Currency Revaluations and Floats in the Last 52 Years

Currency Revaluations and Floats in the Last 52 Years - Kuawaitt is not on the list, and here's why: Kuwait never revalued its currency. The reality is that after IRAQ invaded Kuwait, Sadaam stole the plates used to make Kuwait dinars and tried to replace Kuwait dinars with Iraq Dinars. The Kuwait banks closed during this chaos, and everyone on Kuwait Street thought the Kuwait Dinars were worthless. At this time, you could pick up the Kuwait dinars for pennies on the marketplace streets. Some folks did this and only paid a few cents for them. After the war, the banks opened up and reinstated the Kuwait Dinar and the original value (which was somewhere around $3.31 value). Those folks who purchased the Kuwait Dinar on the streets (for pennies) simply went to the bank and exchanged it for $3.31 (roughly) each.

There were 3 actual revalues and 5 memorable currency floats throughout the globe in the last 52 years.