On Sunday, March 24, 1991, Kuwait altered the rate. Every time these nations alter the value of their currencies by more than 20%, they do it on Sundays. Iraq is contemplating a 3,000% to 4,000% increase. When all global markets are closed, they must do it. In the US, that would be your Saturday or Sunday.When all global markets are open and have a significant influence on other global markets, they cannot alter a rate by 3,000% to 4,000%.Kuwait did it precisely that way—on their Sunday morning.
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