Walkingstick & Frank26

A reinstatement of a currency of a country has never started at a 3+ with its exchange rate.  Never…What about Kuwait…They reinstated.  They put back the rate that they took down…They went back to $3.22.  That is a reinstatement.  The Iraqi dinar is not doing that.  The Iraqi dinar is doing a reinstatement with a re-denomination.  That is a completely different story.  Kuwait was an RI.  Iraq is an RD plus an RI.  Kuwait could come out at its original exchange rate of $3+ but Iraq’s monetary reform is a completely different matter.  Iraq is a re-denomination that leads to a reinstatement of a new currency, for example the new small category notes.