Latest topics
KTFA Members Argue About The Kuwait RV...Or RI? (Weren't They Just Suspended? LOL) 10/17/19
Page 1 of 1
KTFA Members Argue About The Kuwait RV...Or RI? (Weren't They Just Suspended? LOL) 10/17/19
KTFA
Osmosis » October 17th, 2019
Kuwait didnt RV, they did an RI...…..big difference, IMO
HoosierGirl » October 17th, 2019
No actually they did revalue. From one article: "In February of 1991 Iraq was expelled from Kuwait, and a month later, the banks revalued their currency to $3.47, the highest valued currency in the world." And there are several others stating a revalue.
ChrisC » October 17th, 2019
I read an account of a guy that invested with his Dad told by him. He said they had contact with a Kuwaiti vendor and he would call them once a week or so and give them updates. Finally he said they came out at 1.00 and they rode the rise on Forex up to 7.00 and got off. He said it went to 9.00 or so within another week or two and then collapsed almost straight down to 3.47.
FloridaGuy » October 17th, 2019
I was in the first gulf war 1990 - 1991. I was in the Air Force. We were advised that we were unable to purchase any Kuwaiti currency and it would be confiscated if we were caught with any. Therefore when I was advised about the Executive Order giving us the ability to purchase the Iraqi Dinar as a investment I jumped on it. Hope this helps, I don't know of any service members that were able to cash in on Kuwait.
ChrisC » October 17th, 2019
As I have heard the story, only a few upper level officers. But you are right, anybody below a Captain was ordered not to touch it.
Osmosis » October 17th, 2019
Kuwait didnt RV, they did an RI...…..big difference, IMO
HoosierGirl » October 17th, 2019
No actually they did revalue. From one article: "In February of 1991 Iraq was expelled from Kuwait, and a month later, the banks revalued their currency to $3.47, the highest valued currency in the world." And there are several others stating a revalue.
ChrisC » October 17th, 2019
I read an account of a guy that invested with his Dad told by him. He said they had contact with a Kuwaiti vendor and he would call them once a week or so and give them updates. Finally he said they came out at 1.00 and they rode the rise on Forex up to 7.00 and got off. He said it went to 9.00 or so within another week or two and then collapsed almost straight down to 3.47.
FloridaGuy » October 17th, 2019
I was in the first gulf war 1990 - 1991. I was in the Air Force. We were advised that we were unable to purchase any Kuwaiti currency and it would be confiscated if we were caught with any. Therefore when I was advised about the Executive Order giving us the ability to purchase the Iraqi Dinar as a investment I jumped on it. Hope this helps, I don't know of any service members that were able to cash in on Kuwait.
ChrisC » October 17th, 2019
As I have heard the story, only a few upper level officers. But you are right, anybody below a Captain was ordered not to touch it.
*****************
>>>TNTBS's YouTube Channel<<<
RamblerNash- GURU HUNTER
- Posts : 24270
Join date : 2015-02-19
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sun May 05, 2024 11:37 am by kenlej
» Go Russia
Sun May 05, 2024 10:51 am by kenlej
» Textbook Tony
Mon Apr 29, 2024 4:13 pm by Mission1st
» The Rockefellers and the controllers are freaking out right about now
Fri Apr 26, 2024 11:16 am by kenlej
» Phony Tony sez: Full Steam Ahead!
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej