reinstated for trading. Does this mean the Kuwaiti dinar could also revalue? So what is the rate of the Kuwaiti dinar (KWD) today?
You can easily go check for yourself as it is now trading on FOREX. In an article today we read that and I quote – “the Kuwaiti dinar has maintained its position as the most expensive currency in the world for many years, and its exchange rate against the dollar is currently 1 to 3.25, while one Kuwaiti dinar is equal to 3.03 euros and 2.59 British pounds.”
My point is this in even bring up this article to you. Why would they talk so much about the Kuwaiti dinar now, and now of all times to talk about it I these last couple weeks? Is it about to have a change of rate too? Will the Iraqi dinar over run the long-standing Kuwaiti dinar in its position as the most expensive currency in the world? Is this about to happen? Just asking….what do you think?
You can go read the full article on the blog today in the Articles Section of the Newsletter. They give four (4) reasons why the Kuwaiti dinar is so strong today. Now I want you to compare these reasons to the assets that you already know that Iraq has. Do you think Iraq is far, far greater in wealth than Kuwait? Just asking…What do you think is about to happen soon?......
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