Investing in the Iraqi Dinar is a very risky investment. You should be aware of scams and scam artists who might try to rip you off. However, with some advice, you can avoid falling into the trap. In this article, we will cover some important points about Iraqi dinars and how to protect yourself.
Also read about Dinar Chronicles.
Investing in Iraqi dinars
Investing in Iraqi dinars is not without risk. It is important to know how to avoid scams when investing in these dinars. As a rule of thumb, do not purchase more than you can afford to lose. If you invest in a currency, you should consider its value in comparison to the dollar. In addition, you should not invest in a currency that has little value, as this is a prime candidate for counterfeiting.
Many dinar scammers will convince you to invest by telling you that they have inside information on upcoming revaluations. The revaluation would instantly put the Dinar on par with the dollar, making you a millionaire or billionaire. The scammers will also regale you with information about oil reserves and money from the open market. They may claim that they have special permission from the U.S. government to deal in dinars, connections with the Iraqi government, and an insider’s knowledge of the exact date of revaluation.
Remember that the Iraqi Dinar will not be traded on the major banks, so you’ll have to buy dinars from money changers who are not registered. These money changers will charge you fees, which could amount to 30% or more. This is already a substantial portion of the exchange rate, so make sure to find a reliable money exchanger in order to minimize risk.
Investing in Iraqi dinars is risky.
While you’ve probably heard of the Iraqi Dinar and its exchange rate, investing in it isn’t a good idea. The problem with this currency is that dealers are selling it at a much higher exchange rate than it actually is. Even though the Dinar isn’t illegal, people selling it can use their knowledge of the market to try to swindle you.
There are several warnings about investing in Iraqi dinars. For example, the Iraqi currency has devalued and is highly volatile, so there’s no way to invest in it in a way that will give you a high guaranteed return. Fortunately, there are some simple steps you can take to protect yourself from scams and ensure your investment is safe.
If you’re interested in investing in Iraqi dinars, you should know that the future value of the currency depends on a number of factors, including inflation and the outcome of the ongoing war in Iraq. Investing in the Iraqi Dinar should be considered only for those who are financially secure and who are willing to take a risk.
Iraqi dinar dealers typically refer to the value before the 1990 invasion of Kuwait, when the Dinar was valued at $3+ U.S. dollars. The Iraqi government was unable to control the currency value after the embargo, so the currency’s value was arbitrarily set and demonetized. The result was a period where the Dinar was stuck between 2,000 and three-hundred dollars per U.S. dollar, and its value remained low for 10 years.
Investing in Iraqi dinars is a scam
The Iraqi Dinar is a currency worth a lot of money. But it is also a scam. Scammers try to convince you to invest in it and make a lot of money. They claim to have inside information on how to time the revaluation so you can become instant millionaires or billionaires. They also tell you about the oil reserves in Iraq and the money you can make on the open market. However, you should be cautious and avoid investing in these scams.
The Iraqi Dinar is a relatively new currency. For years, it was worth less than a penny in the U.S., but that didn’t stop the scammers from fooling American investors. These con artists advertise the Dinar as an amazing investment opportunity, promising a thousand percent return if the Iraqi Central Bank revalues it.
The revaluation of Iraqi Dinars, also known as the Global Current Reset, will be a scam. It will continue to be a scam for at least 50 months. The Iraqi Dinar will never lead you to riches, so if you’re considering investing in it, call 1-80G-ETA-LIFE now. As of April 1, 2014, there were over 30 million posts and 14,000 rumors about the impending revaluation. Whether or not it’s true is up for debate, but the fact remains that investing in the Iraqi Dinar is a scam.Trading in forex is risky business. Despite its popularity, there are no guarantees. Iraq’s volatile state is another concern. Moreover, any false claims or misleading statements from the promoters of Iraqi Dinars are red flags. In order to avoid scammers, only invest in legitimate money exchangers that are registered in the country. Read more on balthazarkorab