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<p>[QUOTE=&quot;JohnnyProv, post: 364516, member: 14077&quot;]<p style="text-align: center">The dinar was introduced in 1960, having been established as a unit of account in 1958. It replaced the FRANC at a rate of 1000 francs = 1 dinar. The dinar did not follow the devaluation of the French franc in 1958, resulting in the initially exchange rate of 1000 French francs = 1 dinar being abandoned. Instead a peg to the US DOLLAR of 0.42 dinar = 1 dollar was established which was maintained until 1964, when the dinar devalued to 0.525 dinar = 1 dollar. This second rate was held until the dollar was devalued in 1971.</p><p><br /></p><p>&nbsp;</p><p>][/QUOTE]</p><p><br /></p>

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