One of the key components of an exchange rate is going to be, what was it priced at? They tell us in the past a price that was quite ‘popular’. I’m not one to think that 1166 or 1182 or 1190 or 1460 is or was ever ‘popular’…but what’s popular? If none of those are popular we can safely presume that something prior to that…quote “restoring the exchange of the dollar against the dinar to its previous price is a popular demand by all the people.” They know their history. If we’re going to go back to when we had purchasing power it’s obviously not 1190 because they were looking for purchasing power while they were at 1190. So it’s pretty good.
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