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One needs only to look at the position of the dinar to realise that the collapse of the currency is nigh.
Protests from the landlord classes reduced this relatively low rate to 67 dinars and taels.
Second, instead of devaluing the dinar in the 1980s, leaders arbitrarily pegged it to a basket of convertible currencies.
The ensuing price rises allowed public enterprises to ' recuperate ' more than 20,000 million dinars of profits from the black market.
Parallel markets will disappear if the rules governing foreign trade are changed and the dinar made convertible.
One thousand dinars is stylishly called a "kilo".
A concomitant financial restructuring, which injected 60,000 million dinars into enterprises by 1987, bolstered sales, profits, capacity utilisation, and productivity in almost every sector.
He also left a piece of land worth 300,000 dinars.
