Why Iraqi’s Dinar Should be Around the Value of Kuwaiti’s Dinar

Why Iraqi’s Dinar (IQD) should be around the value of Kuwaiti’s Dinar (KWD) at USD 3.3 By Maijanfad (1 July 2018) When one looks at the historical data available in public domain, it is clear that IQD has always been the same or around the value of KWD.  Why are they far apart?  Let’s us look at 2 of the major economic indicators of both countries. These are oil and gold.  Before we begin, let’s understand the assumptions behind this writing first. It is assumed that both countries’ major source of income are coming from oil production and both have…