Dinar Scam | Dinar RV

Iraq Dinar Scam is back | lunaticg banknote & coin

The Historic Background of Iraqi Dinar

The Iraqi dinar is thought to be the officially approved foreign money of Iraq.Beforehand used Iraqi dinarIn 1931, the Iraqi dinar was brought into circulation and was at the value of par with the Pound sterling. The Indian rupee was replaced by Iraqi Dinar and it was identified to be the official and licensed currency at the time of occupation of Britain Pressure in World Struggle I. After the year of 1958 the Iraqi dinar was indifferent from the Pound sterling, but but remained with its very excessive value.In 1991, after the Gulf Warfare Iraqi Dinar received devalued quick because of the financial blockade and open printing of banknotes by the federal government, so by this in 1995, became equal to 3000 Iraqi dinars.Banknotes had been issued between the 12 months of 1990 and 2003, and together with a observe of 25- Iraqi dinar was additionally issued within the 12 months of 1986; having an idealized image of earlier Iraqi President Saddam Hussein. Within the 1991 of Gulf Conflict, Iraq's foreign money was designed utilizing inferior quality lithography was used and poor grade wooden pulp paper moderately than strains or cotton and within the printing of Iraqi Dinar.Faked banknotes generally gave the impression to be of fine and higher quality than the actual notes. The very best quantity or worth printed until 2002 was 250 Iraqi Dinar regardless of of the collapse in the value of Iraqi Dinar.Iraqi Dinar printed currency was referred to as as the Swiss Dinar Currency before the Gulf War. It discovered its foreign money name from the Swiss printing expertise that made banknotes, considerably good and better commonplace and quality than those produced later underneath the financial sanctions that have been applied by the British Government after the first Gulf War. After a substitution or altering over interval, the Iraqi authorities disallowed this currency of Iraqi Dinar. However, this outdated currency continued to be circulated in the Kurdish areas of Iraq in anticipation of it was substituted with the brand new Iraqi dinar after the second Gulf War.Newly Used Iraqi dinar:Between 15th of October 2003 and 15th of January 2004, the alliance Provisional Authority imposes and issued the brand new Iraqi dinar to type a single mixed forex that is used all through Iraq regions.
The Company primarily based upon Hampshire, named "De La Rue" designed and printed the New Iraqi dinars in England, also familiar as the "Post - Saddam" dinar, in six values or denominations: 50 Dinar, 250, one thousand, 5000, 10,000 and 25,000 Iraqi Dinars.In November, 2004 the issuance of new 500-dinar be aware was made by the Central Financial institution of Iraq to offer help to the market transactions. The banknotes are good-looking and of Swiss high quality and having many security features rendering them very hard to faux, features are, metallic, Links, Safety Thread, watermarks, ultraviolet photographs and raised lettering.Price of the new Iraqi dinar:Iraq is second largest oil producer in the Middle East and has the biggest reservoir of natural gas. The new Iraq will take full benefit of exporting these petroleum resources with authority.

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Source: http://www.articlesbase.com/currency-trading-articles/the-historic-background-of-iraqi-dinar-3827146.html


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10 Responses to Dinar Scam

  1. Anthony Sterrett says:

    Is the Iraq Dinar Currency Revaluation a Scam?
    Hello Everyone. I just recently bought some Iraq Currency the dinar back in April. It was suppose to re-value to a much higher rate with weeks but it has not done so yet. I am afraid I am have bought into a scam. Oh well I guess I just got scammed!!! This has been going on for 8 yrs and no one has made a profit yet.

    • Jerry says:

      Dinar investing is a long time scam. It is a non-convertible currency that no US bank will exchange.

      The dinar thieves have been lying about revaluation since at least 2006. Currency revaluations happen all the time and never produce a profit. If a new dinar is worth 1000x the old dinar, you would have to trade 1000 old dinar to get 1 new dinar. Zero profit.

      Below are three links from independent and unbiased sources; Utah Securities Division, NASDAQ, Better Business Bureau. All info is still 100% accurate.

      Since you already bought dinar, here is the info on where to file a formal complaint.

      SEC Complaint Center, 100 F Street NE, Washington, D.C. 20549-0213

  2. C says:

    where can I find a list of iraqi dinar scam sites?
    or a list of reliable sites to go through?
    I don’t want to go through e-bay- looking at a larger purchase- also the iraqi dinars with sadam are now worthless, new dinars have been released by the new gov’t

  3. carolinablueee says:

    How to stop my dad from buying into the Iraqi Dinar scam?
    My dad has been convinced (from web research probably written by the scammers themselves) that the Iraqi Dinar will make us rich (if it doesn’t put us into debt). I have pulled numerous sites to help discourage him from buying into this and he literally laughs at it all. He has completely shut out his common knowledge and is going to loose a lot of money. Can anyone help me to discourage him from making this awful mistake? Thanks!

    • Jerry says:

      Have you dad read the following three links. All are from independent unbiased sources; Utah Securities Division, NASDAQ, Better Business Bureau. All information is still valid.

      There are three typical sales pitches for dinar. All are lies.

      1) Revaluation of a currency does not produce wealth. If a new dinar is worth 1000x, then it takes 1000 old dinar to get 1 new dinar. Zero profit.

      2) Claims that the Kuwaiti dinar soared after the first Gulf War. This lie can be easily verified by researching the long term history of KWD.

      3) The latest lie is that Iraq joining the World Trade Organization somehow makes a difference. It changes nothing.

      If your dad reads these points and the three links and still wants to buy dinar, then he is simply too stupid to help. Hope it doesn’t turn out like that.

      If you know his source for dinar, you can try filing a formal complaint with the Securities and Exchange Commission and your state’s securities regulator.

      SEC Complaint Center, 100 F Street NE, Washington, D.C. 20549-0213

  4. Sandy k says:

    Is investing in the Dinar a scam or a real investment?
    Im interested in buying some Dinar, especially before November elections. Is it a bad deal or what?

  5. Anthony Sterrett says:

    Is the Iraq Currency Dinar Revaluation a Scam?
    Hello Everyone. I just recently bought some Iraq Currency the dinar back in April. It was suppose to re-value to a much higher rate with weeks but it has not done so yet. I am afraid I am have bought into a scam. Oh well I guess I just got scammed!!! This has been going on for 8 yrs and no one has made a profit yet.

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