Maybe Just Maybe..

[rw.sutton]

I may be totally wrong, but does this make sense. Ive read somewhere, that....if I'm not mistaken .a country that was at war, that WE take over can not be considerd on there own untill we "leave"which I understand that we never really leave. But, point being is, that I don't think a country that we are "still in charge of "can or will rv. .think they have to be big kids and be on there own, before doing so..not sure but it makes sense......now does that mean that the troops leaving, is the trigger. Can be argued either way...could be that the country is now all growed up, and on there own . Or, can be argued that the troops leaving is the trigger..either way, I think we are close..

The US formally started troop withdrawal (Operation Phase Echo) on March 10, 1991. The Kuwaiti dinar revalued on March 24th.

Not trying to be any kind of Guru, Just a few thought s I had, Thank You Dinar Vets, for letting us share our opinions..Go RV...

[blaineage]

I like it!!

[Lanceman_1]

Sounds good to me and quickly to an RV.........

[precious1]

Let's keep our fingers crossed! Good find!

[STI4RV]

The KWD never RV'd. Confidence was simply restored to it once we ousted saddam. I like the theory and personnaly believe it will happen once we are in "process" of leaving and with that they will be released from Ch. 7.

[patriotic party girl]

Great find i like the way you put it in perspective

[rw.sutton]

The KWD never RV'd. Confidence was simply restored to it once we ousted saddam. I like the theory and personnaly believe it will happen once we are in "process" of leaving and with that they will be released from Ch. 7.

This is what I was reading, in past DV, post..

Posted 09 February 2010 - 09:49 AM

Due to lack of experience, some speculators thought that with the war over, the Iraqi dinar would strengthen like the Kuwaiti dinar after the 1990-1991 Gulf War. But the Kuwaiti dinar was always a strong currency and the invasion there was short-lived, unlike Iraq.

http://www.bankintro...com/kuwait.html

IMF History

http://www.imf.org/e....ition_flag=YES

-----

-The infrastructure & banking system remained intact,unlike Iraq

-The government remained stable,unlike Iraq

-The GDP and Oil production resumed normal operations within 7 months

**The Government never officially devalued the KWD,the people lost confidence in the KWD,and uncertainty of the future and sold for USD at a lower rate(0.10 -$1.00 USD)

This happened again,albeit briefly at the start of OIF ;(above re: confidence factor)

Kuwaiti Dinar Exchange Rate Falls in Border Areas

30/03/2003

http://www.menafn.co...p?StoryId=16742

-The Government reissued the Currency in a 4th issue at the previous rate prior to Gulf War

Conversion Table: USD to KWD

and KWD to USD (Interbank rate)

http://www.oanda.com/convert/fxhistory

currency tools-FX history- oanda.com

set starting date:07/01/90 and ending date: 03/03/91.

07/30/1990 0.28950-07/31/1990 0.2880-currency per U.S. $

3.41880-U.S. $ equivalent

03/28/1991 0.29050 03/29/1991 0.29050-currency per U.S. $

3.4790-U.S. $ equivalent

Central Bank Kuwait-http://www.cbk.gov.kw/WWW/index.html

under market data, click:exchange rates- click:Avg. KD/USD Exchange Rate for history

this third issue was

withdrawn from circulation effective March 24, 1991 when the 4th issue was introduced

The unit of currency in Kuwait is the Kuwaiti Dinar (KD), divided into one thousand Fils.

rate is set at 299.63 fils per dollar with margins of �3.5%.

Read more: http://dinarvets.com/forums/index.php?/topic/7404-what-happened-when-kuwait-revalued/#ixzz1ckNxyho5

[rw.sutton]

Thanks everyone, for your input, Heres to an RV..