Dinar to equal US Dollar 1 to 1!
A recent news blurb (news can come from anywhere these days!) stated that the Ministry of Finance and the Central Bank of Iraq are studying a proposal to raise the value of Iraqi dinar and make it equal to the U.S. dollar and that the new government will have a “qualitative” budget for 2007.
News like this is produced to ‘pump up’ the value of the Iraqi Dinar. Stuff like this is usually released from places that sell Dinar – so think twice before you get excited about such studies, especially if they do not reference exactly where they read such information!
I personally would love to see such an increase in the value of the Dinar, but something tells me that this is just another pipe dream. If such an increase were right around the corner, you would have every major investor jumping on this information!
Use Caution and read carefully!
Posted in Iraqi Dinar
October 31st, 2006 at 4:24 pm
Obviously you have no clue what you are talking about, or at least I hope so. I am one of the people who did buy some dinars, but not too much. Just one question to you. Explain then what happened during Kuwaiti War. During the Kuwait war in 1990s Kuwaiti Dinar was worth 10 cents, now it is $3.40!
November 1st, 2006 at 10:52 am
It is easy to fool yourself into thinking like this, but you are not comparing apples to apples. This is a popular trick Iraqi Dinar dealers use to get people to buy Dinars. People want to believe they will make a ton of money with Iraq currency, and dealers simply provide food for this though process.
I too bought dinars, that was before I did my homework. I, like you, hope that the Iraqi Dinar goes up in value, but unlike you, I do not base my hopes on a situation that is nothing like the one in Iraq.
Don’t fool yourself; Kuwaiti situation is NOT the same as Iraq. If you’re serious about investing in this extremely high risk investment, then do yourself a favor and read the eBook at http://www.iraqidinarebook.com
How much has the Iraqi Dinar gone up in value in the last year? Look at old posts on Iraqi Dinar Forums and you’ll see that more than a year ago, dealers where telling people that it’s going to take off within 30 days. Nothing has changed since then, and I highly doubt anything will change much in the future.
I talked with one e dealer who actually laughed at me for buying Dinar. His site is all about how great the Dinar and even provides news and charts about the Iraq Money (all positive of course) and yet this dinar dealer has no faith in its future at all.
I hope I am wrong, but I have done my homework (too much in fact) and personally, I am not counting on Dinar.
December 6th, 2006 at 1:10 pm
I’m new to this and have been watching what the DInar has been doing. It does appear to be gaining strength, abeit,rather slowly. It’s gone from 1478 to the dollar as of 11-13-06 to 1426 to the dollar as of 12-06-06 alone. But here is the rub - the people that seem to be against investing the Dinar usually have an ebook to sell telling you the pitfalls of investing. And, of course, the guys pushing the “big profits” are the ones selling you the Dinars. It just seems hard to determine who is truthful. Standard, “no-brainer” economics tells you that Iraq can’t go on with the Dinar at this level and that they have to at least get their currency to the levels of the dollar or the Euro at the very least. Plus, once they start cranking out the oil it has to strengthen thier currency. From what I’ve read this situation happened in WWII with the Japanese Yen and the German Deutsch Mark, and again most recently with the Kuwait Dinar. Some smart folks made a lot of money during those times.
December 20th, 2006 at 5:52 pm
I purchased 11,000 Iraqi Dinar. It was extremely cheap, it actually only cost me a couple bucks. I spend about $25 a month on lottery tickets. I am looking at it as a purchase spent in “good fun” I do NOT expect anything to come of my 11K Dinar but it would be a great surprise if the dinar would equal the US dollar. Do NOT buy Iraqi Dinar as a serious investment but maybe as a lottery ticket with a slight chance of making a few bucks.
January 10th, 2007 at 7:44 pm
Greg,
Don’t fall for the WWII examples! They are not the same and should not be calculated into thing the Dinar will equal the Dollar 1 to 1!
Same goes for the Oil, you would think that makes sense and once the oil situation is fixed, Iraq will be more profitable, but again, this is not the case and there are many factors to consider with this!
The right ebook can save you countless hours in research, it’s just finding the right ebook. If an ebook is a scam, if won’t last for long and the site will be shut down and accounts closed due to complaints.
If you’re looking for accurate information on when the Dinar will equal 1 US dollar, then you’ll find a ton of junk. I do not think this is going to happen, but there are plenty of people selling Iraq money that would love you to believe the dinar will equal the dollar.
Whatever you do, do it with caution! The dinar is a ripe playground for the scammers!
January 23rd, 2007 at 1:33 am
Even if the dinah reaches 1 cent there is a good profit to be made.
March 12th, 2007 at 8:26 am
I have 68,500 iraqi dinar!! I’ll take $100 right now!! LOL I slay me!!!
March 15th, 2007 at 5:18 am
I’m actually serving in Iraq as we speak and as far as the currency goes I want to have faith in it but as of right now the iraqi dinar is nothing more than a collectors item its going to take a few years and alot of struggle for the iraq dinar to even be the equivalance of a U.S dollar. I’m not saying it won’t go up but that won’t happen for another 15yrs or so. There is far to much remolding that needs to take place before anyone considers anything concerning money.
April 14th, 2007 at 9:13 pm
I served in Iraq. I have a half a million dinars and since I served the value has been increasing, slowly but increasing. It was over 1600 to 1 when I bought them now they are like 1400 or less to a dollar. So is there progress.
Why wouldn’t the Government make the Iraqi dollar equal ours? They have their hands in it as well. You figure if the People in the government buy one million dinars now at less than 1000 USD then they made a million! Plus the oil that Iraq has will definitely help their economy! So I really think they will stabilize in a few years .give it 5 years or so. You know congress has a piece of the pie as well. They want to make money so whey wouldn’t they get the price to match ours?
After all Kuwait Dinars is 3 to 1? How did their money get to be greater than ours? Think about it. And you don’t think the US is putting up businesses in IRAQ to make money? You bet they are! It’s about capitalism.
Ask an Iraqi soldier if they ate at a popular American fast food restaurant? For those who have been to Iraq and know about these restaurants, I wonder where these ideas came from. Did the Iraqis think of it themselves? Don’t think so! So trust me when I say the dinars will go up. The politicians want some extra bread themselves!
September 21st, 2007 at 8:11 pm
well the iraqi dinar is going up like 1-5 points a week. so those who think its not making profit then why is it going up. well let me tell you . its going up because the economy is getting better. making money is a small thing about it. proll hit the dollar rate at which its going in like 5-10 years
September 21st, 2007 at 11:27 pm
I am a collector,and investor of rare items.Knowledge and insight is my key to making money.For example,I frequent the flea markets,seeking a good find.Youv’e heard the saying,”The eairly bird gets the worm.”Well one saturday I arrived near closing time,thinking,”Why am I here,all the collectors have got all the good stuuf.”But something lead me to a particular booth.Looking through a bunch of costume jewelry,something caught my eyes,a man’s gold ring,that appeared to have about a carat diamond in it.I asked the dealer how much it was,they said .50 cents.It had no marks,but it appeared to be gold to me.After I got home,It passed the 14k test,and the stone passed the diamond test.A jeweler friend gave me $3,700.00 for it.Color D,1.07 ct,vvs diamond.So if you ask me if the Iraqi dinar is a good investment?I would say you can’t loose.One of my brother-in-laws informed me of the Kuwait Dinar at .10,I laughed at him,then he laughed at me on his way to the bank,after it’s gain.He informed me of the Iraqi dinar,you think I laughed at him this time?No! I purchased a lot.Well inside sources told me Bush himself has plenty invested in Iraqi dinars,why do you think he’s in a hurry to pull troops out of Iraq before his term end?I believe the dinar will surpass the US dollar in the next 3 years.The Dinar is at 1,234 per US$ now.Lets all hit the lottery!!! I feel it’s owed to us.
December 20th, 2007 at 7:03 pm
So, where is the best place to buy IraqI dinars?