When I read…Rates having Parity in the Middle East – There can never be parity unless the variables are similar, Kuwait and UAE have billions in circulation, Iraq has trillions. I can remember when there was parity between the UK and US, $2.40/GBP and 240 pennies/GBP. Then there was a redenomination in the UK making 100 pennies/GBP. A redenomination in Iraq would bring the currencies much closer together.
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