1991 Kuwaiti Dinar Revaluation a Valid Point of Comparison for Modern-Day Iraq’s Currency? When considering the situation in Iraq specific to its currency, the New Iraqi Dinar, a quick Google search...
2021 Iraq vs. 1991 Kuwait: The Similarities Are Striking
When considering the situation in Iraq specific to its currency, the New Iraqi Dinar, a quick Google search turns up a plethora of articles referring to investing into Dinar a “scam,” ridiculing those who have invested into the Iraqi currency in pretentious fashion, and others that seem to be telling anyone who will listen or read that the situation today in Iraq cannot be compared to the situation 30 years ago in Kuwait.
But are these arguments actually valid? An in-depth look at tangible points of comparison between the two nations and their respective currencies suggests there may be far more validity to the idea that the Iraqi currency could someday recover to its pre-war, pre-sanctions foreign exchange rate.
Read full article here: 2021 Iraq vs. 1991 Kuwait
