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Posted 09 August 2010 - 03:37 PM
Posted 09 August 2010 - 04:38 PM
Posted 09 August 2010 - 05:57 PM
I thought, someone here at DV, had a father or a friend of their father's that made like, 50 million off of the kuwaiti dinar. I can't remember who it was, but, hopefully they will read this post and perhaps shed some light!
Read more: http://dinarvets.com...5#ixzz0w9irhHth
Now that is a funny statement...Thank you for a good laugh.... Think about it though..really...Someone made 50 million on the Kuwaiti Dinar...and you think there is even a remote chance they will read the posts on this site...that is funny... They are probably laying on a beach sipping umbrella drinks...not going over this site every night like we do... Thanks again..I am still cracking up.
Posted 09 August 2010 - 06:26 PM
Dog, I saw the figure 7 in a chat yesterday, when did the kd rv do you know?
Posted 09 August 2010 - 06:28 PM
Posted 09 August 2010 - 06:41 PM
Edited by letsroll, 09 August 2010 - 06:42 PM.
Posted 09 August 2010 - 07:01 PM
Posted 09 August 2010 - 07:04 PM
Posted 09 August 2010 - 08:11 PM
There has never been any proof of people making a ton of money when Kuwait rv'ed. It is so easy to come here and say anything you want and not have proof. You will never see any proof of that happening on this or any other site. The best you can hope for is to make a little money in the end, or at least come out even. JMO
Posted 09 August 2010 - 10:26 PM
Wow...So Touchy...It was still funny to me and worth the laugh... Was not meant to take a shot at you but....No I am not a guru...any more than beloved Sonny1 that everyone kissed up to. Where has he been since being wrong like everyone else. If I had anymore info....I would NOT post it in this forum anyway...People are too mean and nothing is gained for it....case and point...your comment above. I just want to wish everyone good luck in this investment and I am NOT offering anymore info.
Posted 10 August 2010 - 06:54 AM
Probably because the exchange rates for that time period are not available. I have tried digging it up myself and cannot come up with rates ...
Posted 10 August 2010 - 08:19 AM
I did not like the tone of my last post...sorry...I always liked Sonny1 too.
Posted 10 August 2010 - 08:38 AM
Posted 10 August 2010 - 09:44 AM
I wonder if Adam was involved with the Kuwait rv, does anyone know ?
Posted 10 August 2010 - 10:31 AM
Posted 10 August 2010 - 10:49 AM
Iraq invaded Kuwait on 2 Aug 1990. The Iraqi army sacked the Central Bank of Kuwait and made off with all their foreign currency reserves, gold and reserves of Kuwaiti Dinars.
Operation Desert Storm commenced on 28 Jan 1991 and the cease fire was ordered by President Bush on 2 Feb 1991.
Because Kuwait's currency was "Corrupted", the value fell to almost nothing. De la Rue printed the Kuwait Dinars and the plates were not kept in Kuwait, therefore, it was a simple matter to print new notes using a different color ink. There was a window in which the old notes could be exchanged for the new notes.
As a civilian contractor, I arrived in The Islamic State of Kuwait late on 2 Sept 1991. None of the oil well fires had been extinguished. As we approached Kuwait City, I had the un-nerving sensation that I was descending into the bowls of hell.
By the time I arrived in country the exchange was nearly completed; only new dinars were accepted as legal tender and the exchange rate was $3.47 to the dinar--much the same as it is today. The only money made was by a very few who acquired old dinars and then exchange them for the new notes. This transaction was in country only.
I did not know any one, ex-pat or Kuwaiti who made a killing on this exchange. I seriously doubt anyone who they did.
Hope this helps,
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