Is the Iraqi Dinar Investment a Scam?
Here is what I call an Iraqi Dinar fan. All of the notes are represented. The 50 Iraqi Dinar notes are NOT being used as of 4/30/2015. See the press release below in this article to read more.
If you have purchased Iraqi Dinar in the hopes that you will become rich, you may have made a mistake.
Watch the video below:
An in depth explanation of how it works and how to avoid falling for it.
More information
News about the Iraqi Dinar Scam and other updates will be posted on this website as soon as they are discovered.
This article about the dinar scam will be updated in the future as I’m still building out my new website, thanks.
You got more chance of jesus returning then this so called rv. I bet
$100,000 it never happena
2010 Document – Special Inspector General for Iraq Reconstruction to The
United States Congress
Dinar Redenomination
The CBI has announced that it intends to implement a long-planned
Redenomination of the Iraqi dinar by eliminating three zeros from the
nominal value of banknotes.This process is meant to ease commercial
transactions by reducing errors and confusion that hyper-inflated
currencies often cause. Now that Iraq’s inflation rate has achieved a level
of stability, the move could serve to bolster confidence in the
country’s currency.The Redenomination process is set to begin in late 2010
and take two years to complete.
if you have been reading news articles it says they have not done this
because the timing is not right
https://forms.fbi.gov/iraqi-dinar-investment-investigation
That dumb bitch Maria keeps posting everyone who thinks is a scam and has
not purchased dinar will be sick when the dinar revalues next week. Just
one problem, it’s been a 6 months since those statements were made and she
is nowhere to be found. Perhaps she is the asshole that is sick!!!
Bwaaahaahaahaa!!!
Dude, a scam is something you buy and has no value and can not be sold back.
This was a presidential law signed.
And one question: why you invest so much time in proving is a scam?? who
paid you?my two questions are rhetoric.
I bet ur wife and family think u r a moron.
Folks, pay no attention to this scam artist! He is one of them! He wants to
keep you cutting his grass, don’t buy into this self serving scammer!
AMEN as the GURUS say … LMFAO
I now have 6,000,000 dinars and when it revalues very soon to what it used
to be I will have $20,000,000. Not too bad for an investment of $6,000.
petty cash
I just can’t wait to wipe off that annoying little man’s smile
Isn’t it interesting that the primary people that pounce on the Iraqi Dinar
are the people who are in the “investment industry?? As they watch their
investors slow down their investments in traditional venues, in favor
of purchasing Dinars, Their own pocketbook is suffering. So let’s throw out
half truths, and forget to mention other truths, so that we paint Dinars
into something entirely different than what it is.
Hey folks… I can’t sell Dinars,,, Therefor they are EVIL. Please come
back to MY investments! So I can make money… HOGWASH… WE WILL HAVE THE
LAST LAUGH!!!
The Kuwaiti Dinar was a completely different situation then the Iraq dinar.
It had a basis of which to appreciate. The Iraq dinar doesnt. It is pretty
much impossible for the dinar to reach any level as to be making money from
the Dinar. At best, you will break even, but thats assuming you can somehow
sell the Dinar. It is far more likely that you will lose everything. That
they will declare the Dinar void, and just reset with a new currency. Even
if that does not happen, it is questionable if you could even cash in on
your dinar, as you cant spend them out of Iraq, and even Iraq uses mostly
US dollars these days, cause the dinar is worth nothing. Great video. Sadly
pro-Dinar RV people cannot be swayed by logic. They will believe they are
going to be rich regardless of extreme proof that they wont. A country cant
just come out and say our currency is now worth 1000x what it was
yesterday. It doesnt work that way. The value of a currency is the result
of many factors in the economy, not what the government says it worth. A
government cannot set a value on its currency, thats done automatically on
the world market. Look up ‘purchasing power parity’
@mrtrax0r And why should you be right? Iraq is the wealthiest nation on
this planet and all that is going to happen is it’s currency will be
released from it’s artificial value to it’s natural value which is in the
region of $4.00 or more. Time is on my side.
@mrtrax0r I have just spoken to a relative of mine who is a senior banker
in the city of London. He stated that International Banking Laws forbid a
nation to trash the value of it’s currency by adjusting the face value of
its notes. In other words a 25,000 dinar note will always be worth 25,000
dinars and not 25 dinars and you are talking crap.
Correct. If they zero lop and a 25000 dinar note becomes 25 dinars then they will still have to honour the value. We would then be given 1000 x 25 dinar notes otherwise it would be like us taking a £10.00 note or $10.00 note to the bank and the teller saying sorry it’s only worth £1.00 or $1.00 it ain’t gonna happen
@maria cornwallis oh yeah…. well I just spoke to my 3rd cousin and he
told me that his next door neighbors momma is best friends with Barack
Obama AND he said the same thing youre saying!
Like many here, I’m a dinar investor, and I’m pretty shocked at the
inability of other commenters to even listen to what this guy has to say. I
actually applaud him for teaching me something new about markets that I
actually know very little about. Now is he right? We’ll see. But to attack
him because you no likey what he saying is lame, and reflects your
inability to handle opinions that differ from yours. He’s got great points
that are worth paying attention to in weighing the risks of the dinar
investment. Even if it makes you a little uncomfortable. That’s the way of
investing, folks. Lambasting him for giving you doubt regarding an
investment that you probably know very little about is foolish.
I’ve chosen to accept the risks of this hard currency investment, but I’m
not afraid to know what those risks are either. Shame on you all for your
simple thinking and attacking this man for trying to share his opinion, in
an effort to help you.
I, for one, am grateful for his efforts.
Iraq now has a new Prime Minister, a new President and 2 new Vice
Presidents, Sunnis, Shias and Kurds. Everybody working together in a new
stable government….. The Governor of the Central Bank of Iraq has always
said that when Iraq gains a good, stable democratic government he will
increase the value of the dinar. I don’t care what the creep in the picture
above says, I’m nearly at the point to wipe that annoying fucking smile off
his face
Dinars are purchase by Wall Mall $1.02 USD to 1,000,000Irack Dinars!! The
cheapesr shit paper of the Future
Its november and still no rv. I bet 5 years from now it still wont have
happend.
this man is clueless as to what is going on in Iraq, the IMF, the CBI and
within Parliament, the current laws that have been passed, AND the fact
that there have been “privileged” people being exchanged for their Dinar
for the past year and more so in the past 2 months at the new rate of
$3.58. Can wait for this fool to eat crow so I can ram some crow into his
annoying smiling mouth….very soon!
Nicely put Philip
COME ON SHIT FOR BRAINS ARE YOU A COMPLETE MORON OR WAS YOU BORN WITH NO
BARNS!!!!!!!!!
you are a reel dumb fuck
Yeah this guy is completely unaware of what is happening in Iraq.. I agree
some dealers are making a premium, but the Dinar is worth way more than a
thousandth of a cent..
If it weren’t so tragic, the dinar scam would actually be comedic! Truly
amazing how so many Americans remain so profoundly gullible in this day and
age, but it just goes to show that for every common grifter, there are
100 greed-driven imbeciles who will fall for their scam. :)
Another read for those gullible enough to even consider the well known
Iraqi Dinar Scam:
http://investorplace.com/2014/06/iraqi-dinar-scam/#.VMUisGctGM9
Don’t Be Fooled By the Iraqi Dinar Scam
Currency trading? Legitimate investment. And that’s what Iraqi dinar
scammers hang their hat on to bleed you dry.
Jun 3, 2014, 1:45 pm EST | By John Jagerson, Editor, SlingShot Trader
View All
Don’t Be Fooled By the Iraqi Dinar Scam
I was first introduced to the Iraqi dinar scam by a friend of mine who
asked me if it was a good investment several years ago. And I’m amazed to
see how long it has persisted, not to mention how active the scam is today.
Source: ©iStock.com/darkangel314
The Iraqi dinar scam disproportionately makes victims of people who don’t
have money to lose — including returning servicemen and women — and that’s
why I’m passionate about speaking out against it.
How the Iraqi Dinar Scam Works
The scam is basically perpetrated by dinar currency dealers, who work
through “promoters” on message boards and through church and social groups
to sell physical dinar currency. They promise that the dinar, which
currently trades at about 1,200 to the U.S. dollar, will soon be “revalued”
to a much higher rate. They usually promise returns of several thousand
percent when you buy dinar.
Cheated: How America Loses Billions to Fraud Every Year
The dealers get away with it because as long as you are not directly
promoting the dinar as an investment, the dealers can sell it without it
being a registered/regulated security.
The promoters get away with what they do because, as long as you are not
selling the dinar, you can pretty much say anything you want about it.
The connections between the dealers and the promoters are usually hidden
behind false names and corporate shells.
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For example, there is a large dealer here in my local area owned by the
wife of a popular dinar promoter who goes by an online pseudonym. Hidden
relationships like this are more common in this scam than you might think.
Very few have been shut down by the FTC or SEC, and I expect that will
remain the case in the future.
Why Is This a Scam?
The underlying premises used by the dealers/promoters to convince
inexperienced currency traders that this is a “sure thing” are relatively
easy to refute, but victims have to be willing to confirm the facts for
themselves.
Here is a brief summary of the lies told by the scammers and why they
aren’t true:
Currencies are not stocks: Scammers suggest that because Iraq sits on one
of the world’s largest (and easiest-to-access) oil reserves, the dinar will
appreciate as they export this commodity. If Iraq were a company and the
dinar was a stock this would be true, however, oil exporters work very hard
to prevent their currencies from appreciating. There is even an economic
problem called “Dutch disease” that describes what happens when a commodity
exporter’s currency appreciates in value. The bottom line is that Iraq
doesn’t want an appreciating currency because it wouldn’t do the country
any good. Iraq wants economic growth, not currency growth. If oil exports
increased the value of a currency, why don’t other exporters experience
appreciation? Much more often they experience the opposite: devaluation.
You can’t do business internationally with a low exchange rate: The
argument that a country can’t do business if its base currency (the dinar)
is only worth a fraction of a U.S. penny is a common but absurd argument.
In the modern global economy, the decimal place in an exchange rate doesn’t
matter. If it did, how could South Korea, Indonesia, Madagascar, or Vietnam
be such large exporters of consumer goods? You don’t need to look farther
than the tag on your shirt to confirm that each of these exporters, with
currency exchange rates lower than the dinar, don’t have any problems
exporting goods.
If it’s a scam why isn’t it illegal to sell dinar.
And from but a few days ago, here is a good clip from a few days ago that
introduces a few of the common grifters associated with this by now well
known scam… 🙂
http://video.cnbc.com/gallery/?video=3000346909
Don’t the people on Dinarguru and Dinarrecaps get tierd of posting the same crap day after day year after year!
Not when they are getting rich doing it.