Pimpy
The difference between Kuwait and Iraq is...Saddam Hussein printed so much money that their dollars were super inflated. They had to add zeros to their currency...Kuwait didn't add any zeros...
If [Iraq is] going to go to that exchange rate of $3.28 they're not going to do it with these inflated dollars.
They're first going to delete the zeros, then they'll change the exchange rate.
That means your 25,000 dinar is only going to be 25 dinar...
For us Americans when we go to make our exchange we now have a 25 note...times $3.28...Your 25 note is now worth $82...
Is there a possibility they keep the zeros on there? Yeah, there's a possibility. Anything is possible...But...the odds are they're going to remove the zeros.
The Kuwaiti dinar has always been the same denominations. Nothing has changed. When Iraq invaded Kuwait...you had quarter...half...one...five...ten...twenty. After Iraq was chased out...Kuwait just redenominated their currency.
They changed the way the bank notes looked is all they changed...They didn't have to change the nominal value of the dollars....
There never was a need to delete the zeros. Their currency was not inflated like Iraq's was...There was no inflated dollars, there wasn't a revalue, there was just a reinstatement.
They just had new looking bank notes. That was it. When Iraq invaded Kuwait...[Iraq's] currency were lower denominations and their rate was $3.22..
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