KTFA
Osmosis » October 17th, 2019
Kuwait didnt RV, they did an RI...…..big difference, IMO
HoosierGirl » October 17th, 2019
No actually they did revalue. From one article: "In February of 1991 Iraq was expelled from Kuwait, and a month later, the banks revalued their currency to $3.47, the highest valued currency in the world." And there are several others stating a revalue.
ChrisC » October 17th, 2019
I read an account of a guy that invested with his Dad told by him. He said they had contact with a Kuwaiti vendor and he would call them once a week or so and give them updates. Finally he said they came out at 1.00 and they rode the rise on Forex up to 7.00 and got off. He said it went to 9.00 or so within another week or two and then collapsed almost straight down to 3.47.
FloridaGuy » October 17th, 2019
I was in the first gulf war 1990 - 1991. I was in the Air Force. We were advised that we were unable to purchase any Kuwaiti currency and it would be confiscated if we were caught with any. Therefore when I was advised about the Executive Order giving us the ability to purchase the Iraqi Dinar as a investment I jumped on it. Hope this helps, I don't know of any service members that were able to cash in on Kuwait.
ChrisC » October 17th, 2019
As I have heard the story, only a few upper level officers. But you are right, anybody below a Captain was ordered not to touch it.
Source: Dinar Recaps
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______________________________________________________
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Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Osmosis » October 17th, 2019
Kuwait didnt RV, they did an RI...…..big difference, IMO
HoosierGirl » October 17th, 2019
No actually they did revalue. From one article: "In February of 1991 Iraq was expelled from Kuwait, and a month later, the banks revalued their currency to $3.47, the highest valued currency in the world." And there are several others stating a revalue.
ChrisC » October 17th, 2019
I read an account of a guy that invested with his Dad told by him. He said they had contact with a Kuwaiti vendor and he would call them once a week or so and give them updates. Finally he said they came out at 1.00 and they rode the rise on Forex up to 7.00 and got off. He said it went to 9.00 or so within another week or two and then collapsed almost straight down to 3.47.
FloridaGuy » October 17th, 2019
I was in the first gulf war 1990 - 1991. I was in the Air Force. We were advised that we were unable to purchase any Kuwaiti currency and it would be confiscated if we were caught with any. Therefore when I was advised about the Executive Order giving us the ability to purchase the Iraqi Dinar as a investment I jumped on it. Hope this helps, I don't know of any service members that were able to cash in on Kuwait.
ChrisC » October 17th, 2019
As I have heard the story, only a few upper level officers. But you are right, anybody below a Captain was ordered not to touch it.
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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