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Economy

The currency that survived its dictator

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Sometimes a piece of paper is so stubborn it outlives the dictator who commissioned it. After the Gulf War, Saddam Hussein printed new, cheap money and invalidated the old 'Swiss Dinar'. However, the Kurdish region in the north refused the new bills and just kept using the old ones. The old bills actually gained value because Hussein couldn't print more of them to inflate the supply.

The currency that survived its dictator
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