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If we talk about the Iraqi dinar then it is true that those also hit by this invasion and a war began between Iraq and US along with allies. Iraq used to print notes in swiss technology after the invasion they lost it and started using inferior technology to print the notes that caused too much inflation in the country and as a result the equation reached like 3000 Iraqi dinars for 1 US dollar. Before the invasion of Kuwait and Americans interference the equation was 1 Iraqi dinar for 3.2 US dollars. After the war, Iraqi Dinar strike back a little but most of the time it was stagnant. Now again Iraqi government is looking to reevaluate its currency as 1 Iraqi dinar equals to 1 US dollar provided the original value of IQ will remain the same.

Although Iraqi dinar and Kuwaiti currency both had experienced a sudden reduction in their currency values respectively. But the conditions with both of the currencies were different in nature. Reduction or fall in the value of Kuwaiti currency was private not on behalf of the government, as people were feared to feel their currencies might be exchanged by Iraqi dinar, it would be better for them to have something instead of having nothing.

But the drop in the value of Iraqi currency was due to the highest levels of inflation, lost of swiss technology of printing notes and of-course bad results of wars and sanctions. In 2003, new and technologically improved Iraqi dinars were printed, but those were again not in great value.

After the end of the war and the departure of American troops from Iraq, I believe Iraq will get the same value of its currency notes where these were standing 2 decades ago. With the inclusion of strong leadership and decision making power of the government that day is not too away when Iraq will be the leader of the world’s economies with its dynamic utilization of oil reserves.

Iraqi dinar would have the same fortune like the Kuwaiti dinar got after the settlements of First Gulf War.