I know this is about the Iraqi Dinar, but a good precedent will encourage and enlighten many of us. Just 14 years ago, Kuwait was in a similar situation (war, cheap value of currency, etc.) so I believe we can draw from the history of Kuwait's Dinar to draw our own conclusions about the New Iraqi Dinar.
However, I need some background information on the Kuwaiti Dinar's rise after the first Persian Gulf Conflict in 1991. I've searched and searched, but nothing goes back that far. I know weblogs and the extent of the internet was not as prevalent as it is now, and no less in the Middle East, so I've had a hard time finding any hard news on the KD back then.
I heard (and this is not confirmed) that the KD (Kuwaiti Dinar) just recently reached the pre-war level of about $3.30 USD to 1 KD. Just last year. Doing a little math, that took about 13 years.
What I want to know is:
1. What was the lowest value of the KD after the invasion of Iraq into Kuwait?
2. How long did it take to rise?
3. Was it a sudden jump, or did it float gradually upwards?
4. What were the events the preceded any possible "peg"?
We all know it was worth dirt when Kuwait was invaded, then rose and is now the highest valued currency on earth! And of course, Kuwait had an economy before, no insurgency, a working government, infra-structure, etc.
But what was the rise like for the KD?