Tons of people are calling the Iraqi Dinar an investment that is sure to make you rich but what they don't mention is this: Most of the hype is from dealers trying to pump up the value. Do a search for Iraqi Dinar and you'll find sites that offer forums and discussions that talk about this great investment. In fact, chances are you'll find many of the top sites owned by the same dealers. These dealers work together to flood the market with promises of getting rich!
Right now, $1 US Dollar will get you 1169; you can buy a million Iraqi Dinar (depending on the size of notes) for $1,200 and the dream that the Dinar will eventually be worth the same as a US dollar. Why wouldn't it? There's gold in them there hills! Black Gold that is!
Iraqi Dinar, a lot of hype!
A lot of the hype over the Iraq Dinar centers around Iraq's vast oil reserves and their supposed economic value. The oil market extremely unpredictable and an economy based on oil alone (oil accounts for 90% of Iraq's foreign exchange) will also be unpredictable. There are many countries similar to Iraq's foreign exchange situation and the currency value is extremely weak.
The top sites selling Iraqi Dinars bring up the topic of the previous Iraqi Dinar Exchange Rate. They are referring to 1982 when Saddam Hussein set the Iraqi Dinar Exchange Rate at $3.22 USD, what they don't tell you is that the old Iraqi Dinar could not be traded in the open market and the over inflated Dinar exchange rate was not tested on the world currency exchange market! Saddam simply 'made up' the value, it wasn't real!
Iraqi Dinar Exchange Rate
The New Iraqi Dinar (IQD) was introduced in October 2003 by the Coalition Provisional Authority in close consultation with financial experts from Iraq and the international community. Currently, it would take you almost 1169 Iraqi Dinars to buy one US dollar, a very poor exchange rate for the Iraqi Dinar. The old Saddam Dinar has no value whatsoever except what a collector might be willing to pay for it.
If the Central Bank of Iraq fears that trading the New Iraqi Dinar in the open market would lead to the eventual downfall of the Dinar, then why in the world would buying Dinar from internet sites be any different?
The Iraqi Dinar is not freely traded, and is not being used in any significant international transactions. If you look, you'll be unable to locate any official bank or foreign exchange office that is willing to exchange the Dinar, at least outside of Iraq itself.
False Hope
Promises that are far fetched! Come on, do you really think that these sites promoting the Iraqi Dinar as an investment actually believe the Dinar is going to increase 450,000%?
Webmasters make a fortune selling Dinars!
How much does a website owner selling Iraqi Dinar's make per month? You can check the stats a number of ways, but in general, the top sites are selling 200 to 500 million Dinar per month at anywhere from $1,000 to $1,200 USD per million Dinar. Note: some sites claim less, but they hit you with shipping and other fees!
So, the only people getting rich right now are the Dinar Resellers. The Dinar investors are the ones taking the big gamble with odds comparable to your local lottery!
Grab our feed and stay tuned! I'll be providing you with detailed information, such as where webmasters buy the Dinar, how they get it into the country and who the biggest players (scammers) are.
Buy Dinar, or NOT?
To buy Iraqi Dinar or Not to buy Iraqi Dinar, that is the question. Well, I have a short answer for you!
If you have extra cash and are optimistic in the iraqi dinar value rising then go for it, but do it understanding there are no guarantees.
This site is all about Dinar speculation and attempting to Peg the Dinar. If you have information, be it a comment, speculation or information that will help others, please leave a comment!
Oh well…I bought about $800 worth of dinar, to take a chance. I could afford that amount. Say, is it any different than going to the local Indian casinos? On my average visit to a casino I will use $100. Usually, after a few hours on the penny slots I leave with about $50. Will I hit it big there? Doubtful, but at times I leave with 2 or 300 bucks more. In less than eight months of “fun,” I have spent/lost more than the $800 I “invested” in dinar.
It is a chance I choose to take. As for the revalue being $8-9 US…I doubt it, but even if it revalues to about ten cents, hey, it’s better than penny slots any day.
I do not push dinars on my friends or family because it appears to likely to be a scam. It is my own decision to spend my little $800 on something that could work out. In essence: this is playing a lottery.
Take care and always use wisdom and judgment.
Iraqi Dinars is the most big scam in the 21 century.
what is infantery?
The United States Government post negative comments to the world so you don’t invest in the Iraqi Dinar to become very rich. The U.S owns millions/billions of dinar already and is waiting for the raise of the currency exchange rate to take place, when only they know the answer from the Iraq Government when they will be back in the market and the production of oil amount. Oil is the main thing that makes Iraq as rich as Kuwait. The more they drill for and sell the richer that country becomes. We have some politicians holding dinars right now, however their are some dinar bankers that sell it and will not buy it back from you because they are scammers of fake dinar and you will have to found a legitimate bank that does deal and is register with the U.S Federal Treasury Department that knows what the real currency looks like. But remember, just because they are registered doesn’t make them legitimate.
What a LOAD of junk MAC! Come on, do you really believe the US Government wants all the dinar for themselves? Really? Are you trying to sell this theory? The US government does own millions of dinar, as do foolish people buying it as an investment (a million dinar cost what, $800 US?) but what’s different between the US and foolish people, is that the US has it because they made it, not because they thought it would be a good investment!
I can’t believe you really think this is some big conspiracy to keep US Citizens from getting rich! Wow!
My father is an attorney in Texas, and one of his clients has approx. 500 mil. in dinar. The client has since turned the Dinar over to a finacial institution (Broker). Client has been working in IRAQ for the last year in a senior position with the U.S. Gov. He says: if you have it get ready because they are about to put a value on the Dinar. The U.S. owns billions of dollars in Dinar, and the chinese supposably have injected about 2 trillion dollars in the IRAQ economy the 2nd largest oil rich nation in the world. Should open around $3.75 to 4 dollars. There also is a process you have to follow when cashing in. So 2012 just might be a good year for all of us who stuck it out.
Come on! Look at the comments on this site and you’ll read inside information after inside information about the iraqi dinar increasing soon, such hype goes back 5 years now! But, I’m guessing they were all misinformed and your source is spot on, right?
I have a friend that was married to a woman who’s best friend’s husband was a high ranking solder that served a person of great importance in the military while in Iraq and says that he’s seen paperwork to value the iraqi dinar 1 to 1 with the US Dollar in the next week!
It’s crap like this that causes people to spend money they don’t have.
IF the sellers of Iraqi Dinar OR any other currency really believed the hype they are selling YOU, they would NOT be selling the currency!! They would hold it themselves to cash in and get rich! They are getting RICH by selling you dreams and worthless (in the sense it’s worth much less than what you are giving for it) currency! WAKE UP! YOU ARE BEING FLEECED!
Erin Burnett when she was employed by CNBC did an entire segment on the dinar, if you have extra money and can tolerate risk then go for it. The big question seems to be when and at what rate the dinar will revalue at if at all. It all comes down to personal choice, but the dinar does exist and it could revalue or be a bust, point is you decide !!
My only question is if the US Treasury holds some 4 Billion Dinars and our US debt is 15 Trillion and counting why hasn’t the Dinar RV’d yet? Bush did say “the Iraq war would pay for itself”, so far we haven’t received a dime from Iraq an RV would take care of that.
Odds are that it’s a bust and there is no way it’s going to revalue and make everyone millionaires, that is simply a pipe dream put out by those profiting from selling dinar!
At today’s iraqi dinar exchange rate of 1170 for $1 US dollar (even worse than it was last month), 4 billion dinar (4,000,000,000) = $3,418,803 US Dollars. If I reword that to, the US has invested 3 million into iraqi currency, doesn’t sound so great does it?
The dealers would have you believe the dinar will be equal to the dollar and that this investment is really worth $4,680,000,000,000.00 – seriously, do you know what that would do to the economy? come on, please, at some point you need to realize this is just a way for dealers to get rich off the dreams of others!
Sorry man, but those are rose colored glasses you’re wearing!
I have been reading for awhile on the pros and cons of iraqi dinar. 1st) I am puzzled why us banks would be selling dinar if it is a scam. I have checked, and US banks are listed on the Central Bank of Iraq as viable sources in purchasing and exchanging the dinar. One of the banks listed is Chase Bank, Wells Fargo, etc.., Why would our government allow this, if we, the Americans, would not benefit, since the iraqi dinar is not going to be placed back in the world market? The Iraqi dinar has been sold, for a few years now. It is my understanding by reading, the re-evaluation would not take place until the US withdrew, and certain conditions were met, before they could get their money back in the world market, which makes sense.
I am not educated in the financial or international world, but it makes sense to me, that the Iraqi dinar would be re-valued so they can start getting back into doing business. If their money was worthless, why would anyone ever take it or do business with them?
To the person who said they would just make new money, why would Iraq devalue the $$$ that had Sadam Hussein’s picture on it, and spend the time and money to make new bills as what is being sold now? It has been mentioned, that our own US gov holds trillions of these new dinars, so what would be the point?
P
Show me one US Bank listed on the Central Bank of Iraq’s website! There is none, just a report from 2007 on chase. People buy dinar because they think it’s their key to making it big. It’s nothing but a smoke and mirrors!
Now that we are going in to the new year…the IMF has to get the Oil-for-Food Sanctions removed so the IMF can Bless the Iraqi National Bank to REV the IRD. I did hear the 3 zero removal theory…but that still gives you a 200% profit at that.
“Money is gold, and nothing else” – attributed to JP Morgan.
WATCH OUT!!! You are buying PAPER. The printing presses can produce an ever-growing mountain of it. Why would they not print truckloads if it was increasing in value?
It is likely the opposite will happen – a devastated Country will want their currency to be valued lower so that foreign capital is attracted into the country, jobs created etc.
THOSE GETTING RICH ON THE DINAR ARE LIKELY TO BE THE PEOPLE SELLING IT TO YOU. They bought it cheap, marked it way up and are selling it to you. And, who is to say you are buying real Dinar and not counterfeit paper?
You can call me stupid if you want to. I have a B.S. Degree in Applied Mathematics and an M.BA. Degree. For 20 years I was one of the top Stockbrokers in the U.S. And I am telling you, I have done my home-work. The Iraqi Dinar will RV at $3.50 or higher. George Bush had all this planed when he went to war with Iraq. The State Department owns several billion Dinar. When the revalue takes place. The U.S. will owe no money. The Iraqi people will be rich and a select few people in the U.S. that had the brains to really know what is going on! Now; Tell me who is stupid!!! LOL
Why don’t you use that BS in Applied Mathematics and calculate the value of 27 trillion dinar revalued to $3.50. Then use some good old common sense and try to figure out where that extra value $94 Trillion plus is going to come from.
For those that like clarity, let me rephrase WD40′s statement:
If you’re one of those fools that believe 1 dinar is magically going to be worth $3.50 US, then you might as well believe the US Government is banking on this as well and all our problems will be solved! Bam, just like that, all our financial worries are over! Are you sure it’s going to be $3.50? Heck, maybe a dinar will be worth $5 or $10?
Why don’t you go back to school WD40!
These people have been fighting each other for 100″s of years..
What makes you think civil war won’t happen in 2012…
sunnis kill shiites. kurds and vice versa..
My aunt purchased 4.1 Million in Iraqi Dinars an is telling the whole family how she’ll be a millionaire before to long. I don’t know what the hell is going on in the world but I don’t believe you can spend $4000.00 an next month be a millionaire. We’ve all said stop wishing on a shooting star an come back to reality with the rest of us. Can someone please explain to me whats happening with this currency an how your supposed to get rich besides breaking your back like the rest of us. Thank you.
P.S ive been promised a 2009 Dodge Ram 2500 around February hope its true.
Please Break it down for me with math!!!! An facts!!!
could someone PLEASE explain to me the possibility of the dropping off of 3 zeros… Does that mean dinar bought before its happened is worthless???
Think about it… Before you buy. It is an investment. Some say it may take 10 yrs. or 20 yrs. Well! Isn’t that what an investment is all about. In it for the long haul? People are angry at others calling them names because they are stomping on their territoy of hope.
I for one have invested enough to buy a million dollars of dinar’s only. If it takes yrs to be able to cash in, that’s what I will do. But also if the dinar does rv there will be some happy and some sad. I am just having fun. Say! How did the stock market work for you in your last investments…?
Just have fun in investing…
I think people are mainly getting angry because getting others hopes up about the iraqi dinar for no reason is a serious “atrocity” and we should be angry about that. If this is hype then we should be mad! It’d be nice if this was real, but I personally, highly doubt it!
The Iraqi Dinar has revalued in Iraq, now it will RV in the USA!
I hope it hit world market it will help people all over the world. That will make the world come to a batter place.It will help the people in Iraq and other Part’s of the world.
I too have some iraqi money, I live in Buffalo NY,,and there are buyer,s most people I know never heard of buying and selling iraqi money and so i am forced to be on internet, looking for answer;s.I hope to have 50,000 dollars in us money. not to bad for a investment. I have 5 10000 notes, and i believe , money is to be made, because it’s time to have more than one percent, millionaires. We should keep faith, cause nothing stay’s the same. We who have invested, must keep diligent and know that God come’s right on time. So all those investors may have a chance to be on top cause those who are last shall be first. but we must be prepared, if thing’s don’t allow us to become millionaires, thank you from readerofbooks,
In a few years, after this whole dinar experience is in the history books, you will remember reading this post. Yes, these very words you are reading in this box…. right…. now. Why? Because this post is You. In the future. Writing to the present you.
Hello, you. It’s me. Well, I mean…it’s you. You get what I mean because, well, you’re me.
Remember this post. Remember the important lessons of the dinar in your quiet, reflective moments when you’re thinking back on things you coulda, shoulda, woulda. Never forget how and why you made the decision you did. Recall the curiousity, the research, the excitement, the doubt, the long friggin wait, and then the stinging disappointment. And don’t be too quick to walk away from the embarrassment. Remorse is good for a little while, but don’t let regret ruin you.
Learn from this. Examine why you did what did, make needed personality adjustments, and move on in constructive ways, with real purpose. You may forget the people who warned you. You won’t remember any technical justification, because there wasn’t any. Your mistake will be so clearly logical you’ll wonder how you could have been so gullible.
If time ends up erasing some of the objective learning points, never allow yourself to forget that little voice that kept telling you not to do it. Heeding your own little voice (me) from now own will help you immensely in the future.
And here’s an obvious sign for next time: When most of the posts supporting a concept are from illiterate, grammatically deficient morons who couldn’t muster enough brain cells together in school to learn even the most basic communication skills, are they really the ones upon whose research you would risk your hard-earned money? That’s what I thought. See, you’re gonna like your future self.
I only got sucked into the BS this year. I have spent hours and hours trying to research and learn as much as possible. I have invested some money from my kids’s bank accounts as well as mine. I am now not feeling to good about the whole thing. My biggest wake up call was when I called D Banker and asked if they will ever run out of dinar, he said, “we have plenty”. I asked if the dinar was just going to be made forever, he said he couldn’t discuss it. I said so am I to understand that there is just a press that is printing all these uncirculated dinars non stop? He said he could not discuss that. Think about it, all these dealers out there selling how many dinar a day! I think the more they sell the less its worth and now I have heard from someone who lives there that the currency being used now is the US dollar, nobody is using dinar. My feeling now is this is like a ponzi scheme.
I bought 3 -25000 dinar bills. why, i collect money for that purpose only. I am not stupid enough to believe that the dinar will ever make me rich.
I collect 3 of every country…one for me and one for my daughters.
if for some reason the Dinar makes it then good for them…but my dinar will stay in its protective sheet with my other 100 bills from around the world.
My advise is if you are not greedy then you wont feel the pain if you loose, buy small wait and see , follow the notes on the blog, and stay tuned. Do not spend money you will regret.
Want to understand this function> Look at Brazil and its money manipulation about 20 year ago. You will then act with caution dealing with movement of Zero’s!!!!
I find it amusing that on this thread, we have people calling each other names. “Naysayers” is my favorite:)
Seriously, this could be a scam which is why I’ve never invested any into Dinar that comes from my personal/family budget. Invested? Yep. I’ve done the research and have made an educated guess that this will profit me in due time. When? Who knows. I know that Iraq is closer to needing this than ever before. Inflation is borderline “hyper-inflation”.
I do not, however, believe there will be a LOP (devaluing of denoms). The Iraqi gov’t has nothing to gain from this.
Believe it (or “in it”) as much as you want, but I know for myself that my family will consume around $200 in junk (coffee, soda, candy, etc.) in one month. Why not take that and invest it into a potential (yet, not guaranteed) investment? I don’t have “millions” in dinar, but I have a comfortable amount invested. What that means for me is, if this thing “RV’s”, then I’m set for a good amount of time; if nothing less, I’m debt free. If it doesn’t happen, I’ve only “risked” my family’s “junk food” budget for one month. It’s a win-win situation.
Most importantly, trying to predict (or believing in) an RV date and rate is like predicting (or believing in) a date set for Christ’s return:) No man knows the hour…
If invested, congratulations!! I believe you WILL be blessed. If not invested, don’t go off a thread on some forum to base your decision, and, for goodness sake, don’t buy into hype! If you feel this is a viable investment and you CAN invest, then invest! If you CAN’T invest, then don’t! One should never go into debt on a “hunch” or a gamble; as this COULD be no different then sitting at a Black Jack table at a casino…you could prevail or lose your butt:)
Remember, be civil to each other. Just because you disagree doesn’t mean that the “other” person is a dummy:)
L8R.
Fellow dreamers,
First of all, lets not waste money if you don’t have any to spare. Keep your hard earned cash for the rainy days but if you have some that you will not miss then invest in dinars or anything you like. However, a lot has been said about RV. There are two aspects to this.
One: Iraq decides to drop the zeros to make it convenient for the public to trade. Whereby they will not be required to carry their currency in a wheel barrow.
Second: To revalue to currency against all the others when the Iraqi economy is stable and the oil dollar is rolling in and UN decides to lift the sanctions and US releases billions of dollars then and only then conditions will be reap to revalue the Dinar. so take a gamble only if you can afford to. There are no guarantees.
I hope this will help.
I was in banking for 15 years, had my insurance and annuity license so I have done some investigating on the iraqi dinar. For instance if the dinar does revalue where are you going to exchange your dinar for your big haul? I have called the banks in our area and they will not touch it. You have to hold the dinar for several months after you buy them and then if it does revalue you can only exchange a certain amount at a time. So if you bought enough to make you a millionaire and if it revalues you cannot get all of the money at once. It’s fun dreaming but study the facts.
well it seems that everyone has an opinion. mine is that in everyday America people look to invest into something. now investing is simply taking a chance or gambling. so who is to say if it’s a scam or a good investment. one example is enron took off like a rocket and a lot of people bought into it.only to find out later it crashed in a really bad way!! so if you can spare the cash and take a chance so be it. millionaires can tell they have definite lost money but also have gained money on taking risks. I’ve bought 2,000,000 iraqi dinar and hope it works out if not then I’ll be looking for my next investment. good luck.
This ‘IRAQ DINAR RV’ process will be a LOP type and a 10,000 Dinar note will make .30 to 1 usd or 30% of face value!!!!
This is what was presented to the GOI via the Exhausting Investigation that went into the final Report presented to Cabinet of GOI.
The lies that Dinar Sellers have been posting on the Internet multiple sites re 86 cents to the USD to IQD, and $3.68USD and more, is simply in their Financial Interest to tell Investors and lie to potential new Investors – sucker them into falsified information or even reasonable speculation!
It certainly a profit but as World Economist have contributed to this RV process have consistently reported, it is not going to make the small investors instant MILLIONAIRES!!!!
As an example. a group of Cons, Under The Group Heading of the OKIE CLAN, reporting on the Guru’s Web Site, I believe have been driving the Lying process to gain personal profit and seek glory from many who diligently believe in this Cult Like Con False Reporting DAILY!
BEWARE OF THIS KIND OF DESTRUCTIVE AND INHUMAN CULT LIKE FALSE REPORTING!!!!!
Okay on the current matter about the Iraqi dinar… This has never happen first off we have never had contracting at this magnitude… Secondly when a country has been invaded by in outside force there currency has no value all import and exports stop which in Iraq case never existed because it was ruled by a dictator… For all of you smart people out there tell me this have any of this ever happened before and if it did when…
We have been in a war for almost a decade I’ve been contracting over here for about six years now… I have also talk to all different kinds of people and they all say the same thing this have never happen… As far as Iraq go’s the dinar will hit someday and soon, and the way you can tell is that it is becoming very stable over here, because when I first started contracting over here there was just so much death it was sickening 1,000′s of people were dying daily like it was nothing… All I can say is if you think it’s a scam then by all means don’t invest in the Iraqi dinar, but if you are curious invest because this has never happen before and who’s has the knowledge and the fore sense to see into the future… LOL and by the way I have plenty of money to invest because this has never happen before where all of these minority’s or over here making six figure salary now how about them apple lol
All you have to do is believe, If the is BS. Then the people selling are thieves. How can they sleep at night?
Has everyone given up on the Iraqi dinar?..I’ve heard that Sept /11 is when everyone that invested will see a profit. I sure hope so.
It looks as naive people hope in the miracle in desert. IQD RV is a dream, nothing more.
Maybe 10 years from now, it is bad investment!
Is there some serious webside dealing with this speculation IQD? So far everything on web is infantile garbage,
Being informed whats happening in the Iraq, situation is rather complex to be in the level of “IQD dreamers and serious investors” ….
I bought one million Iraqi for $1050 , I think we will make money , not millions , but if kept long enough 30-90 percent , these people all scared here are not risk takers , they are chickens. Currencys are bought and sold every day from every country in the world.
I spent more than this on the Black Jack tables in Las Vegas , and got no return , but had fun losing it.
I figured when I heard about the Dinars that I waste at least a dollar a day on “stuff”, so I gave up my daily stop at the convenience store for a fountain soda and took that money and invested. Is it gonna pay, don’t know for sure but surely hope so! God has witnessed to me and to others that there is to be a redistribution of wealth and I believe it is to be in my lifetime. A lot of the people invested in this are Christian people that have made promises to God to further his kingdom with this blessing!
How you can call this a scam baffles me, it is no more a scam than the stock market! People trade currency for profit all the time. All I can say is if it doesn’t revalue then I’ve lost a few hundred dollars and a bad habit! Lol, If it does then look out! watch the blessings flow!
I do think some people have been foolish with this investment, but when ever you have ANY kind of investment opportunity we all know there are going to be fools! For this I am truly sorry! As always, invest wisely and NEVER use money that is needed for daily living to invest in anything!
If you have 500 or 1000 dollars discretionary money it would not hurt investing in dinars. Eventually it will pay off
I purchased 2 million dinar from a us army bank in Iraq 2 years ago for 1650.00 and can get 2400.00 today! No scam, just can’t be a negative person who cannot afford to buy your own..hahaahha
I had bought the dinars back when it was not allowed quite yet to buy. I bought it for the numismatic worth. Hold, in pristine condition. When a gal at work ran out to buy the iraqi dinar I was shocked. I knew she was not a collector. What was up. I started reading on the web about this revalue. I was shocked. So I looked to my trusted fellow dealers and collectors. They say it may happen, or rather it could happen, but they speculate “if” it does it would most likely be next year when elections comes up. Just what I was told. So what I have read on the net so far is very mixed. It’s like 50-50 split, with the experts also. A lot of hype. Many could calm their nerves if they look at it as just a long term investment. Don’t get excited cause the let down could really consume you. It’s an adventure like any investment. A toss of the dice. Get another investment going and it will keep your mind of the Dinar RV. If it does RV and worth the exchange, then we all did good. If not, we move on.
Now Answer Me This!
If the Iraqi Dinar was a scam than why would President George Bush Sr. tell America “This is a War that will pay for itself”. and why does the United States have over 1 trillion dinar? It’s been a master plan all along to get us out of Debt. AND IT WILL HAPPEN. Why is Iraq making huge billion dollar oil deals with Shell? They couldn’t do that with a worthless currency. Why did China forgive Iraq 90% of their debt owed to China? All we REALLY know is that the dinar will revalue soon, its very likely it will not happen during Ramadan but the CBI is getting ready to RV it very soon. (and only about 4% of the U.S. Public even know about the Iraqi Dinar RV)
All you are doing is regurgitating the half truths used by dealers to pump up iraqi dinar and their sales! Do you think the us actually paid $800 million for those trillion dinar? “The war that pays for itself” was simply stated to pacify the public so we could enter into war without the typical debt argument. All we really know is that there is no guarantee anything will happen, that this is all a pipe dream and there are better odds at the casino.
Everyone loves the idea of making money with almost nothing! So many people in over their head on debt reflecting on a life full of bad decisions and along comes the dinar, a cure all, and a dealers dream! Take a look at your own life and you’ll find that bad investment decisions like the dinar is exactly how you got in the situation you’re in! Don’t make another bad decision!
You can go to the banks on the east coast chase and wells fargo on the south and buy dinar. Saddam may have set his own rate, but a light came on in my head telling me that this is my big chance to make my dreams come true. People, I may not be smart in a lot of things, but I know I’m right on this investment!
Don’t buy iraqi dinar, buy silver.
When usd fails, global economy is hurt, and inflation skyrockets the price of silver.
Then you can convert your silver to any currency you wish.
president bush wanted the dinar to be equal to the us dollar,i think with all the billions the us has dumped into iraq you would think it would be to the best interest of the Iraqi government to get the value of the dinar up to trade on the world market
Look. IQD-Good Purchase. I haven’t hear anything but good news since I invested in dinar. I don’t care how you look at it you cant lose your money. I understand everyone’s point when they say try not to spend more than your budget can handle but, think about it like this. Any time you want you can simply take it back to a foreign exchange at any major airport or mall possibly and get your U.S. currency back. I haven’t bought any of my dinar from any pumpers and they are not making the big bucks here lol. Iraq is believe it or not. WHO DO YOU THINK IS GETTING ALL THIS U.S. CURRENCY. It’s so obvious. GOOD INVESTMENT. Not the best get rich quick kind, but still a good take on this gamble. You will either triple your money or make 1000% profit. lol. Easy breezy. Go Dinar Go RV.
sincerely,
Average Joe.
The dinar is going to revalue the timing is the question. It would only stand to reason that the value will increase at some point. Really, people waste a lot of money anyway, we buy to many things we do not need. This has an honest potential to amount to something, without a large risk. That is one nice thing about this is if I need the money while I’m waiting on the RV to happen I could just trade it back in.
When I had purchased my Dinar I went through a local bank and not an online middleman with all their extra fees. But, on the other hand I felt that if I did not at least invest something into it that I would be missing a once in a life time opportunity. Time and chance happens to everybody. So, I invested what I was comfortable with, without being to tightly strapped afterward, and my wife and I agreed on. Final statement: What does it profit a person to get all they ever wanted and yet not be rich in God’s perspective and lose their soul in Hell. If the Iraqi dinar comes through, ask god for the wisdom to use it correctly.
Funny!!!! Our country has more debt than any other country. Hell we even owe Iraq. Our debt is public record……..look it up. And there has been speculation of the US Dollar plummeting. Want to talk about long-shots, lets talk. If we were to go to a massive war, WWIII, and we continue to put our businesses overseas to evade taxes, and unemployment continues to incline, we could see our US Dollar be worth $0. Then your exchange rate dream you are dreaming of becomes mute. Research your own currency and your own government’s state and financial stability and look at our trends and the what could happens here before you invest in foreign.
7/1/11 rv today cash in 7/5/11 rare posted anytime…..
I don’t think any of you are looking at this correctly. Those that say Iraqi Dollar is a scam and give you the truth are right but only miss the true reason behind the biggest scam ever. Let’s get to the real source behind this scam our own American government.
If anyone of us today trust and believe the modern day American government you have already been scammed. Our government has always funded other countries with billions of American dollars. Is that not true? Our government has just funded Iraq with 80 billion dollars to help keep them afloat. But the American Government and those so called zars are telling us that they just bought and invested in 80 billion dollars of Iraqi dollars, why? Because Iraq is billions of dollars in dept to U.S.
Iraq says America is going to forgive that dept made during the war. Well ask yourself again why. Does not our government give stimulus money to Banks, Car Companies, and etc. to bail them out while you and I pay for it. Well why should not Iraqi give to our government as much of their worthless printed paper so called money in order that the American government can take that worthless paper money and sell it to any person whosoever will fall for their money scam through any suffering institution, bank or etc.
By so doing the government passes the worthless Iraqi money to banks , money exchangers, who ever will sell the worthless Iraqi money. So what I am saying is the government is selling worthless Iraqi money in order to profit for loss and recovery of our funding Iraq. Iraq can and will print for free all the money the American government needs to recover their money through the American people who are falling for the biggest scam coming right from our own government. That way the government profits, banks that are in financial trouble and etc can profit. Look the American government pays nothing for the worthless Iraqi paper printed dollar and this allows the government to fully profit off the American people. Just another way for the government to take our hard earn money and profit off of us.
Iraqi government knows exactly what they are doing both for them and the American government. Think about it, what does it cost the Iraqi government to give us their worthless iraqi dinar for free to our government in order for our government to make back what they funded toward Iraq off of us. What it does accomplish for Iraq is a debt forgiven and a more freed up economy. All the while you and I are paying for the dinar scam and the American government is more than totally profiting from our money.
Iraq will some day be rich but you and I won’t share in their worthless currency, for by then their money system will change and the Iraqi Dinar you and I know will be obsolete and we will be stuck with it. That way Iraq and our government will be the ones who fully profit. You will say that is illegal, well what makes you think our modern day government operates from a legal stand point. They will do any thing to make us poor and them rich and so doing they will have full control of our lives.
I know that those who are fully caught up in this scam will somehow justify their beliefs and why shouldn’t they. They will keep their heads buried in the sand to keep from facing reality of their get rich schemes. The American government started this scheme and will finish it through you and I, it’s called socialism. PS: if you think the American government is going to tell us that they are getting the Iraqi Dinar for nothing and that we are the ones that are paying a ridiculous inflated price you have been totally fooled. It’s being revalued alright through American people not Iraq!
Don’t get me wrong I love America and the Government that was for the people, and we need to return to a Government for the people as established under the Constitution of the United States by doing it peacefully through legal channels that are still in place. United States has had the greatest Government and Constitution in the world and there is still hope for us to stay the greatest nation, but investing in the iraqi dinar is wrong.
If the iraqi dinar does not revalue before July 06 2011, then it is a hoax!!!
The iraqi dinar has been promoted by the dealers who are counting on the get rich quick mentality of Americans. If you look at all the websites promoting the Iraqi Dinar, you will realize that they all are all sponsored by a dealers. Even though I invested in the dinar, I have to say that unless proven otherwise, I believed that it is a scam aimed at building Iraqi foreign reserves in US dollars.
Anyone who become rich from the sufferings of the Iraqi should be guilty of crime against humanity and should stop using biblical quotes as a diversion from the truth. Iraq is a country with the most blood shed over the last ten years than any other country in the world and we are trying to speculate to get rich quick out of their sufferings. If you want to help the Iraqi, then contribute toward a good course by helping sponsoring an Iraqi orphan child, or send supplies to help the poor Iraqis.
The philosopher
I look at the dinar as a lot safer an investment than our dollar is with the rate the US is printing them. It is safer than the stock market with Soros controlling billions there. And God knows it is a better investment than all we are paying into Social Security. Even if we break even or lose a buck or two it is better than what most of us have already lost with our 401K’s. It is a lot safer gamble than all the others and I bought mine from a bank.
So it seems Hussein gathered up all the Kuwaiti Dinar and replaced them with IQD. This made the Kuwaiti Dinar worthless to merchants.The actual exchange rate of this money never changed from 1 Kuwaiti Dinar = $3.xx.
The real money that was made on the Kuwaiti Dinar was a result of the Kuwaiti Dinar being purchased locally for as little as $0.10 / dinar since no one could use the currency.
After the occupation ended the Kuwaiti banks allowed the Old Kuwaiti Dinar to be exchanged at the normal currency rate 1 : $3.xx for a short period of time until the new currency was fully effictive.
So someone that purchased $1000 of dinar at $.10/dinar ended up owning 10,000 dinar that was exchanged at 1: $3.xx or a 3000% ROI.
Someone tell me if that is right and tell me how this appplies to the current iraqi dinar scenario that everyone is comparing this to. Seems different to me.
I purchased Iraqi dinar a few years ago and have decided its time to sell. I read the Iraqi Dinar site that is featured in Atlanta or dinarbanker. After speaking to them on the phone I feel they are a scam. What they say in their website and what they told me in person is two different things. You don’t need them to buy dinar you can do that at any bank. And you don’t need them to buy your Dinar, you can sell at your own bank.
What they don’t tell you is that when you buy from them, they go “across the street to their bank” buy the dinar, walk across back to you and sell to you at a higher rate. When you sell back their website states next day service. In fact, they take it to their bank, sell it, wait the two weeks to credit in their account, pay the banks fee, charge you another fee and write you a check. They aren’t up front about the fee’s or the time it takes to get your money. If you mail your dinar to them, well, tough snot, your not going to get your money for at least two weeks, not next day like they promise.
Oh, they will mail you a check next day, the next day that is that they get their money from their bank. They want you to think that they have all this cash on hand and it’s for security purposes that they don’t want you to see their operation. Fact is, they don’t have one and there is “No cash on hand”. It’s all done by check and the fee’s are basically double than what you can just go to the bank and get. So don’t waste your time with them, go to your local bank and cash out now!
This is how I believe it’s done!
I, think most of you who do not believe in the potential of this RV are missing out! Our country is vested, and many billionaires also, due to our interest in black gold profits, and protecting our own reserves. What happened in desert storm? Many made out good when that was all over, including our government. It is a gamble, but let’s be real! If it RV’s at $0.25, and you buy 500,000.00 dinar, that’s one hell of a return for a small risk. Most people piss away $500 before they make it to the casino in Vegas. New government in Iraq, new currency, and the UN is behind them. You do the math.
Its all about risk. If you want to take a real risk roll your money in Vegas or the stock market
Its all a crap shoot weather you put your money in Iraqui Dinars or the stock market.
In todays market the numbers are being controlled by super fast electronic trading. The real money people can do anything they want at the touch of a button and puff your nest egg is done. Between the stock market and the Dinars I prefer the dinars because if I win or loose in the end I can at least say that I wiped with a million dinars. Its real.
TA nailed it on his post dated Nov. 17, 2010. He (or she) has the correct perspective.
The only person making money on Dinars are the brokers/resellers. I’ve worked on a fx trading desk for a large US investment bank. You think if it was such a sure thing, Warren Buffett..(richer, smarter people) would be on top of this years ahead of you.
Hard work, and saving are the keys to being rich.
When the dinar supposedly goes RV, lop off more than 3 zeros, try 4, and it won’t go 1:1 dollar, try 0.10. ROI is non-existent. But fun to show everyone your dreams of ruby, gold, silver (colors of your new Porsche cars), reality – you’ll be able to buy a used popsicle
I went to my bank just a few days ago and the teller told me they were going through training right now so that when the iraq dinar is valued they will be able to exchange it. Also Iraq wants to value there money higher then cowate
Personnally know people that bought Dinar. However I cant find a bank or airport within 500 miles that will sell dinar. I travel so every airport I go to I check. I have also heard the 5th 3rd bank is no longer selling. I dont have a problem investing/gambling a few thousand its no different than throwing money in a slot machine. But some of these people have allowed it to completely take over their lives. They are so absorbed with teleconferences that they are wasting the lives they currently have.
Hi All,
I bought 11,000,000 dinar immediately after the new currency was issued. I bought most of that from people on EBAY before EBAY disallowed it. My average purchase price was $750 per million. I just sold 5,000,000 dinar for $940.00 per million to GID Associates. That’s an increase of 25% over 6 years. It’s not a great return but certainly better than a savings account. I run a stock an option trading website and I still believe the Dinar is a great option-like investment. You can get a ton of leverage for little money. Buy a million and see what happens over the next 12-24 months. Bin Laden is dead and Iraq is certainly rebuilding rapidly. Take a shot and enjoy it.
Good luck to all.
Scott
Did you know that dinartrade.com stopped selling iraqi dinar? They say “Dinar Trade, Inc. is no longer buying or selling currency at this time.” on their website.
I am sure this is a sign that the dinar will RV any time now!!!
That is wishful thinking! More like the banks they are dealing with stopped servicing them for a number of reasons! This will happen with other sites as well!
I work for an IRA company and we have seen hundreds of clients start investing in Dinar in the last year or 2. Every single one of them is always ina HUGE rush because the Dinar is re-valuing tomorrow or the next. I’ve been hearing this for over 2 years from the crazies who are buying this stuff. I feel bad for some of them that have been mislead so badly into throwing tens of thousands of their retirment money into a worthless investment. Others I don’t feel so bad because they are rude and pushy and constantly tell me how much they’re going to make off of this…
Think about people, if a stock is expected to go up in value the market drives that stock price up today because everyone is buying it. Why the hell would any company be willing to sell the Dinar at such a discount if it is going to sky rocket tomorrow or EVER for that matter. It’s simple economics, too many stupid people buying into false hopes and lies.
I tell you what, if you do not believe my earlier Post April 11th, that the Iraq government will cut 3 zeros from the value of the Dinar, then give me a call. I have One million Dinar that I would sell right now for $250,000. Anyone of you interested? I didn’t think so!
Why would I buy 1 million dinar from you for $250,000 US when I can buy it on ebay for $1,200 US?
Of course no one is interested, what kind of question is that?
I’d grab a cup of coffee BEFORE you start leaving comments Pat
hey there.Iraqi Dinar to be RV might be scam or truth but cannot deny the growing of Iraq economy,with the rising trend of oil prices of the world it”s not imposible Iraq backs toit:s basic one more time with the stronger Dinar against USD.US and some other rich counrtry vanished thier debts on Iraq. Iraq to looks as oil rich country with debts free. Rumors of Dinar to be Redomination i don:t think Iraq can afford it.
if you go into a room, look around, and can’t figure out who the mark is…then you are.
O.K those that believe they will get rich by buying into this explain to my way all the millionaires and billionaires just do not go and buy all the dinars that are for sale and make themselves more wealthy. This is a countries currency so there is a limit to how much can be sold.
I have been following this for a few years now and the only ones who buy are those that do not have millions; they are people that live on low to modest income hoping to get rich quick. Remember that old saying: If it sounds too good to be true it is not true. I do know a few millionaires and have asked them about this and they all have said the same thing:” that they would not invest into anything that sounded like a pot of gold at the end of a rainbow”.
Ok for all you negative nancys. Why are you even on this site if you don’t care!? If you don’t believe in the RV keep it to yourself!! Us smart investors don’t care about your negative inputs. Were all just going to be laughing our way to the banks when this RV’s. Sorry you don’t have faith and believe. But this is for people who have money and know when to take a big chance. Have you people ever heard of ” if you have nothing nice to say don’t say anything”??
Because Jess, it’s wrong to build false hopes the way these dealers do. For all I know, you could be a dealer yourself trying to eliminate anyone bringing to light the games that are being played. I do it because my moral compass says I must, I do it because it’s right and most of all, because I care.
Play it safe Jess!
DinarDaddy!
No posts here in about a month. The false rumors being thrown out by the speculators has gone on so long now that even pro dinar people don’t believe it anymore.
Even Ali, a popular dinar dealers, has been telling some people there will be NO RV!! To those who are holding dinars look to make a SLOW and STEADY gain in 5 to 20 years but I think you knew better than to expect to get rich overnight!
When will the IRAQ Dinar RV? I keep listening to one of my friends talk about how he cannot wait to be reach, but I don’t think that it’s going to happen. I think it’s a gamble.
I work at a forex company and currently, we do sell and buy IQD. However, we no longer guarantee that in the future, we would be able to buy back the notes. So yes, at the moment, it’s a valid currency so buying it from major banks and forex companies should not be a problem. What a lot of my clients have not thought of, however, is how they are going to be able to sell the money back whether or not RV happens. If the notes are redenominated, they will become outdated and will no longer be accepted. If it does happen, you will have a very hard time finding a place that will exchange your money for millions of dollars.
So if you’re purchasing…make sure that the place will be able to buy it back regardless of what the rate is or else you’re stuck with what you have.
I do not know about Dinar or any of the money situation up or down, but I do know that a major re-building campaign is taking place soon for the old city of Babylon. It is to be a major employment venture in the mid-east restoring Babylon to it’s former glory of yesteryear, the same is to occur for the Palestinans and Jews, as Israel is to build the temple soon, and construction of the Palestine temple will occur at the same time, next to the Jerusalem Temple. However, while one may invest in both the Babylonian city and the Palestinan temple, the same will not occur for the Jewish Temple since it must be financed and built by only the Jewish peoples according to their customs and laws. How you would invest, I do not know, not a financial dude.
Can’t they re-issue the iraq dinar and if they can how do we get our money back? Also doesn’t the montary value have to be adjusted by united nations for a currency exchange rate? One more thing… How is this situation comparable to Austria? Inflation during the war?
In the end, what I do with my money is my business. Some folks give cash to help feed dogs and cats, some buy Darth Vader suits, I have even heard that some give cash to the folks in D.C. that cause all our problems. If I want to buy pretty toilet paper what does any one else have to say? When I was a kid there was an old women in our town who saved old AVON perfume jars, called them collectibles, We all called her crazy, now those little jars sell for better than 30 dollars apiece.
The Iraqi Dinar ten thousand dinar note is listed as the 3rd hardest note in the world to counterfeit….seems like they would spend more printing them than they are worth. And imagine my horror when I found out that the dinar dealers where making money selling them, thank god honest folks like the ones at the corner store don’t do that.
I heard one guy on here ask why would they sell dinars if they had any value? Perhaps we should ask Exxon, they seem to do that every day. History tells us that when Columbus sailed there where two groups at the dock, one group got on the boats, the other group was afraid to get on, they stood on the dock screaming you fools will sail off the edge of the world. I don’t hate those of you on the dock, don’t hate me because I have the urge to see whats out there if I just take a small risk.
The American dollar has been and is moving towards being the old iraqi dinar! Worthless toilet paper, Thanks to our stupid corrupt politicians and big corporations!
You may want to buy several forigen currencies to protect yourself from the falling US dollar!
It should do better than your local bank’s 5 year cd at 2 -3% interest – what a joke! Talk about a losing investment . . . .
do as you wish but i have intell that it promises to rise
That ploy, saying that you’re in the military and have access to privileged information has been used far too often! I’ve seen so called military experts predict dates when the dinar will jump in value and it has never happened. They call this a pipe dream in my unit!
I see no reason not to roll the dice, I’ve got enough cash to throw $1200 at this and see what happens. From what I’ve read, the chances of it going totally bust are pretty slim and if it costs me a few hundred, so be it; I’ve thrown away more than that at the bar in a night.
If I lose it all, lesson learned and I’ll move on, fondly thinking of what might have been. Knowing myself the way I do though, I’d be a LOT more pissed at myself for blowing this opportunity then I ever would be for blowing $1200 on a gamble.
5/3 did stop selling it. Try going in tomorrow and see if they will sell you any. If a revalue is going to happen, the currency will lose some zeros, which means new currency. Look at the Turkish lira (2005). And if that happens, all these people who bought it are stuck with toilet paper because it will be worthless.
You are all taking an unnecessary risk! You’d have better luck investing in the Euro.
if you walked into a bank today and spent 100.00 USD you would get about 100K in dinar which seems great but if you came into the same bank on the same day with 100K in Dinar you would only get abot 66.00 USD !!!! 5/3 bank has stopped selling the dinar, not because it is expected to RV but because the foriegn exchange program they have is not meant to be used as an investment, only meant for people that travel.
5/3 did not stop selling iraqi dinar, just purchased some this week!
I want to believe in the dinar dream so bad! I’ve made so many poor decisions in life, always trying to find the easy way out and I have nothing to show for it.
This could be my big break, correct all my failings, and turn me into a winner! I can’t go back in time and change things, but this would make it all better! Regardless of what people say, I’m trusting that the iraqi dinar will make me the instant millionare I should be!
Soon i am going to the bank and will be cashing out with a big smile on my face.
The Enemy is trying to destroy all your hopes and dreams, Because the Iraqi dinar investment is truly a Blessing.. !!!!
When the investors are rich then we will be laughing at you people!
I see lot of comments that this is just a scam but in fact it is like a stock of a company that is trying to grow and make profit. So yes Iraq could go bankrupt or boom.
I invested $720 about 3 years ago and the same dealer is buying it back for $940.
So $220 increase which is 31% profit in 3 years is not bad. So if you have some money you do not need for 10 years it is not a bad investment.
I find that hard to believe, did you forget to factor in the fees you were charged originally and the $150 “buy back” fee?
We need to find a way to export more goods to produce jobs, import less to keep jobs, and invest in America. That’s how u make everyone rich.
But greed consumes people and people rather believe in a system like the Iraqi Dinar where they just sit and do nothing at all to make money… its the American way
Fellow dreamer, potentional is not a word dude! LOL.
WHERE did you hear that story about a lady selling her house being she’s falsely believing the dinar will RV??
My my, within the past week, two people mentioned the possibilities of the potentional of the dinar rising. One tired looking lady gambled the money from the sale of her house into it. I sure hope she is right. It does make sense that perhaps it will.
Regardless of instability, all countries need currencies in order to fuel their economies, even better that this one has viable resources. Of the little time I have gotten to know about this, I cant help myself in wanting to take a gamble. Investments recently made on hard currency have been on metals. I personally have purchased silver bullion that is steadily rising with the current instability and volatile markets. However, in buying the dinar, I feel as if why not take the risk and hope for the best.
Reading into the size of notes to purchase is certainly of great interest. It is recommended to purchase 500 250 to 50$ notes. Is that correct? if anyone can elaborate, it is greatly appreciated by a fellow dreamer. And why could these dinars be exchanged in the U.S. upon the six months after the rv? Also the commission prices are sure to vary. What is a bargain and is buying it from a bank the best thing to do.
You’re kidding, right? A lady sold her home and placed the proceeds into Iraqi Dinar? Come on, no one in their right mind would ever do something as foolish as that! Poor lady, now she’ll live the rest of her life in poverty all because she fell for the hype!
I bought 250,000 dinar for $331 , If they remove the 3 zeros, 1000 Iraqi dinar pre redenomination would be worth 1 dinar post redenomination, Not good !
Pat is right! You guys spreading lies about the RV are just misleading people!! There is NO RV and we’ve gotten confirmation from an official FOREX site of that!!
You SEE how the actual value of the dinar remains UNCHANGED after redenomination!! They would NEVER create instant millionaires overnight like that!!! It would DESTROY the economy of Iraq!!
Hello Everyone.
Buying a dinar is like buying a lottery ticket. Your odds are much better than any powerball, state lottery, or slot machine in Vegas. If you have a couple hundred dollars to spare, buy 250k dinars. Do it for fun…just for the heck of it…Who knows, if this ship does come in which side of the coin toss would you want to be on?…
Plan to see Iraq devalue their money by as much as removing 3 zeros from the notes. It happend in Mexico and Venzuila. One million shall be devalued to one thousand. DO you really think Iraq is going to let 100,000 millionaires be born over night. Please!
just got my dinar from a friends..
i think there is potential to get the profit..
it’s just the matter of time..its simple..if you have extra money, just go get some dinars as long as it doesn’t impact your budget and you can afford it..
Just don’t be greedy!!
Investing in the Iraqi Dinar requires patience.
The wait could be 5 years or 20 years before you see a meaningful return.
My prediction is we see 1 dinar = $0.30 (pre-RV level) implying for every $1k you invest today, expect to see it worth $300k sometime by 2020 – 2025.
If a RV does happen and I believe it will (as it would be ridiculous to talk business in trillions of IQD), lets hope Iraq accepts current currency well into the future and not eliminate it in 6 months after new currency is introduced. This is what they did with the Saddham IQD.
Iraq has signed contracts with foriegn oil firms to help them extract more oil in the next 7 years. Currently they are producing 2.2 million barrels of oil/day. They are hoping to double this in the next 5 years to 4 – 5 billion barrels/yr.
I purchased $3k worth of IQD. One batch from a web site in 2006 and 2nd and 3rd batch at a Chase bank in NYC in early 2008. Chase no longer sells the Dinar to my knowledge but other banks may and I would suggest buying from a bank than a web site.
Buy what you can afford to lose and wait it out. IQD will regain the equiv. of $0.30 or roughly 10% of where it was in the 80′s and 90′s
I do have faith that the IDQ has nowhere to go but up.After all, it is next to zero….just a 1/10th increase to $0.01 will mean your $1k investment will be worth $10k.
My target is $0.30 = 1 IQD = $300k for every $1k invested today
I think the Iraqi government will wait another 5 – 10 years before acting. They are waiting to extract double the oil before reacting. The currency will move up on its own strength if their plan is carried out.
1st thing 1st…Iraq has to get rid of those who are causing the country to burn. Once peace returns, watch that currency fly.
Wait it out people….
I went to Fifth Third Bank to make a purchase the other day, and they had to back order the Dinar. Why would a bank order currency for you that is of no value? Why was Executive Order 13303 Signed by the former and present Commander and Chief, stating that american citzens are authorized by law to invest in the current Iraqi currency. Seems to me someone is trying to put a damper on things, huh? Scams usually mean you lose all the way around, and there is no option to opt out.
Doesn’t seem like this is the case with buying Dinar. Infact most of the people I’ve talk to have said they have been informed of all the the possibilities both pro’s & con’s of the Dinar sales buy the brokers they purchase from. By the way speaking of scams did Bernie do that with all the people he ripped off? I don’t think any of them had the chance to get there money back either?
What you are saying has some weight but many of these investors are not looking for the currency to rise over time. Most of these investors are expecting a very sudden revalue to the currency in hopes of getting iraq on the global market. Also, there are many contractors waiting to go in and build in iraq. This cannot be done without a revalue because there would be no way to pay them. Who is going to set up a power grid for 20 thousand dollars???
If this is a scam, then how could I buy all of my Dinar a 5/3rd Bank in the US.
You do not have to go on line to purchase these. Just stop in any 5th 3rd Bank
and you can buy them.
A lot of people are rich due to the Kuwait Dinar recovery after Iraq invaded them.
Look what happened to their Dinar and just check what it is worth now.
Article is wrong, you can purchase at Fifth Third Bank. Any order over $250 USD for a bank customer will have free shipping, so it’s a straight exchange with no fees etc.
Dollar is collapsing, Iraq is developing, presumably has no where to go but up. This suggests that the dinar will increase vis a vis the dollar. Worst case scenario, nothing happens, you trade back your dinar for dollars, and walk away with a small loss. Best case scenario you get a very nice return.
So, cheap investment, small downside risk, large upscale potential, and the state of the world suggests it will go up over the long term regardless of any “pegging” or “revaluing.” Sounds good to me.
TO ALL YOU PEOPLE SAYING, “THIS IS A SCAM, ONLY BROKERS ARE GETTING RICH!”
Think Again!
go to an airport and get your currency exchanged. no brokers there.
its a personal decision to invest in the dinar. if you don’t have the money to do it, don’t complain and take your negativity elsewhere. those who have a little faith want to be left alone from all you trolls.
Why are you all hating on this? Because you can’t afford to buy into the dinar? Okay, for every single country that has reevaluating and blah blah blah, every person out there said its a scam! don’t buy into it! don’t waste your money. And now look at the people from Kuwait. there rich.
As for people making money on the dinar selling sites, DUH. I mean come on. The site that my family and I get our information from has nothing to do with him selling dinar, because he doesn’t sell dinar! For every single situation out there, everyone is always worried that it’ll be a scam.
And as for none of the dates being correct about the dinar revaluing, since when has Iraq ever been on top of any financial issues? And so what if the dates where wrong? We had weekends that we thought for sure it was going to revalue, and when it didn’t all it was was “oh well, next time.”
I’m not going to sit here and try and get you to believe me. But why do you say were wasting our money? We either get a revaluation and we trade our old dinars that are worth nothing into the new expensive ones, then turn around and turn that into the dollar, and become millionaires. Now if this IS a scam and we want to pull out, all we have to do is sell our current dinars back to the site we bought them at and get our money back. The dinar would be worth the same we payed for it because it wouldn’t have revalued.
I’ll be laughing when us investors are rich. I can’t wait to say I told you so. GO DINAR
I have heard rumblings that there is a possibility of Iraq being brought into the W T O. Has anyone thought about what would happen then? Can anyone name a currency that has been devalued and never made a return? Trends go up and then go down. How long can you wait?
I meant the RV part is a scam. Not a SINGLE legitimate article that it has any truth to it. The Kuwait situation is totally different since that was NOT a free floating currency like the Iraqi dinar is PLUS the Kuwaiti dinar gradually appreciated over 10+ years and the old notes became WORTHLESS.
So if Iraq does what Kuwait did the dinars you have now are USELESS unless you can go to Iraq and exchange them and even if you do you won’t get 1000s of time return or anything. The Kuwaiti dinar increased over a 10 year span anyway.
Scam? How? If you purchased dinar, say in 2006 for $1,500 from a dinar “dealer” you can now sell back to that same “dealer” for $1,780 – it’s been done. Maybe not a good investment – at this time – but scam……..not. If you want to define this as a poor return / investemnt – ok – but scam……..not.
LOL..this is such a scam. Just do a search for all the previous dates the dinar was due to “re-value”. NONE of them happened. They keep spreading lies to snare in the naive sheeple.
I’ve called banks, currency/coin dealers, forex brokers, etc. and they ALL say there is nothing to this! WHY do you guys keep falling for this obvious SCAM?
The only ones making money are the dinar dealers selling dinars!
it only makes sense that it will rv i think in 2014
Come on people! Spend your money on something good! Many of you probably can’t even pay your bills, and your spending money on a myth.
So is this true? Every time the Iraqi Dinar is “revamped,” the prior dinar is now worthless? About 5 years ago, I purchased a million dinar for about $1600 (US). Does the currency I possess have the current value? Or has the dinar been revamped since then and is now worthless? I look forward to the response from anyone who may know about this. Thank you in advance!
Sounds like “pump and dump” to me……….but chumps never learn.
Scared money don’t make money
I am not listening to the skeptics or people calling this hype. The price of oil will continue to rise. Which means more profit for Iraq and good for the Dinar. Iraq is the 2nd largest oil producer. Their oil is at the surface which means it is rich & prime.
Our trusted friend (who also invested in Dinars) is not a scam artist. He actually spoke with the president of currency dealer. Heads up – If you have Dinars you will not be able to convert it to Gold. You will have to cash it out (convert Dinars into US currency) & you will be taxed (surprise, surprise). He said this is what the State Dept. wants to do. I don’t know if this is official yet.
Also, there will be a set time for Dinar investors to exchange their current dinars into US currency before the Dinars goes to the new smaller notes (bills). I believe the RV will be happening soon. Perhaps, after June 2011?
Regardless of what some say or believe, I haven’t lost any money since I bought my Dinars 6 months ago. I opened a ROTH account with a company that deals with currency. The Dinars are held at another bank. I noticed the purchase price has gone up (from where I bought my Dinar) due to the demand. So, I actually saved $4,200!
I’m so excited about the possibilities and really frustrated about the naysayers. I choose to be happy and remain positive that the dinar will revalue soon!
I have just recently heard the news about the Dinar. Two different people have told me that they have bought lots of it in hopes of a mega return. My daughter works for Chase bank and she has handled over $1 million US conversion to the Dinar. She says the people buying the Dinar are professionals, CPA, Doctors, Attorneys, etc.
She told me last night that the US government has limited the sales to $1500. US per day per customer, and that $1500 will get you over 1 million in Dinar. She has clients that are investing $1500.00 US everyday. She also said that March 27th Iraq is supposed to have their parliament sit down they do every quarter, and this one is supposed to be the one that decides if the Dinar is openly traded and at what value.
I am a silver bug and having a great time with it, so I was just looking around to see what I found on the Dinar. Is the Dinar people are buying the new or old? If a US bank is selling the Dinar does that mean it is being traded on the open market? Is there any truth to March 27th?
I was told by an IRS agent a while back that new tax laws regarding the dinar would go into effect. That happened. this same person told me that several governments, including the USA have bought dinars. A friend told me about dinars after coming home from Iraq. His CPA told him that he has bought dinars too. I finally decided that although it might be a crap shoot, I’ll buy some.
I have seen the beginning of the Marshall plan for Iraq come to fruition. So to all the pessimistic people out there that think that the Dinar is going to amount to nothing. Don’t invest a cent. I have personally seen prominent people invest thousands because of the potential that this currency has to rise to the pre-desert storm levels. Even if the Dinar only rises to 5 cents, initial investors will make thousands. I have no idea what the levels the Dinar will go to but I have doubled my money and stand to make a lot more.
I got my dinar in 2004 before they had all these sites. I also have a gold claim I that I bought in 2003 gold was only 275 oz now 1430 oz didn’t see that coming. You just never know time will tell
Here’s how I see it. I used to spend at least 300 per year buying lottery tickets. I figure my “chances” for that same 300 is better with the Dinar than the lottery tickets. I also figure that 300 dollars is an amount of money that I can afford to never see again without effecting my lifestyle. Yet, if the Dinar IS RV’d at just an equal rate (not the hyped 3 to 1) to the dollar, the profit on my “risk” could be life-changing. Call me stupid or whatever you would like. Like another poster, “I feel good about the few thousand Dinar I hold in my hand”. If I am wrong. I am OK. If I am right….figure it out for yourself.
Hey JMK, I think we all get that you’re against buying Dinar. I’m not exactly for it either, however, you can keep your nasty comments to yourself. And why don’t you spend your time volunteering for charity rather than harp on all the people spending their money telling them to spend it on charity rather than posting these negative comments. The fact of the matter is it is their choice and whether it’s wrong or right you cannot change that. I suggest you do everyone a favor and stop trying. After all, you’ve said your point and what has it changed?
I have invested in the Iraqi Dinar and I believe in this. Yes, it is speculation. I have done my research and believe this is a good investment. I have not invested more than I can afford to lose and I recommend you do the same. This is a good rule to follow no matter what you invest in.
This investment is no more risky than investing in the stock market or penny stocks etc… I have found that those who believe this is a good investment will continue to believe no matter what and those who have chosen not to believe will continue to not believe no matter what.
Each side sees what they want to see. We will know who is right eventually. Until then we will continue to believe what we want to.
Isn’t this how most of life works.
I’ve exhausted all my funds into silver, that’s right! silver bullion.
it’s going to sky rocket in the next 2 – 3 years
the dinars unfortunatly is a “pipe dream” that will NEVER happen.
- Julian
want to get rich, take a risk then
“taking a Risk” Assumes a potential return, no matter how slight. I agree with that. The Dinar is not “taking a risk” it is being “ripped off” You folks really test someones morality, youare like lambs to the slaughter. “Any Day now”!, “I am waiting for news”. Yep. Do the community a favor, for every $1.00 you give away to the Dinar scam, give $1.00 to the charity of your choice. At least SOME of your money will be doing some good.
Ugh!.
It is what what it is, a risk. But if it’s true you don’t want to be on the wrong side. Give up pizza or eating of for a couple of months and now you will have a life changing investment. Take it for what it’s worth.
dear “Trumped Again” , you can contact TRUMP at his website, his folks will tell you he does not invest in the DINAR. Because of his Casino Business he is REQUIRED to disclose his holdings, and guess what? TRUMP? NO DINARS. The only “Big Guys” your rolling with are the folks your giving your hard earned money to. Ya. (is that even a word?)
The Dinar is an investment for paper money collectors, and only the Sadam notes. All I can say is thank god for idiots, it makes it easier for the rest of us, less competition.
Donald Trump did NOT invest in the iraqi dinar! This was a article designed to give confirmation to something that never happened with the goal of increasing sales. At the end of the article, there is an ad for directdinar dotcom at the end of the article.
Another prime example of what lengths some dealers will go to in order to make a buck! It’s also unfortunate because tactics like this give honest dealers a bad name!
STOP. it is easy to see why people are so easily scammed. Most of the comments are half truths and wishes. If Investing? in this bathroom wallpaper made any sense, at the inflated prices the garbage sells for, then why are there no investment pro’s buying this stuff? Hmm. Warren Buffet? No Dinars. John Paulson? No Dinars. George Soros? No Dinars. Guess they are stupid and you folks are smart.
Want to make money in the Dinar? launch a site selling them to people like yourself. Better to invest in 100 Penny Stocks, maybe 1 will work out. your throwing your money away. Try the Lotto, at least some of the money goes back into your community. This is not a new scam, instead of reading the “hope” pages read about folks you were scammed before, and before them and before them.
This scam goes all the way back to the “Mother of all Wars” Jeez. Things are not hard enough on your families these days your making them worse with false hope and giving your hard earned money away. The way the world is you really think the Iraqi Oil Fields will put money in YOUR pocket? STOP. Your losing your grip on how the world works. OUT.
Ya, and so I guess Donald Trump investing in dinar, spending $30 million US dollars, is just throwing money away! I’m putting my money were the big guys are!
I am an engineer. Most of my life I have made decisions and still do based on facts. The problem with this method of making decisions is that usually even the best of investigators don’t have all or even near enough facts to make the best decisions. The fact that much speculation about the RV of the IQD has come and gone over the years would make most shy away from the IQD. The fact that the IQD has not really gone anywhere for years would make most shy away from the IQD. Yet, the IQD notes are beautifully constructed with the best of modern note technology and the IQD does have a lot of oil behind it.
What a person should do is to get a much bigger view of this potential investment than the facts positive or negative. That bigger view comes by listening to your own heart and perhaps even to God. Buy a few thousand or tens of thousands of IQD for a few dollars and hold it. When you hold those bills do you feel good about owning them or not. If you do, then buy some more. If not, then sell them on ebay or save them for conversational pieces. For a few hundred USD you can buy a few hundred thousand IQD. Maybe owning the IQD will provide some hope. Maybe such hope is worth a lot more than a couple of hundred USD even if no significant RV ever occurs.
When I think of owning the little IQD that I do, I really feel good about it. Maybe the facts should say I should not feel good about it. But I do. Over the years I have learned to listen a little more to my heart and less to the limited facts I have at my disposal.
Now if you want to really expand your decision to IQD or not to IQD , bring the Heavenly Father into the equation. Ask Him what you should or should not do regarding the IQD. You may even ask Him when the IQD will revalue. Perhaps He will show you. Perhaps He will not. Now you have your own feelings combined with the source of all knowledge. That is a whole lot better than just examining the limited facts you can find.
Regards,
CY
People, you are unbelievable. Do you have any idea how fiat money works? Yes, for sure they will eventually float the dinar and it will revalue DOWN from where it is today. This is what always happens. A new government always has lots of expenses and so they print money and devalue their currency in the process. When USSR fell apart their money was devalued and reissued 3 times. The only reason I am posting this is because I don’t like seeing so many people duped.
If a deal is so good, it is hard to believe (i.e. 1 K for 1 Mil) most likely it is too good to be true.Another question you have to ask yourself, if what you are sold is so good (as the seller claims) why are they selling it to you in the first place?
Good Lord I wish I didn’t have a conscience sometimes… In reading these posts it’s no wonder why the sellers (scammers) can get so rich so quick.. Please people… I know it may only be a small investment, but when will you realize you don’t get something for nothing!!
After the Dinar scam fizzles…. and by fizzle I mean you’ve wasted 5 -10 years waiting for the “news”… you will be primed for the next get rich quick scheme….. You have a much better chance of making money by going to Las Vegas. At least you would be enjoying a couple days of gambling rather than dumping your money into this fantasy… Sorry for the reality check….
The First Convenience Bank in Wal-Marts are selling and buying back dinar as of 3/1/11. I don’t believe banks can legally be part of internet scams. They are by federal law regulated and audited so if this was an internet scam, then they would run the risk of losing their banking credentials. The dinar is a currency that is currently being traded by banks across America. Call it what it is…a risky investment, but not a scam.
Ok their are some who don’t get it. If you buy $50 $250 $500 dinar, you may get rich! But where can you get them? EBay invester will charge you $5 dollars for any single note of any kind. $25 thousand, or any note in the thousands will be called home first. 99% of all readers of the blog has large notes only. You will need to fly to iraq and turn in the thousand dinar big notes in when they call them home, and they will call them home. Bet money on this fact! You can not remove three zeros of the small notes..get it? The $25000 will be into a new $25 dinar without zeros. The $500 dinar will become the iraqi largest note once they complete the RV.
What’s a reputable place to buy dinar?
My wife, and children are smarter than me. They would never consider buying iraqi dinars. however they would and do spend between them about$800 a month for cigerrettes. They don’t drink, but the average heavy beer drinker does spend an average of $100 to $200 or more MONTH FOR BEER OR BOOZE. in this case the iraqi dinar would be a million times a better deal than booze or smoking or other drugs.
The average family of 4 spends something like 20% of their salary on such drugs as caffine in the form of coffee, tea, and soft drinks and for their trouble get heart trouble, stomach trouble, intestional trouble, kidney trouble, mental problems ect. all because caffine like nicotine is in reality only another drugs with extremely bad side effects. not to mention the other effect of corn syrup products which most drink companies now use and has effectively fattened up the entire world just as if they were livestock. so if you want ot buy iraqi dinar just move the funds form one bad habit to one at least not apt to kill yuo with bad health. just another way to look at risk factors.
every country prints new currency and very seldom does the country just kill the value of the old. it’s usually the same value and most countries just take in old currency distroy the paper . the money value is the same. America continually replaces it’s currency. it doesn’t devalue the old still in existence just for the sake of the new. same value. iraqi leaders are smart enough to know that were they to devalue their post saddam currency to nothing, and simply replace it with new they would face world wide problems in econemy, oil sales , and purchasing power as well as barrowing power. some large brokage firms are holding millions of iraqi currency as a risk adventure, just as they buy stocks/bonds in small stocks which are just as risky as the iraqi dinar. I have stock which ie every bit as risky as the iraqi dinar but realize it was a gamble just as the dinar was. it’s just a risk or gamble you should consider a guranteed loss when purchasing until it proves different. if you can’t afford to lose $1200 than don’t spend it on lottery tickets, the iraqi dinar(and about 300 other known to lose currencies such as in mexico), dog tracks, los vegas, biloxi miss, or any casinos, or hookers .
I have read all of these posts and the only thing I can say is Relax! You bought what may or may not be a huge money maker. You spent $ 1,100 to get 1 million dinar. The value of the dinar may come in anywhere from .10 value or 3.57 value. What makes the difference? If you have a million and it comes in low at .10, you have made $98,900.00 Is that so bad. And if, for some reason that the naysayers are correct which they could not possibly be, you lose $ 1,100, then keep the currency and use it as a conversation piece for your kids, grandkids. I have spent more than this in 3-4 hours at a blackjack table and didn’t cry if it was gone… chill people.
I have really enjoyed the posts on this blog. I am invested and hope and pray it does pay off. THAT being said I did not invest money I could not live without. For me it looks good but a very long shot. It would really boost the economy if all of us invested could cash in overnight! I would be doing some shopping! and more investing of course!
The rumers about banks being notified about an up coming rv are just not true, I went to my Wells Fargo branch yesterday and handed the teller a Dinar note and ask her what is was the value of this, she looked at it for a moment and then said…….” Iraq”…….oh I don’t Know” and then proceeded to check it out, well long story short she did some checking and made a phone call, and then came back and said “sorry we dont hande’l this currency”. I then drove down the street to another W F branch, a bigger one and got the same response, then went to the BOA bank next door and got the exact same response, if you dont belive me try it yourself.
Hello, I am new to investing in the Dinar, and was wondering if Jonh said in January on this year. He mentioned not to waste the time in small notes, meaning which ones? Is 25K considered small notes? Then he said, only the investors that bought the 500,250,etc. Does that mean 500K, etc.
Thanks , if anyone may know what he is referring to.
I’m beginning to be more worried that the US Dollar will lose so much value that this will be a mute point!
Here is the real deal. Those 25 thousand dinar notes all the way down to the 1 thousand dinar notes will be called home first! When this happened you will need to fly to Iraq and turn them in. They will be worth only what they are worth at that time they call them home for 6 months only. Afterward, they will make the newest notes look the same as the old, but with less zero’s or a $25 dinar all the way down to $1 dinar. This will happened once they reach 1000 dinar to $1 us dollar. So unless you own only $500 $250 $50 dinar notes, then you loose, sorry!
You see, they only allowed most investors to buy big notes because they new someday you will get screwed! Don’t bother trying to get the little notes now because it aint happening! I am so glad that my insider knew what he was doing when we invested in this deal. We had dealers from Jordan get the small notes next door and ship them to the US. Read what’s really going to happen below. Notice that they are going to mix old with the new dinars. Guess who is staying and guess who is go’s?
February 06, 2010
BAGHDAD — The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money, RFE/RL’s Radio Free Iraq (RFI) reports.
Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year.
Salih said by the end of 2010 the new banknotes will be fully introduced while the old banknotes will be gradually removed from circulation. He did not specify when the new notes would be issued.
Both will be legal tender in Iraq until the old notes are completely withdrawn.
Iraqi officials have had a long-running plan to redenominate the Iraqi dinar. In 2006, the Finance Ministry recommended to the Central Bank that it carry out such a plan.
Salih pointed out that banks are having a hard time accepting cash savings and deposits, but by dropping the zeros it will make it easier for both the banks to deal with their customers and for the general public to carry money. He said some 80 percent of Iraq’s money supply is cash in circulation.
Salih added that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars but is currently some 25 trillion dinars.
Economic analyst Hilal al-Tahhan told RFI that the bank’s move is overdue. He said he expects the currency change to go smoothly because of the decision to allow both the old and new banknotes to coexist, leading to less turbulence in the economy.
The current exchange rate is 1,167 Iraqi dinars to the U.S. dollar.
When I went to my local bank to buy dinar, they asked what denomination I would like. From what you are saying, I should say I’d like my Iraqi Dinar in notes of 500… Good idea!
OK, we are all hoping for an RV soon. As for me, I’m 38 and bought about 1.2 Million Dinar while working in Iraq. I drove down to the airport and bought it from the local bank. So I’m in for about $1K US. It was what I was willing to gamble at the time.
If it pays off in the next 20 years then great, We will all look like financial geniuses. If not, then that’s OK too, I tried. I put forth a bet on something that might have paid off but didn’t. I didn’t over extend myself and I knew it wasn’t a sure thing. Worst case, I can give it away to my grand children and it will make a good subject of conversation.
So, here is to hoping for the best but being prepared for the worst! Best of luck to all!
I won’t cry over the $6k I have invested in iraqi dinar now but if I sell the 6 million dinar I have now for 6k USD and the dinar r/v over $1 I will cry over the 6 million USD I could have had. Needless to say I am going down with ship or rising with tide.
i just left Bank of America…small branch in suburbs,, they said to call main bank..mon-fri..they didnt think they sold or exchanged Dinar…then i went to good ol chase the lady called the BIG BANK DOWN town CHICAGO…they said chase will not do business with IRAQ…of any kind…no dinar..folks at chase
Seems some Chase branches are selling Dinar, orthers are not. Fifth Third Bank is selling and buying Iraqi Dinar.
I believe investing in the Iraqi Dinar goes beyond just oil, what about building factories and produce clothing for all the world. What about coffee bean or tea leaves, what about all kinds of vegetables also to sell.
What about cars,electronics,all the things we use for the house it is endless. The market is unlimited.
I believe Allah will bless this people who live for one Common goal to Love Allah with all there heart, mind and soul and to Love there neighbor as themselves. Hate doesn’t work, it only produces vengeance. Those who live by the sword die by the sword. Forgiveness produces peace that should be all our Goal.
I saw a comment on here that Bank of America DOES trade the new Dinar and that is incorrect as of 01/12/11. I spoke with a supervisor at the Foreign Currency Dept of BOA and they said they do not and as far as he knows they will not be trading the Dinar. I am holding some myself and hope this changes but the explanation that I was given was that a volatile currency will not be traded through them and this changes constantly, meaning that once a currency becomes stable they will re-evaluate accepting it for trade again.
Anyone is crazy to think that stability and revaluation will occur until the infrastruture is rebuilt and proven to support commercial and industry that has already signed agreements and releases to start producing in Iraqi. It will happen! How long? That’s the uncertainty.
I will take my chances and invest in a few million iraqi dinar. especially since they have the black gold and we don’t…or we do but can’t drill without having some sort of catastrophic incident. even though I agree that there will be major strategies to over-inflate the value, even if it goes 1/10th of what the projected (3.00) rate is being taunted, those that invest (ligetimately) will still make a decent amount with minimal investment.
The iraqi dinar is going to revalue. its just a matter of time. Nobody can say for sure the exact date, If that was the case everyone and there mother would be buying a ton of dinar. right now its all just speculation but if you look at the economy and see how much it has grown since saddam has been gone you should know it will be better sooner or later. The same thing happened in kuwait a little while back and people became millionaires overnight. So lets keep all the negative energy to yourselves and hope the best for everyone.
I’m all for being positive Brandon, but left unchecked, the dealers will pump up the stock by leaving leaving false comments. And, not trying to be negative, but the Kuwait Iraqi comparison is not valid and often used by dealers to artificially inflate the potential of the dinar. The way I look at it, is like buying lottery tickets, only the lottery tickets have better odds.
Hello Jimmy boyd,
Let’s keep our fingers crossed it will happen in the very near future, mmk?
So it’s after the first of the year. When is the RV supposed to happen? There a lot of excellent points on here, from both sides of the fence. As I’m already invested, I seriously pray that this is legitimate. Of course there are doubts, based on the redundant history of missed RV dates, and the printing of new Dinar 7 years ago, but how does one figure what is worth the risk, and what is not?
iraq has formed a new government so it has to rv sooner or later otherwise they will not have any value on their dollar? cmon people use your head please.
News Flash Elvis,
The Iraqi Dinar IS the money of the new government, come on, please, use your head.
If you look back on any financial site, you’ll see countless dates where so-called experts claimed a rv would happen, those days came and went, yet no rv!
It’s the 4th of January 2011. Where are all the comments from all the new millionaire’s?
The new millionaires are the website owners selling dinar online and they would rather not announce it. To their credit, they did spend a LOT of time going around the internet pumping up the dinar
Hey, this stuff has been “about” to RV since 2005. C’mon guys and gals, just send me your $700 bucks and I will send you some loose leaf paper. At least you can return them for the same price LOL.
Hi all!
For me, buying a million dinars or more is not gambling but rather taking a calculated risk. There’s a whole lot of difference when you do the math!
I am not anchoring my hopes on prophetic RV’s by many people; many dates have passed and people are still waiting…well, until the next supposed “RV” date passes again.
Here’s my logic: (Note)*
1. Demand for energy will definitely rise as our global population is increasing at a rate of plus 1% annually. We will reach the 7 billion mark by 2011 and 7.8 billion in 2020. By 2030
our global population will be 8.26 Billion, 9.79 B by 2040 and 11 B by 2050. We need more food, shelter, clothing, cars, cell phones….the whole bunch of goods and services! We need more energy to sustain the life we have now, rich or poor! The oil infrastructure has been there since the 1900′s to meet our demands. Alternatives will take time and trillions.
2. The bad news (but good news for dinar investors) is oil is finite and global oil production will peak at about 89 M bbl/day by 2014 from the current 87M bbl/day capacity. Not material if my computations are right or wrong; depletion is bound to happen anyway!
Currently ,global consumption is 31 to 32 Billion barrels per year; new oil find is about 5 B barrels annually; Depending on a global demand growth of say 1% to 3% after the recession, global oil annual demand will reach 34B to 42B barrels annually by 2020.
On the other side of it, Production decline rate of existing oil wells is at about 4% annually or 3.5M bbl/day hence upstream mega projects resulting to a total of say 4M bbl/day will only have a 500K net effect or additional capacity while IEA projects 2011 demand to increase by 1.3 M bbl/day. In short we do not have that much buffer stock to meet demand. Prices will go up DEFINITELY!
3. Annual demand for new cars is 72M. We have a fleet of 1 B cars/trucks globally as of 2010 all burning a total of about 46M barrels a day. New demand is coming from emerging economies like China and India, about 600 to 700 million cars in the next 10 years. If car companies perfect hybrids, they need about 15years plus to meet both replacement and new demand.
4. Oil producing countries tend to benefit from the energy play. Iraq, now with 144B barrels (probably increasing to surpass Saudi Arabia reserves, as 3D seismic data/studies/assessment of total oil reserves come in) will greatly benefit. As oil production from tar sands in Canada and Oil shale from the U.S. becomes feasible when oil prices are at $ 90 plus/barrel (cost of $45 to $65/barrel), Iraq oil extraction cost is $ 2 to $ 5 /barrel. Even if current 2.6M bbl/day production is maintained but if oil prices reach $100 plus/bbl, Iraq will have twice the revenues than it would have when oil was at $50/bbl. If Iraq attains just 4M bbl/day in the next 5 years rather than the targeted 6M bbl/day and at an oil price of $ 100/barrel, its annual revenue by then will be about $ 131B as compared to just $50B currently.
5. Bottom line, Iraq dollar reserves will increase, government will have a higher budget to deliver goods and services, infrastructure will be in place, GDP per capita will increase to about $15K (population of about 37M ) as compared to $3,300 now (population of less than 30m), the Iraqi dinar will increase in value versus the U.S. $ within that timeline say 5 to 10 years to say 1 to 50 Dinar = $1 U.S…..More than that, well is gravy!
Working my ass off in either corporate or government for 30 years will get me a lump sum retirement way below than what I can possibly get with the Dinar for a wait period of 5 to 10 years I am willing to take. Its all worth it. Buy what you can as long it does not affect your day to day cash flow! Increase your holdings! Secure your Dinars so roaches or rats wont make nests out of them…lol….long wait it is! …But I say well worth it! Do not SELL till you get a $ 1.00 = 1 dinar value.
The tipping point will be the hydro-carbon law passage (Iraqi government need to pass this)….Peace and security not a major issue now as incidents have declined and under control. Other countries in this planet much worse but their currencies are holding…
Afghanistan currency value at U.S. $ 1.00 = 43.00 AFN
Mexico : 12.35 Pesos to a dollar
Pakistan: 85.67 Rupees to a dollar
Philippines 43.77 pesos to a dollar.
By 2012, Dinar will be more expensive to get. When people like us start imagining what we can buy with the potential profit, while the bandwagon of getting dinars spread like wildfire globally and no one is selling as we want a higher value conversion, hence, supply is short, value goes up.
My best wishes for all!
* Note: (excerpts from my dissertation 2008)- Phd Management
Hello Mohammad,
You’re wrong. i agree with cajun man as my sources also tell me the rv must happen before the end of 2010.
Time will tell, as it has with the other dates
It would be nice though, wouldn’t it
Speculators are just what the word says. However even a broken clock is right twice a day.
Everyone has their “sources”, mine have told me that the Dinar must be RV’d before Dec 31st of this year, this decision was made about 2 years ago. My “sources” also tell me that part of the deal is that if it is RV’d by Dec 31st that the US will forgive the 3 trillion debt from the war effort.
The US Gov’t stands to make a bundle because they are going to tax the heck out of all of us that are not smart enough to find tax shelters. Plus with a bucket of new millionaires in the US, some spending is going to happen, especially by the folks that aren’t used to having money.
My “sources” also tell me that the US Treasury will assign the task of exchanging dinars at 8-10 locations throughout the US, by appointment only in order to ensure authenticity of the dinars. I can promise you that the local bank here wouldn’t know a dinar from rial.
The activity at the reseller where I buy my dinars has increased 200% in the last week. Someone knows something. Good luck everyone.
Hey Cajun Man,
You are being misled! Check out all the comments here in the last year, you’ll see dates were set to RV many times, and each time, they all passed and no RV. The only thing that happened around these dates is that the online iraqi dinar dealers sold more than usual, as they should since they are the once feeding these lies to the public.
Dealers are panicking because you can buy dinars from your local bank now and their business is suffering!
I’d love for it to RV, but not going to happen any time soon!
Hey, I’m in for $1100.00 worth and I hope Iraq succeeds and the dinar is RV’d soon. I don’t want to lose my money and its hard to imagine how the value could slip any lower than it is now. As far as gambling goes, I lost a lot more on my 401k in the past two years than I would if I lost everything here!
I’m staying in. I bought new IQD from 5th Third Bank so I guess I would be able to exchange it back whenever I want. I would be happy with a one to one exchange rate because that would make my million plus IQD worth a million plus dollars. I’ve heard it could be close to the Kuwait Dinar, but I saw a graph on another web site that showed the degraded rate of value of the IQD over the period fron the 1930s to 2005 and it has been pitiful for years so don’t get your hopes too high.
It’s best to pray for the success of the Iraqi government and peace in the region at least long enough for the value to return to something respectable… I wouldn’t get my hopes too high for long term peace there under any circumstance! Just remember, it’s only money!
Anybody have a good idea when the dinar will rv?
Looks like every prediction on a RV has been false. I believe it WILL happen. Just a matter of WHEN
what is the possibility the new Iraq govt. change their currency making the current currency wothless
they just R-V to 3.87 !!!
im richhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!!!!!!!!!!!!!
as are the rest of us im sure lol
merry xmas to everybody i love u alllllllllllllllllll!!!!!!!!!!!!!
Hello Gerald,
Dream Typing! That is what you were doing when you wrote this message, the did not R-V the Iraqi Dinar to 3.87. Sorry to give you the bad news
I have done due diligence on this — it is real — the sources of intelligence are from Presidents to Generals in the Military – Bankers – International Bankers – News Articles. The intelligence sources are varied and from a wide range of professionals – nations etc…
Yes, there are scams out there — Any legitimate business will have others that have the same business, but will be fraudulent and scamsters.
History shows after WWII that currencies do go up 100′s and 1000′s of times when they begin to recover from the war years. In my opinion it is not a get rich quick scheme for those of us who have done our due diligence.
If you know of Clark Howard and consider his opinion then you would know that this is real. If he is duped — then we all are! He is an extremely cautious radio talk show host on 95.5 fm in the South East on from 1pm -4 pm. He is widely respected and valued for his stance on protecting consumers.
If you think he did not do his homework — your wrong. This is real.
The other side of this is understand the endtimes and scripture — Babylon and Iraq are one and the same == The Bible clearly states that the Nations of the Earth will grow rich through Babylon. OK — Now your argument is no longer with Man – buy God’s Word — God wins – hands down!!
Buy some and make sure it is authentic.
Hello Trevor,
“If he is duped — then we all are!” – You make it sound like he understands it all, is somehow all knowing. He is a man and therefor flawed.
For you to quote “Babylon and Iraq are one and the same == The Bible clearly states that the Nations of the Earth will grow rich through Babylon” and say that not to buy the Iraqi Dinar is going against the word of God is stretching it a bit far! There is NO MENTION of the Iraqi Dinar and growing rich does NOT mean monetarily. You are manipulating the Word to suit your desires and then trying to push it on others. I am afraid you are being manipulated and prepped for the end of days – greed will do you in.
As to no banks I buy mine at a fifth third bank in the USA. OOOOOOO!!! come on RV
I bought 1m Dinars for $1170 just to take a chance but I really do think its a crock of $&!^ All these crazy people acting like they know when its going happen when they really have no freakin clue. If it does happen it could be in 30 yrs. We might as well kick ourselves in the behind and use it as toilet paper.
All you nay sayers are retarded, first of all we haven’t even completely pulled out of there yet, so there is really no way of telling until they are on their own, and look at how long it took the US to actually get going and be in the positive after we got our independence, plus we didn’t have such a massive resource as the oil reserves that they have. It takes a long time to build a country so nothing is going to happen over night, so if you have the extra cash to invest in something why the hell not. Also if you are worried about such a small investment that this can be to such a high return that is possible then you shouldn’t be investing your money anyways because you don’t have the money to invest.
Does anyone have the figures of how many dinars have been sold to us investors since 2004? Any info would be appreciated thanks:)
Just wanted to make a comment regarding Dinar. My husband and I purchased our iraq money from the bank and the dinar we received are in EXCELLENT condition!! They have never been recirculated, wrote on, torn, nothing… Also, a friend of mine has purchased many millions of dinar through them company for himself and others….all the same, in EXCELLENT condition. I’m not saying that some others didn’t received used dinar, I just wanted to make sure that it was posted that there are some people that are very well satisfied with the dinar they received!
Guess what, Kala M. The UN does not set currency exchange rates.
Ok,
So I’ve invested in about 1.5M worth of Dinar. I looked at all these comments about people ranting about ‘its never going to happen’, or ‘you guys are idiots for investing’, and I just want to say this:
The word Gamble means a lot in this instance – I agree – so all you pessimistic people need to calm down. I don’t know if it will rise or not (NO ONE KNOWS IF IT WILL OR IF IT WILL NOT), and I don’t really mind either way. I invested about 1,000 USD, which isn’t that much: Just savings.
I think if it does, I’ll be happy, if it doesn’t… oh well, at least I can say I took the chance.
I agree with Angie down below 100%.
I agree Cody, it’s a gamble, but when people give a date that the dinar is supposed to revalue like Kala, it makes people think it’s actually going to happen and that is wrong.
I’ve anxiously been waiting for the RV
i have dreams right now of cars, houses, trips, exotic pets, and all the other finer things in life.
i have 7M dinars which i bought back in 2007
god pls make this possible!
Everyone seems to think its not going to go through, but if you have done the research and the calling like I have then you will know that its real, legal, and not a scam. If it was such a scam then why did Bank Of America invest there own money in it? For the people that say the banks dont accept dinar are semi right. Banks are NOT accepting the OLD dinar with Saddams picture on it, but the NEW dinar is accepted at almost every bank! Bank of America has already raised the exchange rate for the Iraqi Dinar in anticipation of the revalue. Do your homework and research!! By the way the UN have already agreed in the revalue of 5.65 US per 1 Dinar. you do the math! It goes in on the 15th…
Hey Kala,
Looks like your information about the iraqi dinar revaluing to $5.65 for 1 dinar was WAY OFF! This is exactly the hype that leads people to make bad decisions! In fact, today the dinar lost value. I think you should be the one to DO THE MATH!!!
I believe the new government of Iraq will demonetize the current Dinar banknotes which will remove all but the lower denominations from circulation. The ‘new’ currency will be pegged to a value close to the US dollar or possibly even the Euro.
No country would ever consider revaluing such a low value currency to the ridiculous plus side that so many ‘investors’ are purporting, or hoping for. The Dinar is a currency and NOT a magical stock investment. It will NOT revalue in some incredible mythical forward split and create countless instant millionaires, the currency trading world just doesn’t work that way, plain and simple.
Further, the Kuwaiti currency correction is not an accurate comparison, what one should observe is the recent history of the Mexican Peso or the Venezuelan Bolivar to see what the fate of the Dinar will be.
Sorry, but do your due diligence and wait for the impending LOP.
Would you rather know you stepped out and it went through, or be scared to step out and missed an open door? Live a little. If you can, do it! If not, don’t go in debt trying!
Would you rather know you stayed in and it failed, or invested and had it flop. Be safe, don’t go further into debt, focus on reducing your debt first!
12-07-2010 Everybody take a deep breath – I believe the Iraq dinar RV is about to happen! The Iraq government has plenty of US dollars to redeem all your dinars.
Jim
i think the dinar is a good investment. i know there are risks much like any investment. and i think those people that use post gulf-war dinar as a reference are ridiculous. the exchange rate was made up by Saddam.
But, I do believe that there is potential here and i think the government knows this and is looking to bank on the taxes people will be paying. currently at 28% and will raise to 32.5% from what i believe. I think there is a lot of money to be made here. if you invest a simple 270 dollars in this and nothing happens, you may lose 50 bucks or so with exchange rate, but who cares about $50? It’s not that much.
If you do invest $270 dollars, currently you can get 250,000 dinars. if the dinar raises to 3 dinar to 1 us dollar (which is what I’m expecting) then you will trade in with 83,333.33 us dollars. after a 32.5% tax you will have 56,250, minus the exchange rate. now i think the government is waiting to reevaluate the dinar till the new year for tax reasons. at the current rate you would’ve banked 65,000 off that investment. by waiting the government is making an extra 8,750 dollars in taxes from that simple investment. that is just an example. but i think this investment has potential.
The re-valuation of the dinar is not going to effect the exchange rate, or at least it will affect it very very little. They were talking about just dropping the 3 zeroes off the ends and introducing new bills, similar to what a previous poster mention had happened in Mexico.
The reason Iraqi Dinar will go up in value (450k%? Definitely not. I could see 500-1000% over the course of 10-15 years (simple, NOT compound). ) The reason being is simply because of the enormous oil reserves we are in the process of getting at. Right now, Iraq as an economy is very very poor. There is virtually no industry and most business is conducted unofficially in markets. The oil will bring money into the country, allowing for development. The development will cause the same amount of people to make significantly more money. If the amount of Dinar remains the same it will cause massive deflation in the currency (ie same amount buys more stuff) which drives up exchange rates. The Dinar will definitely go up, but I would never base my retirement on it, nor would I expect a massive revaluation.
Whoa, just a minute…
First off, the Iraqi Dinar is not listed, you cannot buy or sell it at any bank or financial institution outside Iraq, unless from a “Money Changer” (read scalper).
Second, the rates I see published from the scalper sites is %125 of the actual going rate in Iraq, so you will be paying $1060.00 for ID 1,000,000.00 instead of $850.00 or so per million ID.
Third, the scalpers will only pay around %75 of what they are charging… I did say SCALPER, right?
Best of luck, but it has always been to the advantage of the country to reissue a new currency and devalue the old, especially if they owe a lot of debt in the old currency. This will be coming I suspect
Whoa there Ron,
That is INCORRECT. I just verified this and 5/3 bank IS selling Iraqi Dinar!
Last I checked, 5/3 was not a SCALPER but a very large and credible bank
Better step back and do some more research there before posting comments like this.
I live in Texas so I have seen what the Mexicans have done with the peso. The pesos were really cheap at one time, can’t remember the rate but say 200 pesos to the dollar. Well, Mexico came out with the new peso, and the pesos have a N on them for new or nuevo. So, the 200 old pesos became worth 1 new peso.
Look at all of the billions of new Iraqi money being printed daily, sold all over the world, in all of these countries. The Iraqi government can just say 100,000 new dinars are now being replaced by the PW dinar so 10 PW dinars would replace a 1,000,000 in new dinars. Then they would just set the value of the dinar at some reasonable rate, maybe $1 or $5. It would be good for their country, and do you think that they are going to watch out for all the foreigners that bought into these new dinars; why should they.
Just my $.02 or should I say just my $10,000 dinars?
I Think having 1,000,000 Dinar in the safe is not too bad of an idea.
Better odds than a state lotto..
Actually, the odds are much worse than the state lotto, any state for that matter!
y thoughts…..not going to revalue until end of year. Why? Because the us gov. Stands to make the most money this way. I don’t know the exact numbers, but at the first of the year some tax is going up something like four and a half percent. I think, it might just be the tax that people would be paying off because of a situation just like this. (Ex: taxes on lotto winnings).
If people don’t have enough time between the value announcement and the 1st, then hell, there’s 4% they’ll never see again. I’d say its actually a real real good sign that its DEC 1st and the dinar hasn’t revalued. If I’m not mistaken, these contracts that have been made with Iraq were made using US dollar as the currency , and are being rewritten using the dinar. This, in turn, would suggest to me that the dinar will revalue for the best because if not then what would the point be in changing anything?
Dollar values have been used instead of dinar in Iraq for some years now, I think bc the value of dinar to low. Last, its funny to me how little the value of money is in countries ran by dictators compared to when a country is not being used for personal gain. Democracy formed in Iraq…..well almost every position is filled. I feel obligated to say that I know absolutely nothing about this sort of stuff in the really real world, just an unemployed 22yr old fascinated by these kinds of topics
Let me see if I have this straight: The bank of Iraq revalues the Dinar to say $1 US. According to Wikipedia, there are said to be some 25 trillion Dinar in circulation. So, assuming a typical current value of 1000 Dinar to $1 US, and if we do some very simple math, this works out to be $25,000,000,000,000 (25,000 trillion) after a revaluation…a totally ridiculous amount of money. Hmmm… Does anyone else see a HUGE problem here? I sure do! Sounds like very expensive wallpaper to me
@debbie nirrus, I’m not impressed!
i agree with angie 100% if you don’t take a chance in life you never go anywhere and that’s directed at all the nay sayers, if i lose out on a couple hundred bucks from the initial investment then so be it but if the dinar does hit and i didn’t make the play then WOW that’s alot of regret.
I just heard that this was a huge peramid scam!!!!! The big guys selling are doing a hedge fund with our US dollars – any one else heard this?
You don’t have to buy the Dinars online. All you do is go to your local exchange counter. Normally they are in a prestigious mall and also airports. Just be aware of your surroundings, because I am sure there are some shady people out there who are aware of the surge in large Dinar purchases.
not to mention you cant really loose your money, due to the fact is all you have to do is go exchange it back in for US dollars. You just might loose a little in the exchange, plus the small exchange fees the counters charge. So really its a win win situation, considering buying stocks or doing other types of investments ” returning it to the store” for a refund isn’t an option like there is with this.
Anyone can do whatever they want with their money, and no one is going to say that currency exchange in general does not come with some risks. There is a big HOWEVER here, and it makes me angry that people will naysay something like this while conveniently ommiting important info on the topic. Those of you who have already bought dinar and are regretting it because of this article, relax and use your brain for a minute. Obviously there are no guarrantees, but the Iraqi Dinar is roughly valued at around a tenth of a penny right now. That is completely dirt cheap, even if the iraqi dinar doesn’t increase all that much the chances of it getting lower than that are slim to none, really almost non-existent. Add that with a small history lesson, the huge increase of the kuwaiti dinar after the gulf war in the mid-90s and the restabelization of the country, an extremely similar scenario to the one going on now with iraq. Plus the fact that several major companies are already moving into Iraq and pouring large amounts of money and resources (Honeywell, Halliburton, just to name a couple) is a tremendously good sign. Also consider the fact that the U.S. treasury has already invested billions in the Iraqi dinar, it almost makes you want to call people like the author of this article nothing more than doubt-mongers. I am not someone who sells dinar or has any stake in that side of things, just a meager investor like the rest of us. I read things like this and then I read peoples reactions and it just rubs me the wrong way, relax on the dinar and understand that the likelihood of making money on this venture FAR outweighs the chance of actually losing money, the real question is will it be A LOT of money or just a little.
I personally don’t recommend buying dinar notes (RV) from USA Currency or GID, they send out used, torn, and circulated dinars. They were not honest with me and did not disclose they send circulated, used, torn and written on dinar notes. When I tried to contact them they failed to respond. I WILL NEVER DO BUSINESS WITH THESE TWO COMPANIES again!
Hey JTE,
Why didn’t you just buy from a US Bank?
Well, the way I see it …this is a waiting game & needless, to say the American’s can wait. Life is a gamble and if opportunity permits it will definitely be worth it for many and if not then we all have a some really expensive wallpaper to contend with….Really people…do you think this is just the people themselves that are guessing…this is bigger than us all.
I would also like to point out that quite a few banks in America are now selling iraqi dinars. I would check with Bank of American, Fifth Third Bank, Wells Fargo Bank, Chase Bank, Citi Bank, and there are some more, I would call around to a few of your banks to see who might be selling the iraqi dinar. Since banks in the United States are now selling the iraqi dinar and not just the dinar resellers/webmasters, so that has to mean something!
It’s going to be so funny when the iraqi dinar does revalue, and all thoese people who keep saying “you just got scammed” or “it’s never going to revalue” miss out on tons and tons of money! Why are people being so stubborn about this? It just doesn’t seem right for these people to automatically assume that it won’t revalue, they obviously have not put two and two together. Don’t be too quick to judge before doing your research on the iraqi dinar. I’m sure you will be very surprised as to what you will find out about it.
Let us look at the facts:
-Iraq is one of the wealthiest countries in the world. Iraq has the second largest oil reserve in the world (The first is Saudi Arabia). Now that Iraq’s government is formed, they will be allowed to sell their oil to other countries around the world. This will allow Iraq to regain wealth and begin to stablize their economy.
-Western and Middle Eastern countries are not going to let iraq fail and fall into a country of instability, especially with its enormous potential to become very wealthy. They wouldn’t dare to just sit back and let Iraq’s economy be taken over by any surrounding criminal country, period.
-When you look at the history of the Iraqi Dinar, youwill find that in 1959, one iraqi dinar was equal to 2.8 U.S. dollars. Later, in 1971 and 1973, the U.S. dollar decresed which made one iraqi dinar equal to 3.3778 in U.S. dollars. then decreased to a value of 1 dinar= 3.2169 for every U.S. dollar. In 1991, after the Gulf War, sanctions were placed on iraq by the U.S. and other international communities, along with excessive government printing of new iraqi dinar notes, the iraqi dinar devalued in 1995. By that time you had to have 3,000 iraqi dinars for every 1 U.S. dollar! Then, after the removal of Saddam Hussein in 2003, the Coalition Provisional Authority began printing new iraqi dinar coins and notes. The new banknotes allowed for oversea investors to buy the new iraqi dinar in hopes to make a profit off of them as soon as iraq’s economy improves. Once these new iraqi dinars were introduced, you had to have 4,000 dinars for each 1 U.S. dollar. The iraq dinar is currently held at an exchange rate of 1,170 dinars for each U.S. dollar at the CBI (Central Bank of Iraq).
-As you can see, before the Gulf War, the iraqi dinar was worth a lot of money. Now that Iraq has formed their government, they will be able to boost their oil production and sell it to other countries. Obviously, the best way to stablize an economy and bring them wealth, is to sell their oil, natural resources, and of course the revaluation of currency.
-The United States has promised over $18 billion, support, and relief that will allow Iraq to develop 70 billion dollars per year economy. (Saudi Arabia is the first)
-Another upside to investing into the iraqi dinar is, for each dollar you buy in iraqi dinar, you are supporting the iraqi economy and Iraq will soon bring it’s currency from all time lows to an internationally recognized currency along with an increasing value.
The reason why the iraqi dinar’s currency rate fell at an all time low was because of all the catastrophe that went on at the start of the Gulf War, and everything that went on with Saddam Hussein. Now that he is gone, and Iraq has finally formed their new government, they now have the ability to stablize, regain security, and become a wealthy country once again.
Do you honestly think other countries, including the United States, would let a country with an extreamly high potential for weath fail? Especially given the fact that Iraq has all that oil and natural resources. Also, do you really think an economy with so much potential for weath would continue to have such a low currency rate? There is just no way the second richest country in the world would stay at such a low currency rate.
All I can say to those of you who are skeptical about investing in the iraqi dinar and do not believe it will happen is, don’t be upset when the iraqi dinar revalues and you missed out.
People all over the world invest in currency by itself…. the first trip to Iraq in 03 I started my intial investment, by the time of my last investment “inflation” already had taken place and the cost of dinar had already gone up. IF millions were invested and LIVES were taken in just distributing this currency, and millions of people invest in the country INCLUDING Saudi’s and Kuwaiti’s and US Gov Officials like Hillary Clinton (over 700 million dinar invested) then what is the big deal on trying to invest in world market currency which is more then likely going to be another Dubai or Kuwait within a decade. roll the dice… its a game called life so live it. dont be SKEERED! lol
Why are people buying the dinars online? You can go to ur bank and buy the dinars!!!! I work at a bank and i also purchased them thru my bank just as others have…. just wondering?…?
i have got 2.5 million iraqi dinars…any buyers????
How does one know when you’ve been suckered into a scam or not. I bought some dinar from a company and now I’m having second thoughts. I guess it’s all a gamble just like anything else in life.
To: Paul Guzman If you want to sell your Notes? I will by em!
I have bought 2.5 million dinars in 2004(about $2000 dollars). Some of us play lotto and numbers more then that per year.Iraq got the world 2nd largest oil reserves. Unlike other Arab countries most of the population is educated and iraqi land is more fertile. If Kwaiti Dinar can be valued at about 3.5 dollars per dinar there is no reason Iraqi dinar cannot get to the same leavel in the near future. If I have a chance to convert my thousands into million, I am willing to take that risk any time. Wish you all the best.
I see alot of blogs and most say “either the dinar is not going to be worth it’s weight”. On the other hand I see them say “your going to get rich quick”.Let me tell you people that are willing to take a risk on something.”Anything worth having ,is worth waiting or fighting for”.The Iraqi’s are not fighting against eachother in politics because they just want to be in charge,it has alot to do with money.Diffrent religions are fighting to be able to control the way the country moves foward.At any rate they have assets and revenue(OIL,GOLD,and NAUTRAL GAS).If you have a country where many large investers from many diffrent countries are dumping millions into it,there is going to be some kind of return.That is guaranteed.The Dinar is not where the money is,the money is in the country.I will leave you with that.
Hello,
Is there going to be a re-print or change the Iraqi Dinar.
Thank-You
Investor.
I am willing to take a small risk.
I understand $700.00 will buy me , a million dinars.
I was told from a source of mines, that they are planning to print new Iraqi Dinars. Which would mean that for anyone who has already purchase dinars, that money would be worthless.
Paul, I have bought the Iraqi Dinar two times now and if I can come upon more money, I will buy more dinar. Sure, it can be an elaborate scam, but I am a gambler. Where else is there such an upside potential. I will risk a few hard earned thousands just to be rich if it is not a scam. So, I lose some, at least it will be the first scam, I have fallen for. You know the dinar WILL BE valued at something someday. Hopefully, it will be at least a penny so we can make approximately 10 times our money for go up to a dollar and whooppee.
It was a multimillionaire who is a financier that suggested Investing in the Iraqi Dinar and he invested as well, when you look at the global markets, how many countries are debt free like Iraq is with their resources. I have lost money in the market and only invest what I feel I may not get returns but I know some folks who are pretty globally wise when it comes to finances and if it is something they invest million in I guess I can afford a few measly hundred.
sirs
ive got some 25 notes of dinar with pictures of s.a.da.m and also horses pls tell me the fee and help me to sell if the fee is good
I am very intrersted in knowing where the web masters buy their dinars. Do you think it would be a good idea to open a account in a Iraqi bank? I am retired and don’t have much money to invest if I purchase say five thousand dollars worth Dinars how long before they will reach the equivalent of a U.S dollar?I was told saturday that the Iraqi donar was on the forex already. Is that true?I would greatly appreciate your sound advise.
There are naysayers all over the internet bashing anything from soap to health drinks on and on. i dont know why, i guess they get off on it or something. why should you worry about me investing in the iraqi dinar or what i do with my money? worry about yours!
I disagree with you.
I am an Economist and also an Accountant.
I can see a very bright future of Iraqi Dinar.
Iraq is the world 2nd oil producer and in economics oil is compare with Gold, and also have given the name Liquid Gold.
Some important facts china consumes 9 million barrells per day the U.S. consumes 7 million barrells of oil perday . Haliburton corporation just recieved a contract to build 5 oil refinerys in IRAQ sooner or later the denar will appreciate what do you have too lose
I have heard rumors, suposedly from an insider in the State Dept, and also from folks in Iraq, reading their local newspapers, that the Dinar is about to be valued at 3.57 dollars per dinar. The date that this is going to happen is supposed to be within days. (Today’s date = 9/03/2010)
Does anyone have any info refuteing or supporting this info?
I think your information is wrong Bobby – it’s been days and no change, let alone 3.57 dollars per dinar! That is a pipe dream!
i want to know if it is ever going to even go up at all? is investing in the dinar only a dream?
i have invested into The Iraqi Dinar im a gambler not really understanding the trade I just feel good about this particular invesment Hey im a gambler
If the old Iraqi dinar with Saddam Hussein picture on it is removed from circulation and is no longer trade-able with in Iraq (or anywhere for that fact). And the new Iraqi Dinar is able to be traded within Iraq and internationally. also to include all of the security marks on the new bills, Thus will help increase the value of the Dinar, simply because this would eliminate nearly all counterfeit bills, and with he new security making it difficult to counterfeit.
also if the new bills are trade-able internationally. This alone would increase the value of the dinar because the old bills are no longer trade-able, and the new bills are trade-able not only within Iraq only but internationally also. If the country stabilizes its self by selling their oil, which their new government is speculating. The value will definitely increase. How much it will increase to is unknown. how ever even if the value increases any, The investment is profitable. Watch news and see whats happening in Iraq.
Mr. moderator, thank you for this great service. I almost bought this currency!
Please keep me posted. I just recently purchased some Dinar notes from a company called GID Associates and am very unhappy!
Thank you.
Was wondering if the US Gov’t is an investor in Iraqi dinar? If so, where can I verify this information?
Kent
I want to thank you so much for giving me some very important information! I have received at least two or three offers a week of people selling these Iraqi dinars, and I had been mulling it over, but with the information you provided, my decision was alot easier! I will definitely not be investing in these questionable offers! Someone else can take the risk—I’ll put my money in something a bit more stable. Thanks again!
Best Dinar Value ? I have great faith in the Iraq Dinar and am will to put some of my investment money in this deal. If I want to toss away money I will play the LATO with the dinars they will always be worth some thing and may be become my retirement or my grand sons collage education. I have used SCGS US for more than 5 years and really like them, fair priced and good delivery. They don’t deal in the Dinar Rumors , just good values.
What you say does make good since but however you have to also consider that Iraq is the second largest producer of oil in the world. Also look at what the other places around Iraq to see what there dinars are bringing at this time. Then the next step is to research the history of the Iraqi dinar, which I suggest you start from about the beginning of the 19th century.
This is the information that I believe will tell you if you should or should not invest into the dinar market. I think we are dealing with postwar profits here and who really knows where this is going to go in the future. One thing we do know is it is going to go somewhere and that is for sure. Pay close attention to the way the dinar value went from 1994 and on and just prior to 1994.
I hope I have given some light on the subject and it is of use to those who wish to invest into the dinar market.