Iraqi Dinar Investment: Smart Move or Scam?

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(ALBERTVILLE, Ala.) – The claims are pretty amazing. Invest in Iraq’s currency – called the dinar – and you could become fabulously wealthy.

How, you’ll ask, is this possible? Supporters of dinar investment argue the currency will one day rise sharply in value against the U.S. dollar. They refer to this change as a “revaluation” or “RV” and some argue it could happen at any moment.

Tennessee Valley residents, along with many more across the country, are buying in. So, is it a smart move? Or a scam? WHNT News 19 is taking action to find out.

Tim Jones, an Albertville resident with a house full of kids, is among those who own Iraqi dinar. Jones tells WHNT News 19 he was thinking of his children when he paid out 1,000 U.S. dollars to get 750,000 Iraqi dinar.

“I was like, ‘Oh my goodness! Look at all this!,’” Jones said, describing the feeling he got holding the crisp new bills.

Jones bought his dinar years ago, expecting a “revaluation” to happen. It still hasn’t, making him question whether he, along with friends and fellow church members, made the wrong choice.

Our investigation started online – where there are countless websites, blogs and forums devoted to Iraqi dinar. Many feature talk of an “imminent revaluation” and furious debate on when and where it will happen.

The founder of Iraqidinarchat.net agreed to talk with us on the phone – only using his first name – Mark. Mark said he invested in Iraqi dinar 10 years ago and believes his gamble will pay off, although perhaps not in a “windfall” as some suggest.

He said he created his website as an “informational hub” for investors and told WHNT News 19, “Most all of the content on the website comes from Arabic websites that are translated.”

Along with news headlines, Mark posts updates from the “Gurus.” “Gurus” are popular dinar promoters who encourage investors with claims of inside knowledge about Iraq or the looming revaluation.

Mark tells WHNT News 19 some of the claims are “absolutely outlandish.” “I’m quite surprised that some of them haven’t been sued,” he said.

In fact, false claims about the dinar or its potential to rise in value have prompted several states – including Utah and Washington - to issue warnings about the currency.

In a 2011 alert, Utah’s Department of Commerce warned:

“This scam comes in three parts: the hyped returns that play on an investorʹs greed, the deceptive practices of Iraqi Dinar dealers, and the fundamental misunderstanding of international finance.”

“Websites selling dinars also exaggerate or misrepresent history as proof that such profits are possible, but history teaches a vastly different lesson.”

The Alabama Securities Commission has also been tracking increased interest in dinar investment and in response to WHNT News 19′s investigation, is issuing a statewide “investor alert.” You can click here to read an advance copy of that full alert. Here’s an excerpt regarding the dinar:

“The Iraqi dinar “investment opportunity” is a scam that has existed for more than a decade and has regained some of its former popularity. As with many foreign exchange currency trading frauds, the dinar investment opportunity is often pitched as a “can’t miss” method by which the interested investor can profit from a severely undervalued Iraqi currency that is “certain” to appreciate in value in just a short time.”

“Fraudsters engaging in the dinar scam promise that extravagant profits can be realized if the investor buys the dinar at today’s values, typically 1,000 or more dinars to one U.S. dollar. The investor then exchanges the dinars for dollars at a later date, once the dinar exchange rate has improved.”

State regulators aren’t the only ones who warn against buying dinar for profit. The Better Business Bureau just listed Iraqi dinar investment as one of its “Top 10 Scams of 2013″ and notes scammers may use “real current events and news stories to make pitches more appealing.”

“The marketers of this plan are doing a great job,” North Alabama BBB President Michele Mason explained, “They’re putting so much out there that you’re gonna find that that may overwhelm the negative that you may really need to see.”

Another major red flag? Iraqi dinar generally cannot be bought or sold at U.S. banks so investors just like Tim Jones, often get it through private dealers, which can charge a 20 percent markup or more.

According to Alabama Securities Commission Director Joseph Borg, dinar dealers are often not properly registered to sell money as an investment and even if they are, it’s against the law to make any guarantees about an investment’s future performance.

“So right now,” Borg explained, “Those who are selling dinars as an investment vehicle are probably doing so illegally.”

That brings us back to Tim Jones, who bought in hoping dinar would be a blessing and after hearing the expert warnings WHNT News 19 found against dinar investment, doesn’t have much hope.

“We should’ve never invested,” Jones said.

If you’ve purchased dinars and feel you were sold false promises about their future potential, the Alabama Securities Commission wants to hear from you. Click here to read the full “investor alert” then call 1-800-222-1253.

UPDATED: WHNT News 19 continued our investigation into dinar with a special report that aired Friday, May 9th 2014. We put claims used to promote Iraqi dinar as a good investment to the test. Are the claims legit? Or are investors being misled? Click here to watch and read for yourself!

 

177 comments

    • G

      YES, can we get a website where we can buy Iraqi Dinar? I have heard of this investment but I cannot find a local bank that will sell me the Dinar. I will await your newscast and I am sure you will have several websites on there were we can buy Dinar. Thanks

      • Jimmy

        Banks have stopped selling IQD ,about 2.5 years ago, last bank to sell dinars was 5th 3rd banks in Florida, we all just have to pray, the dinars we hold will be worth something after the upcoming elections in Iraq

      • John Richardson

        I agree. Sterling Currency Group will only rip you off by 28% of your ‘investment’ (buy $860 worth of banknotes for $1,050 and sell them back for $820). Others rip you off for up to 40%. “Bargain” :-D

      • jsan

        sterling group has lots of lawsuits stuff going on now for shady deceptive practices. should be able to find via google. i wouldnt deal with them! OR ANY OTHER DEALER AT THIS POINT!

    • Richard Incrocci

      Theresa
      No one got screwed on this in any way shape or form. What this news station is NOT reporting is that this currency has a buy back guarantee. Meaning, if you decide you no longer want the IQD, dealers will buy it back from you, even if you didn’t buy it from them.
      Google the history of the value of the IQD as well as the Kuwait Dinar (KWD) value change as well. Also, if you look at the timeline of the KWD changing value, you will find that President Clinton balanced the budget. How? The US had KWD and I am pretty sure the US also holds IQD as well. Furthermore, Congress gets a (quarterly) SIGR report. So, if it’s proof you want – look no further than PG 94 of the April 2012 (quarterly) SIGR report to Congress (they get one every quarter)…
      Pleaqse remember, just because a news station ‘reports’ something, it does not mean they have investigated it in its entirety. Lastly, since the IQD is a legit currency that is in use, and it has a buy back guarantee, and the NYSE does not, how can the currency be a scam?!
      Richard

      • John Richardson

        And most of those “guarantees” consist of nothing more than “Your submission of this form does not obligate xxx to purchase your currency notes from you” small-print disclaimers combined with rip-off buy/sell spreads of up to 30%. Search the web and you’ll see many “reputable” dealers do everything they can to weasel out of buy-back requests with fake “requirements” – the exact opposite of what they would be doing if it genuinely were going to shoot up in value…

        And anyone pumping the KWD “RV” is a bald-faced liar:-

        http://upload.wikimedia.org/wikipedia/commons/2/2d/KWD_against_USD.PNG

        http://www.baghdadinvest.com/the-truth-about-the-kuwait-dinar-revaluation-rv/

        The Kuwaiti Dinar didn’t change in value 5% through Clinton’s whole term in office or 10% over the past 25 years.

        See what I mean people? It’s lie after lie after lie from these guru’s who all dress up their sales pitch as “helping you understand the ‘real’ truth”

  • Brian S.

    It is a scam Do not invest in that currency. The locals were selling that currency to us as souvenirs during my four deployments to Iraq. It is worthless other than a novelty regardless of the denomination. I bought a handful of notes with a face value over 10K for 5 bucks and sent them to relatives. You would be better off investing in ocean front property in Arizona.

    • Richard Incrocci

      Brian
      What this news station is NOT reporting is that this currency has a buy back guarantee. Meaning, if you decide you no longer want the IQD, dealers will buy it back from you, even if you didn’t buy it from them.
      Google the history of the value of the IQD as well as the Kuwait Dinar (KWD) value change as well. Also, if you look at the timeline of the KWD changing value, you will find that President Clinton balanced the budget. How? The US had KWD and I am pretty sure the US also holds IQD as well. Furthermore, Congress gets a (quarterly) SIGR report. So, if it’s proof you want – look no further than PG 94 of the April 2012 (quarterly) SIGR report to Congress (they get one every quarter)…
      Please remember, just because a news station ‘reports’ something, it does not mean they have investigated it in its entirety. Lastly, since the IQD is a legit currency that is in use, and it has a buy back guarantee, and the NYSE doesn’t even offer that, how can the currency be a scam?!
      Richard

      • jsan

        Richard, you are so busy being a good sheeple over at dinar updates that you are seriously in another world. yes they MAY buy it back for a fraction of what you paid for it. so lets see, dealers make a HUGE profit on your purchse then your sell back THEN they sell again to another fool. so the only people making money here are dealers NO ONE ELSE. thats a scam! you also follow every word of that moron BGG and his sidekicks poopy and millionpumper. i suggest you look at BGG’s shady past. he has operated a couple of shady business venturs where folks were obviously less that pleased with his honesty. he also, in 2010 and 11 called the RV with 100% certainly on MANY occasions. although he may not be now. the only reason he isn’t doing that blatant garbage now is because he doesnt want to be locked up like a few others were and will be soon enough. poopy is the typicsal religious kook who knows nothing about econmics and cant even spell. he sure looks smart! he has been pumping his bull for years too with the dong and dinar. whats going to be funny is to see what the liars exit strategy is going to be once this finally hits the fan. their will not be an rv and you will not be rich. get smart!

      • Marcus Curtis

        The U.S. does not hold the IQD! How do i know this? because of the B.H. indictment. It says that the U.S. does not have trillions of IQD for investment reasons. Guess what, they got a conviction for fraud based on this staement. The federal indictment says numerous things. for example executive order 13303 does not protect the dinar investor. Read the governments indictment against the B.H. group. You will see examples of all the lies that continue to this day to circulate. Here is a link. downkoad and get informed

        http://www.realscam.com/attachments/f12/1576d1348185792-bayshore-capital-investments-bh-group-bhgroup_indictment.pdf

  • baghdadinvest

    Kudos to WHNT for taking action to report their side of the story as has happened over the years from the various news organizations.

    The Iraqi dinar as a currency is not a scam. The currency is of value and is used daily by millions in Iraq. The scam is within the pitch: Buy this, pay 20% more than it’s worth and you will make 100,000% any day soon, though that any day soon has now turned into years for many.

    Great idea but in essence the idea is flawed once researched thoroughly.

    A revaluation of just $0.01 – yes 1 cent!! Would be enough to bankrupt Iraq.

    Best of luck guys, I know you are desperate for a conclusion but keep your wits about you in future.

    • Gilhou from Quebec Canada

      Could you explain why is value was over 3.00$us during 20 years before the invasion of IRAK(see it on wikipedia), and now IRAK is ritcher than before, It will return at least at this value more than 3.00$

      • baghdadinvest

        Of course Gilhou, that is a fair question which deserves a fair answer.

        The difference between then and now is the sheer number of dinars that are in circulation today. That is singular 1 digit dinars.

        When it was at $3 there were around 20 billion singular dinars in circulation.

        Now there 82 trillion singular dinars in circulation.

        To help you understand where the value is and why the value is correct you must do a little maths.

        20 billion dinar x 3.22 = 64 billion USD
        82 trillion dinar x 0.00086 = 71 billion USD

        The current dinar rate is worth today more than it was.

        The reason everyone runs off on a tangent is because they see 000 at the end of it and see the old rate but the bit missing in understanding is the difference between then and now is the sheer number of dinars out there.

        It is so simple once you get it and it goes click in your brain, you will see ahh!! now I know why and how this scam was able to perpetuate.

      • John Richardson

        “Could you explain why is value was over 3.00$us during 20 years before the invasion of IRAK”

        Same reason gold was $25/oz decades ago, but is now over $1,300/oz. It’s called “Inflation”. When Iraq’s money supply was around 25bn Dinar, it’s value was nearer $3 (just like Kuwait’s 30bn Kuwaiti Dinar gives them a high value today).

        Since then Iraq have printed a mind-blowing 87,000bn Dinar – that’s 3,500x more money, and the Dinar fell in value by 3,500x from 1:3 to 1164:1.

        What a “coincidence”…

      • GT5Junkie

        I honestly can’t figure out why people like Gilhou here can’t comprehend the most basic principle in economics: the more there is of something, the less it’s worth. It’s why diamonds are worth more than coal. It’s why gold is worth more than lead. It’s why Mickey Mantles are worth more than Wade Boggs rookies. We see it every day in all our lives yet they can’t apply this simple rule to currencies?

        Hell, I even see dinaridgits understand it in relationship to currencies, acknowledging that the US printing 60 billion a month is bad for the dollar, but they think Iraq printing a trillion a month isn’t?

    • Bella Batalli

      exacltly there is no scam in buying dinar its a currency exchange same way you would buy euros. the “scam” element comes in with people being promised 1000% and more returns in the near future. anyone who got into this thinking it was a sure thing is a fool and got suckered. most of us bought in spending what we can afford to but probably expect to lose and knowing it was a longshot and speculative

    • Jeff S

      baghdadinvest. Wow $.01would bankrupt Iraq. I know it wouldn’t. They are the richest country on the planet in not only oil but gold as well. Know one truly knows the wealth of this nation. In a research that was performed by an independent firm overseen by the IMF they said at this point they are worth 15 trillion just in oil and gas. That is not counting the gold, water, natural gas and agriculture.

      Another point that hasn’t been made is Iraq is not in control of they’re currency. Our Sec. of Treasure Jack Lew is, according to Executive order 13303 section 4 and 5 which Iraq agreed to. There is so much to this that one simple news investigation will not do it justice. It is not a scam and it will return to its former rate. But this is not just about Iraq but a much more gigantic picture. We are talking about a complete Global Reset of all Currencies and they only have one shot at doing it. That is why it is taking so long. You have not done your research well enough sir

      • Son-of Liberty

        “They are the richest country on the planet in not only oil but gold as well. Know one truly knows the wealth of this nation.”

        You didn’t just seriously make these two comments babk-to-back did you?? Smh

        Obviously you just admitted you don’t really know how wealthy or better yet UNWEALTHY Iraq is you moron!! You are either brain washed by the so-called gurus or a dumbass guru!!

      • Son-of Liberty

        Please provide verifiable links to your regurgitated pathetic guru spew and please no dinar blog sites. They must be official like IMF report of $15 trillion and the 13303 sections 4&5 that state what you lied because the official 13303 does not say that idiot!

      • John Richardson

        “Wow $.01would bankrupt Iraq. I know it wouldn’t. They are the richest country on the planet in not only oil but gold as well.”

        HAHAHA! You are utterly deluded to the core. Iraq sell $95-105bn of oil each year (worth just $100bn avg) and have just $1.5bn gold bullion. Their whole annual economy is barely the size of Portugal or Algeria, and their the value of oil reserves will be spread over the next 100 years or so.

        Iraq even has a budget deficit because the oil revenue doesn’t even pay for their increased govt spending, let alone have $300,000bn lying around for some delusional “RV” that doesn’t even exist.

        Read it and weep:-

        “The Iraqi parliament still has not been able to approve the draft general budget for 2014, prompting Prime Minister Nouri al-Maliki to warn of the possibility of a major financial crisis and a disruption of state institutions.”

        http://www.al-monitor.com/pulse/originals/2014/02/iraq-budget-problems-oil-dependence-erbil-baghdad.html

      • baghdadinvest

        Of course I can answer this for you.

        Now 1 IQD is wroth less than 1/10 of a penny, so if it were to be raised to 1 cent it would be about a 12x change, or 1,200%. But Iraq’s money supply of around 85T and their reserves of about $85B USD limit the value they can offer to about 1/10 of a cent (i.e. 0.001 instead of the current 0.00086), so about a 15% rise. An RV greater than about 15% is simply not possible.

        15% increase ties in line with every other revaluation in history………. never has there been a revaluation over 50%……. perhaps you will not see that and chose to be blinded by $$$ signs…….your loss.

      • jsan

        you must be one of those NESARA kooks.their is and wont be any GCR, and no one will be overnight gaziliionaires with iraqs currency and 13303 has NOTHING to do with you buying or owning dinar! that is a huge lie that the goo roos tell.

      • Marcus Curtis

        Executive order 13303 does not protect the dinar investor. (check the BH Indictment) The U.S. government got a conviction for fraud based on that statement! Order 13303 protects the DFI funds not he dinar.

        A $0.01 increase would be a revalue at around 1,000 percent. By raising the value that much you also increase the purchasing power of 85 trillion dinar! Economics 101= this has the same effect as adding currency to the money supply. That much of an increase with that much currency will bring hyper-inflation.

        The only way for Iraq to raise the value of it’s currency is to drastically reduce the amount of dinar in circulation. That will increase it’s value. The only way to do that is through a redenomination.

        Sounds to me like your the one who needs to do a little more research. There is no GCR event that is magically going to make everyone rich overnight. This is yet another lie that is there to make the dinar pipe dream seem more real!

      • jsan

        yeah, well it may be a currency of a country BUT everything about that currency is a scam. so dont give us its the currency of a country BS like that idiot BGG. thats his way of saying hes not a pumper which he and poopy and millioday are for sure. they get all this money from click ads and are heavily supported by a dinar dealer just like a few other sites.

    • JoAnn

      LOL you really must begin to focus your sights on growing your business Baghdad Invest. I see you clearly troll the internet both creating and looking for opportunities to bash investors, yet you’re a complete oxymoron. Please, take a minute to explain to me why in the world you would create a business about investing in a country who’s currency you maintain will never have value beyond 7/10ths of a penny? Without a currency of value, there will be no investment opportunity in Iraq, right? Or perhaps you should explain to these good people that if they believe what you say, that the IQD is a scam then you’re a scam artist as well because if Iraqs currency remains artifically low (due to UN Chapter 7 sanctions, which were lifted in 2013) and even though they’re the richest nation in the world when it comes to assets (so of course it’s reasonable to conclude that their currency will be restored to at least it’s previous value against the dollar at some point in the future), but hey you are so smart, got your finger on the pulse Iraq, and you’re apparently so well connected that you can help facilitate investment opportunities in Iraq, but you don’t believe their currency will have value. That sir makes you either a hypocrite or a complete fraud. It’s time to pick a side and stop stalking those of us who have done our research and knew ahead of time it’d be a long term investment opportunity and not a get rich over night scheme. The last thing anyone needs is some self proclaimed, rightous “savior” to spew his view of the truth in such a vile manner as you. I’ve read your twitter and FB responses to people and you’re beyond unprofessional. You’re definitely not someone with whom any educated business man/woman would work. My guess is you’re a little basement troll with nothing better to do than sit in front of your computer and stir the rumors.

  • John

    It’s a well known scam. Iraq have 87.7 TRILLION Dinar in circulation and only $80 BILLION of reserves to support its value. That’s the real reason it takes 1166 Dinar to buy $1 in the first place! Some people are buying it because it has all those zeros after it thinking it’s ‘undervalued’. It isn’t – it’s just plain ordinary inflated no different to neighboring Iran or Lebanon. The dinar fell in value in the 1990′s due to 315% inflation rates that lasted almost a decade.

    All these absurd “The Dinar deserves to be $3 because that’s what it used to be” rates the scammers keep pushing only applied to Iraq 30 years ago back when they had a money supply of 25bn Dinar or so – now they’ve got a money supply of 87,700bn Dinar. Of course the currency is going to be valued 3,000x lower if you print 3,000x more of it. LOL.

    The same people who fall for this scam are the ones buying up 1 trillion Zimbabwe Dollar notes for $1 thinking they’ll turn a $1 coin into $1,000,000,000,000. Or those buying 1 million Vietnamese Dong for $50 ignoring the fact its 20000:1 exchange rate is precisely because Vietnam has overprinted its currency to the tune of several *quadrillion* units.

    All they’re “investing” in is someone else’s hyper-inflation. LOL.

    • REM

      You’re comparing these currencies apparently relative to USD. What about its value in context to the trillions of debt we will never be able to pay down.

      • Marcus Curtis

        Iraq requires a reserve to give the currency value. 2 percent of Iraq’s reserve is gold. The other 98 percent of Iraq’s reserve is the U.S. dollar. That means that Iraq’s value comes from the dollar! If the dollar tanks and goes under the dinar will go under too because they are connected.

        Iraq’s M2 money supply is a little over 85 trillion. America’s money Supply is a little over 11 trillion. There is not enough U.S. dollars in circulation to support a substantial revalue of any kind beyond 15 percent.

        For Iraq to go to a penny would be a 1,000 percent revalue given today’s value. currencies don’t do that. Even if the dinar did this it would bring hyper-inflation

      • baghdadinvest

        Hi Marcus, hope your well.

        Just to expand on that point if I may. Much research has been done to discuss what and how will the currency of Iraq be backed. 2% is Gold as has already been said.

        We all agree Iraq cannot back its currency with Oil because Oil is a finite commodity which is constantly on the decline.

        Once Iraq burns a barrel of Oil or sells a barrel to the west, the value of the dinar just got weaker due to there now being less oil to back it.

      • John Richardson

        “You’re comparing these currencies apparently relative to USD.”

        That’s because the Dinar is PEGGED to the USD. Duh!

      • Marcus Curtis

        Hi B.I.

        good to read your comments and see you here as well. I am looking forward to seeing WHNT 19′s report. Special thanks to them for taking on this issue! To many people have been hurt by all the lies in this so-called investment.

  • Katie

    This report will be just like all the others. The currency is not a scam, but those who perpetuate the overnight high returns will be called out. Nobody will know for sure until Iraq decides.

  • Layer

    No one knows you can’t call Iraq and ask them they could never tell you if they were planning a rv changing the value if their payment system would not bankrupt anyone but telling everyone then selling all their currency would not be a good idea

  • SkipJack

    @John you make a valid point, but once Iraq begins to produce oil in a substantial way, don’t you think reserves are going to sky-rocket? On another note…maybe you should explain that simple economics principle to the US admin…they apparently do not understand your valid point!! Just sayin’….

    • John Richardson

      “John you make a valid point, but once Iraq begins to produce oil in a substantial way, don’t you think reserves are going to sky-rocket?”

      No because Iraq doesn’t sell oil in Dinar, and most oil revenue that Iraq gets it spends on reconstruction and not currency reserves…

      The 2013 report jointly produced by Iraq & the IMF last year revealed a prediction of 5m barrels of oil by 2018 9up from 3m in 2013). That works out to just an extra $73bn per year – how is that going to “back” turning a $74bn currency into a stupid $87,000bn RV? It would take Iraq 1,193 years to save up enough money for that – that’s how whacked-out stupid the “RV” scam is…

  • jsan

    i wonder why the U.S. government hasn’t stepped in yet along with the FBI to start arresting people for their parts in fooling people that they will become overnight gazillionaires! this will be a much bigger scam than bernie madoff, thats for sure. everyone needs to start filing complaints! most of these guys that are part of the scam, have criminal backgrounds already!

    • chris cox

      You throw around the scam word as if you have a clue. And frankly most of so called people involved in the sale of Iraqi Dinar are not scam artists. But the pundits and uninformed media types delight in throwing around the tiresome pejorative. Sure there’s con-sters and fraudsters in many of life’s endeavors and the Dinar community probably has its share of dubious folks. But I can tell that most are honorable and simply selling a commodity, that will I believe have a historic rise. but folks like you, soooooooo convinced it will not, relish in delight in putting-down something of which you apparently have little or know real-world deep seated knowledge of. So continue your silly cynicism and then when this revalues and you realize – far too late – that you could have participated in what surely will be hailed tas the opportunity of a lifetime, you and others of similar persuasions will be lamenting on the sidelines, mumbling: “shoulda / woulda / coulda. “

      • Marcus Curtis

        “Sure there’s con-sters and fraudsters in many of life’s endeavors and the Dinar community probably has its share of dubious folks.”

        The problem is the con-sters are the rule not the exception. Name one honest dinar guru. Honesty involving this currency is very rare. Why is that? How many times have we seen people given dates when this is suppose to be done? How many times has this fictional Revalue been tied to news events as if to give it legitimacy? How many times has it been tied to events like Iraq being removed from chapter 7?

        The truth is the rumor mill is still spinning and it is high time the truth comes into view. Now the latest line is that there is going to be a Global Currency Reset and all currencies are going to reset and revalue.

        This comes because the dinar gurus can’t explain the massive amounts of currency in circulation. So they cling to another fictional conspiracy theory to continue to promote a revalue that is not going to happen!

        By the CBI’s own records 34 trillion dinar is outside of banks. I got documentation that says that at least 25 trillion of that is outside of Iraq’s borders purchased by people wanting to become rich from a fictional event powered by multiple conspiracy theories and hypothesis.

        So think about this. If the average investor has 1 million dinar and there is 20 trillion outside of the border of Iraq then that means about 20 million people are invested. I think the numbers are much higher then that.

        When Iraq redenominates it will not honor the currency outside of it’s border which means they get to keep all the cash that was generated by the export of their currency for their reserves.

      • baghdadinvest

        There is no smoke without fire…….as they say.

        It has been proven time and time again that Iraq simply cannot afford to complete a revaluation………. even above 15% would destroy the economy of Iraq.

        Heck if it was so simple, every government on earth would print trillions of their currency and then revalue.

        Why is it that no country on earth has ever completed a revaluation above 50%? Yet Iraq is poised for 100,000 or more percentage increases?

      • Son-of Liberty

        Hey can you answer one simple question. Why do the dinar dealers continue to lower the buy back rate of the dinar when the official rate of the CBI or Iraqi street rate gas not changed? Shouldn’t they be paying you more if the rate is to change ” SOON” as your favorite guru would have you believe? Think about it. Who would sell it back for less than they purchased it? Are they sending you signals of sell it back and try to re-coupe some of your loses before it’s too late and you lose out completely? Logic, man, logic!! SMH…..

    • Gilhou from Quebec Canada

      A simple reason for that, it’s not a scam, but they want that the nutty belive it is a scam and they succeed as I can see

      • John Richardson

        The only “nuts” are those who think you can make a 100,000% profit buying other people’s hyper-inflated currency…

        “Buy $10 worth of Zimbabwe Dollars today – it’s going to make you a billionaire – but it’s all a BIG SECRET. THE POWERS THAT BE! SMOKE AND MIRRORS BABY!” :-D

        Some people are just born to get screwed over by this stuff.

      • Gilhou from Quebec Canada

        Christine Lagarde from IMF told that the Irak gone a have the stongest currency in the middle east if it’s not in the world, and Shabibi said they can easily support their currency till 14.00$, so don’t be stupid.

      • Marcus Curtis

        Christine Lagarde from IMF is the center for the GCR conspiracy which is complete fiction. Just another example of how gurus use conspiracies like GCR, NESARA, and CMKX to pump this worthless paper.

        I agree that Iraq will have a strong currency. But they are going to do it through a redenonomination not a revalue! Unless you can get to Iraq with your dinar and you can get through customs then you are not going to be able to trade in. Check out their currency laws. look at section 32.

        The dinar is only meant for circulation within Iraq. It is not suppose to be used outside of the country. Iraq’s foreign investment laws do not protect the dinar or the banking sectors. So the dinar holder has no recourse.

        Anyone caught holding currency when this thing finally goes down will lose everything they have!

      • John Richardson

        “Christine Lagarde from IMF told that the Irak gone a have the stongest currency in the middle east if it’s not in the world,”

        No she didn’t. Conspiracy nutjobs like yourself have long been twisting her words around to mean something they aren’t and making “she said…” false claims.

        Show me one original sourced video where she supposedly specifically said “Iraq will have the strongest currency in the world”. Usually it boils down to one video containing some vague mumblings about “resetting the economy” about a different subject (unemployment & growth) and didn’t even mention Iraq, the Dinar or currency even once…

    • Bella Batalli

      first off its hard to feel sorry for idiots who listen to tnt tony for month after month after month with him literally saying on a daily basis tomorrow ist he day. after 10 times being wrong you keep listing to him you deserve to lose your money.

      also in the few instances there have been crimes like the bh group they have stepped in but its not a crime to sell dinar its a currency exchange and its not a crime for tnt tony to give his opinion as foolish as it may be. if people listen to him thats there fault.

      the crime would be if a dealer was promising returns or if a guru was selling dinar. some people made a big deal recently when tnt tony seemed to say on his show he worked for sterling currency group, if that was true that could potentially be a crime but no crimes are being committed

  • jsan

    AND some of those fraudsters operate out of Tennessee near Nashville. it would be great if the new channel went to their houses! these liars are making a fortune off click ads on top of whatever scam they are pulling. the site located in Tennessee is http://www.dinarupdates.com

  • Steve S.

    Be aware everyone, it might REDENOMINATE like many other currencies with multiple zeros. The new currency comes out that is more realistic, and a 25,000 dinar note will have the same SPENDING POWER as a new 25 dinar note, which will have an exchange rate expected in the $3 ranger PER DINAR. That’s the worst that could happen. Hope for the best, prepare for the worst!

  • Slingshot_Fuel

    It truly blows my (—-) mind to read the above comments posted by so many imbeciles and pathetic sheep. I have been closely following and educating myself respecting this scam since approximately 1.5 years, and feel genuinely flabbergasted to realize just how many people exist on this Earth with such extremely low IQ’s and lacking any and all ability to think independently and logically.

    You are wasting your hard-earned money! The promise of unreasonably high returns is utterly and categorically impossible!

    To highlight the sheer absurdity of this scam, please see the following illustrative example (Keep in mind that this is ACTUALLY what these so-called Dinar investors believe! … Seriously… No joke!): Purchase 1 million Iraqi Dinars for roughly US$900. Once the RV occurs, these 1 million Dinars will be worth no less than US$3 million! Hence, Dinar investors sincerely believe that they will generate investment profits of at least US$2,999,100 (this is equivalent to an ROI of roughly 333,233%!) on their initial investment of US$900.

    These idiots learn of the above “investment opportunity” from friends and/or scam websites and become apologists and charlatans after their purchasing the Iraqi currency. They are so absurdly convinced of their being future millionaires that nothing, not even objective factual information disproving every single aspect and assumptions of this “investment” will alter their mindset. If each of these Dinarians and Gurus could be given an enema right before death, he/she could be buried in a matchbox! …

    • chris cox

      Ok “slingshot” let me be brief and to the point so you and all other like minded cynics suffering attention deficit syndrome will comprehend. I have Dinar. You do not. I am in the game. You are not. And regardless of how little or large my return is or is not, I remain a hopeful optimist. You do not.
      I have a dream. You do not. You have zero chance of participating in what could be the windfall of a lifetime. And I do not. My chances are a zillion percent better because I participate. And you do not.Therin lies the essence of those willing to take a small, calculated risk and those who risk nothing. Stay tuned “slingshot”. I know I will. From my, as one of your fellow cynics above put it, from my Belizian retreat smoking a Cohiba.

  • Joe

    I own some dinar and I’m not sure what will happen. I’ve done a ton of research and there’s 2 things that I can’t get out of my head: 1) do the research and you will find that because of Iraq’s resources, their currency fluctuated between $2 and $3.50 compared to the USD. Because of dumb Saddam, their production of resources dwindled because of sanctions put on Iraq, many countries stopped all trade with Iraq. Their currency started to go down the whole because there was no economic growth, but do you think Saddam would let that happen? No, instead their currency stayed at about $3 because of no other reason except for the fact that Saddam said it was worth $3. That’s nice, the only proof supporting that you have one of the strongest currencies is that your dictator says so. You can see how that would mess everything up.

    2) what about the fact that every currency fluctuates on a daily basis? Even if by the smallest percentage, but still they all fluctuate….except for the dinar it’s at 1166 dinars = $1 for the past 10 years. This is because the UN put sanctions on the currency until Iraq hits certain milestones or basically doing what they can to undo all the terrible things that Saddam did to the people of Iraq and surrounding countries.

    When you look at all the other countries producing as much oil as Iraq, all of their currencies are worth more than the USD. Ask yourself why then is Iraq producing just as much oil yet their currency is worth 1,000 times less than the USD? All I ask is before people laugh and say this is a scam, do some research and you will find some things that will boggle your mind. Maybe it will happen tomorrow maybe it won’t happen for 20 years, I have no clue, but I do believe it will happen at some point. Iraq was a wealthier nation than the USA until Saddam messed it all up. That’s a fact. I do believe once the rebuilding is finished, their currency will go back to its true value.

    • baghdadinvest

      Hi Joe,

      Valid questions though way off.

      1. “because of Iraq’s resources, their currency fluctuated between $2 and $3.50″

      No, Iraq fluctuated between $2 and $3.50 because back then there were only 20 billion singular dinars meaning the value in USD terms came in at 64 Billion USD.

      Today there are around 82 trillion dinar which in USD terms come in at 71 billion USD

      A little more than what it was then……… really simple arithmetic for you to comprehend. The difference between then and now is INFLATION.

      2. “every currency fluctuates on a daily basis? Even if by the smallest percentage, but still they all fluctuate”

      Currency fluctuations are a natural outcome of the floating exchange rate system that is the norm for most major economies. The exchange rate of one currency versus the other is influenced by numerous fundamental and technical factors. These include relative supply and demand of the two currencies, economic performance, outlook for inflation, interest rate differentials, capital flows, technical support and resistance levels, and so on.

      Right now, Iraq is NOT in a free float scenario due to the insane levels of inflation among other factors. Plus the nature of the market would mess things up economically all the while there is fire raging on the streets of Baghdad. Every time a major attack were to happen the currency market would be spooked.

      Once a redenomination has taken place and they have eliminated a substantial number of dinars from circulation AND the situation in Iraq is as normal as everywhere else, perhaps they will then consider a float…… but that has to be years away from now, in my opinion.

      3. “Iraq producing just as much oil yet their currency is worth 1,000 times less than the USD?”

      I am sad to say that the currency of a sovereign nation is NEVER backed by it’s finite reserves. 2% of Iraq’s reserve is Gold and the other 98% is USD. If they were to back it with the barrels of oil / oil reserves they would do one thing and one thing only…. guarantee the market that the currency of Iraq will get weaker day by day…… Why? Because once a barrel of Oil is sold or burnt = less oil to back the currency which means every year the currency is weaker. This is why NO country in the world backs it’s currency with its finite resources.

      I wish you well on your quest for riches. Unfortunately the currency of Iraq is not the one. Visit our site if you want to find out more about what we have/are researching: http://www.baghdadinvest.com

      • Cornelius

        How is it a scam when you can get your money back at any time?

        Sell it to a dealer or on ebay etc…

        It sounds like a lottery ticket that never expires and you can get your money back once/if you tire of the investment.

        With that logic, the dollar would be the biggest scam in the world because we are printing 65 billion of them per month. The dollar loses value every day due to inflation. gas was a dollar a gallon less than 15 years ago!

        I do not know what your definition of scam is… But when I can get my money back whenever I want because it is a countries actual currency AND have a slight chance of making a pretty buck…that is not a scam.

      • John Richardson

        “How is it a scam when you can get your money back at any time?”

        You won’t GET 100% of your money back at any time. The scam is precisely in selling $860 of banknotes for $1,050 (an instant 20% loss) plus another 10% loss on Ebay costs / “buy back”, which you are only buying on the false promise of stupid +1,000,000% rates of return, on the back of deliberate lies told about Iraq’s planned redenomination no different to Venezuela’s back in 2008…

        Here’s a better question : If the Dinar was going to shoot up 3,500x, why are the Dinar sellers selling them TO YOU for 20% profit instead of keeping them for +1,000,000% thselves which is “imminent”, “this week”, every week since 2003. LOL.

        Comparisons to lottery tickets are utterly deluded since with lotteries there’s an actual prize comprised of the value of lottery tickets, but when Iraq even redenominates and swaps 85tn Dinar @ 1166:1 for 85bn Dinar @ 1.166:1, you’re going to look very foolish indeed when you hand in your 25,000 Dinar note @ 1166:1 (worth $21.44) and are given a 25 Dinar note back @ 1.166:1 (worth same $21.44) and start screaming “WHERE’S MY MISSING MILLIONS!”. LOL.

    • John Richardson

      “When you look at all the other countries producing as much oil as Iraq, all of their currencies are worth more than the USD. Ask yourself why then is Iraq producing just as much oil yet their currency is worth 1,000 times less than the USD?”

      And the answer is remarkably simple:-

      Kuwait’s 1:$3.55 value comes from them having a tiny 32bn KWD money supply.

      Iraq’s 1170:$1 value comes from them inflating their currency from 20bn Dinar to 87,700bn Dinar.

      Oil is a straw-man used by those who don’t understand how currencies work, or that Iraqi, Kuwaiti, Saudi, etc, oil isn’t even sold in Dinar…

  • Santa

    In the past 200 years the Iraqi dinar was valued as one of the top currencies, Pre war the dinar was $3.44 to 1 usd, today it’s worth a 1/10 of a penny. War is and always has been about money…. Win, devalue the losers curency by Sanctions. Buy trillions of it like our goverment has done, pay for the war and more! Remember Clinton paid off the national debt???? Bush senior bought kawaiit dinar at 7 cents to 1 usd when it reinstated years later at 3.22 to 1 usd with no water or electricity Clinton was a hero! It’s a currency you can always sell it back minus 15% handeling fees. History is history…… Figure it out!

    • Son-of Liberty

      Please turn off your guru radio because you’re drowning in koolaid and seek immediate psychiatric help. What in the pitiful dinar mentality is that nonsense REALLY AND TRULY based on??

    • Son-of Liberty

      200 yrs?.. Come on Kris Kringle you can do better than that. Iraq was founded in 1919. OMG what a buffoon. I can see why your either lost or just a blatant liar. Hey wanna buy some more dinar? I know someone looking to dump theirs for ½ a million. It may be steep price now but the heck that will just be a drop in the bucket for you after Maliki is voted out next month right!!

  • Informed Investor

    I have invested in the Dinar and the Dong. I have lost more at the casino many times more than the amount I have invested in the currency. I bought the dinar expecting $.13 and a .05 return on the Dong. This will be a darn good invested at those numbers. Are all of you doubters from Alabama? Thank GOD I found I-20 East in the early sixties. lol
    Investor and proud.

  • DENNIS CAIN

    HI Everyone,
    For those of you that think the Iraq Dinar is a scam, you are so wrong. Iam a Cal. mortgage Banker for over 25 years and I HAVE DONE MY HOMEWORK AND RESEARCH. Before I invested. I have been Invested in this for over 3 years ,knowing when it Re-values that many of us will do very well. No one knows the rate or date it will Re-Value at,but its coming very soon. FACT-Iraq currency was over $3.00 to 1 US Dollar before they went to war FACT IRAQ is the fastest growing county in the world and is currently Pumping 3 million barrels of oil a day and growing.FACT- IRAQ has been voted to be release from BK, by the UN,USA,and IMF.ECT. ALL I CAN SAY IS THOSE OF YOU THAT ARE SO BLINDED BY NEG INFO. WILL REGRET THIS. DO YOUR HOMEWORK . THERE IS GOING TO BE A GLOBAL CURRENCY RESET GCR and IRAQ is just 1 of the currency’s being Revalued.

    Best Regards
    God Bless
    Dennis C

    • baghdadinvest

      Mortgage broker of 25 years and having done your research you will have come to realize that previously, Saddam Era there were: 20 billion dinar x 3.22 = 64 billion USD

      And today there is 82 trillion dinar x 0.00086 = 71 billion USD

      What is the difference? INFLATION!! Come on, your a Mortgage Broker of 25 years, you should have spotted that one.

      What homework did you do exactly?

      Iraq has prospects and a bright future, this we can all agree on.

      But what we should agree on is that Iraq is NOT undervalued and in fact valued correctly. Perhaps to the naked eye seeing all those zeroes at the end of that 25,000 bank note may get you excited. But once you come to realize that it will only get you around $21 worth of groceries in the local mall in Baghdad, not exactly anything to write home about.

      Iraq is growing, agreed. 8.6% annual GDP change in 2011, 8.4% in 2012, 10.2% in 2013 and an expected report of similar figures for the next five years.

      This is an economic outlook. NOT an indication of its currency being undervalued.

      I expected better Dennis. Mortgage Broker and all that, hope you are retired from the business because your numbers are………….. how can I put it…….. not up to scratch.

      • Danette J

        Aren’t you the group who acted in such a cruel manner recently, posing as an informed group in the know and trying to stir the pot of emotions in dinar groups? I believe you are, I recognize your name. Pathetic. Quit acting like you care about people, your purpose is not a true concern.

      • baghdadinvest

        Danatte, what we did was suck the “guru” in and have them back us up for us to then expose them for what they really are.

        Slightly different approach to expose them as the others who have been working diligently to expose them over the years.

        We may well be stirring the emotions of those in the dinar groups……. perhaps so…….. we are not here to sugar-coat your all in the dinar groups, that is what the gurus are for.
        We are here to speak the facts and put to bed the myth that the Iraqi dinar is the latest get-rich-quick opportunity.

        Try and attack the message in future as opposed to the messenger. Regards!

      • baghdadinvest

        Hi Danette,

        Attack the message not the person. This is an investment not a cult.

        This is a currency speculation……….!

      • Danette J

        Inidividuals make the decision to purchase IQD, if we want to sell it back in it’s tissue state, we can; a little loss and move on. It’s a currency. TNT is a joke, so are other gurus. Plenty of people don’t follow them, just news. To think there is definitely a possibility to see a revaluation and hope and wait, is not anyone else’s choice but the purchaser. KWT did reinstate where they were before frozen, but there were still people who got their hands on some during the freeze and they made money. Hillary Clinton and the US government pushed Iraq as “the” land for investment and possibility in the last several yrs., why not believe their currency will take a slow ride up? The CBI has stated in educating their own citizens, the old will run current with the new for up to 2 yrs., people will wait. Currency investing is one of the most risky and time extended choices, but if people have deemed it worth it, leave them alone. Over the last few yrs, the IQD has already had movement, the CBI has kept it stable and the inflation reports are not where you guys say. Yearly and quarterly reports still show it in manageable rates, Dr. Shabibi followed IMF and World Bank guidelines before being removed by the Prime Minister and replaced by a man of his choosing. The rate is artificial, they have to follow rules of showing a true rate, be a single currency country and de-dollarize before they are allowed to enter the WTO. There is so much value and opportunity pushing at their door, it is unbelievable. Executive Order 13303 and our Strategic Framework Agreement with them, included investment and trade. Is it worth a wait for me? Absolutely, yes.

        http://www.youtube.com/watch?v=kvKrqeOf9oc

      • Danette J

        I am just amazed at people who don’t believe in this, taking time to blow up a page about why they don’t believe in it. There are a lot of things I don’t believe in, I never ever venture onto pages or forums to post my views. Talk about needing a life; judge yourselves non-believers.

      • John Richardson

        Danette – “I am just amazed at people who don’t believe in this, taking time to blow up a page about why they don’t believe in it. “

        You must be new to the Internet then Danette, as people debunk scams all the time. Entire websites are devoted to it. What amazes me is that Dinar “investors” think they’re the only ones with free speech and demand everyone else justify why they post every time they post – the ultimate in intellectual snobbery…

        As for Baghdad Invest, what they did is show up the guru’s and amateurish posers who want to feel special about “knowing a secret” who hang round “RV” sites as the total frauds they are. BI claimed it had “RV’d” and all of a sudden you get all these scammers crawling out of the woodwork with dumb fake made up “intel” like:-

        “[theviking] GB is confirming it has happened. GB has really good sources and has been more correct than anyone else imho.

        [rmjgold] gb also said peeps in iraq sent pictures of their money they got [ [theviking] GB is none other the one and only Georgia Boy that got to the punch first now.

        [theviking] gb said he has gotten about 17 confirmations it has happened

        [lgtennis] He has seen that article and says and agrees its legit

        [lgtennis] And confirming lots of intel

        [taylor09] tomorrow, Sunday,Monday lol

        mdj: Tony seems to be lining up with what the Baghdad Invest site is saying about announcement after sign-off during Parliament meeting with the CBI on Sunday morning

        [diwd] lgtennis do u know how many intel gathers have confirmed that article.

        [lgtennis] diwd several yes”

        http://www.baghdadinvest.com/the-iraq-dinar-will-never-rv-and-never-make-you-rich/

        If that isn’t proof that most “RV” boards are just echo chambers of fraud filled with desperate dishonest people who sit around all day on “RV” forums making up fantasy “proof” telling everyone what they want to hear, then I don’t know what is…

    • John Richardson

      “FACT-Iraq currency was over $3.00 to 1 US Dollar before they went to war ”

      FACT – no it wasn’t:-

      “Due to excessive government printing of the new notes issue, the dinar devalued quickly, and in late 1995, US$1 was valued at 3,000 dinars.”

      http://www.cbi.iq/index.php?pid=History

      The Dinar plummeted to well under 1000:1 10 years before we invaded them in 2003… Why? Inflation – just like Zimbabwe’s… It didn’t “fall because of the war” at all.

    • Slingshot_Fuel

      If you are a mortgage broker, I question the process of certification of this industry! You sir, are a complete and utter joke. Your rather superficial grasp of finance bears out what everyone on this forum (including your fellow ‘believers’) already knows: you are a complete fool.

      • Son-of Liberty

        Right. His lack of financial skills and in Cal as a mortgage broker is clear evidence of why so many home owners were bamboozled into taking mortgages just to later have a major national collapse. He is a scammer himself. He just might be a RENFROW himself. Lol

    • Son-of Liberty

      Another lying Christian fool. Please don’t sell anymore houses that is if you have ever even been so lucky to accomplish that simple task. Switch to running a koolaid / lemonade stand. The Girl Scouts could use some help.

  • Danette J

    There is no lack of oil to back their currency, there are major world deals made every week with Iraq. Read the news, THEIR news. They have drawn a LOT of dinar out of circulati0on for several years, thru auctions at their Central Bank. They also have over 80 billion in foreign reserves, not counting one the largest stockpiles of gold in any country! Oil and gas sitting, easily accessed! Monetary reform could not have happened 5, 7, 9 or even 2 yrs. ago, their banking system and international capabilities were in the stone age, they were working on a democratic government being put in place, all while bombing each other from thousands of yrs, of tribal fighting, under Ch. 7 sanctions, (which were lifted last June) and so many other details to get this country ready for what THEY call monetary reform. They themselves, have said the IQD will be the strongest currency in the ME again. Read their news, their papers. Get informed!!!!! Any revalue above 1/10th of a penny, will be an increase! Look at KWT’s currency and others in the region. Until you do true research, just hush.

    http://en.alforatnews.com/modules/news/article.php?storyid=2076

  • Donna Smith

    I just love the fact that so many scam stories have kept the numbers much lower than they would be if people were better educated and this by design by our government. The reason the government hasn’t stopped a 10 year old “scam” is because it isn’t. They do love for that story to be out there however, because the only people who were supposed to take advantage of it were the elite because that is what they do. They start wars, devalue currency, revalue later and get rich. Never was it meant for the unwashed masses, and it is so easy to keep the unwashed masses in check with stories like this. So sorry for you. I at one time believed it to be far fetched until I understood what the world governments are up to these days. You will find out in time. It has been a most interesting journey for me. It will not be long before the world knows it was deliberately lied to and manipulated. The scam stories are getting increasingly louder which is what happened right before the Kuwait RV. Three days before the RV the press was reporting there would be no RV. Don’t you know you can’t believe anything in the media any more? Nothing but propaganda arms as are the paid trolls who comment on all the blogs.

    • John Richardson

      “The scam stories are getting increasingly louder which is what happened right before the Kuwait RV”

      ROFL. There was no “Kuwaiti RV”. See for yourself:-

      http://upload.wikimedia.org/wikipedia/commons/2/2d/KWD_against_USD.PNG

      Spot the 100,00% “Kuwaiti RV”? It simply didn’t happen… The Kuwaiti Dinar got frozen when Iraq invaded, then unfrozen at the same rate months later after liberation. Its international value didn’t even change by 2.5%.

      All you’ve done is parrot every lie the scammers are telling in the book and ended up making yourself look so gullible and foolish. Same with other Dinar “investors” who chuck out a load of fake claims over the Dinar “falling due to the war” that are 100% false and openly debunked on the Central Bank of Iraq’s own website (not to mention the experience of every Iraq who watched the price of bread soar from 1 Dinar to over 1,300 Dinar)…

    • Son-of Liberty

      Ok donut you outed me. I am an elite who works for the gov’t posting negative comments just keep this massive dinar investment a secret. You see all of those dinar dealer sites online are only visible by you “insiders”. Wink wink.. Really. Iraq is much more wealthier than china who has $3.8 trillion in foreign reserves supporting 113 trillion Yuan in M2 money supply next to Iraq’s petty $80 billion in foreign reserves with 85 trillion IQD,,, YET China’s Yuan has only revalued upwards a total of 35% over 8 years to $0.16 per $1 USD. Do you still think that with all of that country’s wealth or lack of they are interested in making you and millions of other conned dinar investors into overnight Donald Trumps? Keep dreaming. Show this thread just one nation that has revalued even remotely close to 100% overnight or even within 10yrs. Please don’t say Germany or Kuwait cause that’s all guru spew.

      http://www.tradingeconomics.com/china/foreign-exchange-reserves

      http://www.tradingeconomics.com/iraq/indicators

  • ROJO

    To all the geniuses on this blog, laughing and throwing around insults and smart a** comments of how stupid we investors are, I have a clue for you, Iraq has removed all of the currency it had in circulation in Iraq, and now all purchasing and transactions requiring payment is now made on Iraqi’s smart cards. Secondly, If you did such stellar research, you would know that the US has an agreement in place with the US Treasury that all Dinar purchased by the Treasury as part of a RI or RV, will be destroyed here in the US and credited for OIL CREDITS by the CBI, thereby pre-selling Iraq’s oil, while it is still in the ground over the next 25 years. Oil is going away, as a fuel source in the next 25 years and so will all focil fuels, thereby allowing Iraq to maximize profits from the sale of their oil, 25 years in advance. But the major misinformation slant thrown in here, by the wise guys, is that they have not mentioned the fact that Iraq’s currency was only worth $3.22 when Saddam was in power, because he didn’t allow anyone to conduct any surveys in Iraq for the 30+ years he was in power, in that he knew Iraq had much more gold and diamonds and silver and other precious metals then all of the other countries in the world combined. That’s right geniuses, Iraq is richer then any other country on the planet before you count their oil!

    Oh and in the agreement Iraq has with the US, the US is buying the oil at $32.00 per barrel, based solely on Petro Dollar Oil Credits alone, no money is even exchanging hands. Now do the math smart a$$e$! By the way, do you know what the Federal Reserve Dollar, is based on for its value? Close to $120 Trillion dollars in debt!

    Oh, and the Dinar is already trading at $3.71 with Bond sales for the last 21/2 weeks and in the last week, the $3.71 marker was reached and was locked in!

    Oh, and now you are too late, as tomorrow or Wednesday, this will be over and you are out of time.

    IT WAS A SPECULATIVE INVESTMENT UNLESS YOU EVER READ DANIEL IN THE BIBLE! BABYLON IS RISING! SMOKE UP, AND STAY HIGH, BECAUSE, YOU ARE GOING TO NEED TO STAY HIGH, WHEN YOU FINALLY FIGURE THIS OUT, DUDE!

    REMEMBER ALL THOSE YOU TOLD THEY WERE IDIOTS! LOOK IN THE MIRROR!

    • John Richardson

      Meanwhile, back on planet Earth.

      Iraq’s Money Supply:-

      Q1 2013 = 75,779bn Dinar
      Q2 2013 = 82,004bn Dinar
      Q3 2013 = 83,669bn Dinar
      Q4 2013 = 85,122bn Dinar
      Q1 2014 = 87.769tn Dinar

      http://www.cbi.iq/documents/key%20financial.xls

      Iraq haven’t “removed” any money from circulation. That’s just a sign of your chronic gullibility…

  • Son-of Liberty

    I heard Scott tissue company is offering to buy all of the dinars from you blind believers as they are looking to market it as their next line of toilet paper. Either that or keep it for yourself as you’ll need it to wipe your shorts when you see the redenomination occur and your investment is flushed down the toilet LITERALLY!!!

  • Randy Kirby

    Let me weigh in on this…This was never about an investment, it is not a stock it was speculative adventure which will mature one day and the only way it wouldn’t is for your own govt to stop it for us. People have bought more than they can afford now they are hurting. The country of Iraq has to have a value to their money more than the program rate of 1166 than it has now to be international for trading…It was put under the Marshall Plan for a ten year period to get the country back up and running..The rates are controlled by CBI of Iraq and everything has to be in place before they will release the new rate. My opinion on this is for people to take some time to study it and then if their not satisfied then sell what you have and move on.

    • John Richardson

      “The country of Iraq has to have a value to their money more than the program rate of 1166 than it has now to be international for trading…”

      No it doesn’t.

      “It was put under the Marshall Plan for a ten year period to get the country back up and running..”

      Dude, the Marshall Plan was about WW2 Germany from 1948-1952, not 2014 Iraq. All that “Dr. Todd” stuff is long debunked make-believe. OMG you’re gullible…

      • Randy Kirby

        Really….. Richard maybe i should have listened to you since you seem to have it all figured out “NOT” Everyone who wants to feed on the negative remarks let them and you keep guiding them. Have a good day and keep that frown on.

      • John Richardson

        All I’ve done is post the truth. The “Marshall Plan” has zero do with Iraq. The last surviving member of the Marshall plan DIED OF OLD AGE AT 101 back in 2005! LOL.

        The guy who was pumping this “Iraqi Marshall Plan” garbage – the imaginary “Dr. Todd” – is a fictional persona made up by the PTR scammers, and even then they got all their facts & dates wrong.

        First they claimed he was about 70 years old, which means he would have been around 12 years old during his supposed stint as an air traffic controller in the Korea War. LOL.

        Then, “Dr. Todd” laughably claims the whole “Marshall Plan” was set up by Queen Elizabeth’s father in 1958. Which is extremely impressive given the guy died 6 years earlier on (Feb 6th 1952)…

        If you want to live a lie, that’s up to you, but this scam is so obviously absurd, and the lies told so stupid, you’d have to be almost mentally ill to believe this stuff.

      • Randy Kirby

        Mentally Ill am my, wow didn’t know that have to get checked out and tell them a man named mister John said i was…..Rave on it shows your character.

  • DH

    Thank you ROJO, for those who do not do due dillegence, this seems to be to good to be true, but the fact is, it is going to happen the GCR is also going to happen I have following the research, news governments, CBI, IMF BIS, as well as US agency’s and the gov of Iraq. there is NOTHING that is a scam about this. and for you non believers, thats fine with me. I will be using my wealth to create positive changes in the world, you can just stay in the rut of your life ,complain and be a victim.

  • Basenjimomma

    If ind it interesting that the naysayers of this investiments are shouting so loudly to be heard. Why? What is your end-game here? Why do you care if people invest their money and lose or win? It happens every day in the stock market but I don’t see you tweeting about Wall Street ripping off the average investor, so I have to ask myself, what’s in it for you? It can’t be altruistic because you’re much too insulting to come off as caring. Could it be that deep down you kow there is something to this investment but you can’t bring yourself to believe it so you want everybody else to be left at the bottom of the economic heap with you? Or, is there some form of payment in attacking and trying to dissuade the masses from buying more currency or even becoming an investor? I really can’t understand why you care because clearly you don’t “care” about anything but your point of view? Usually when somebody protests against something so strenuously there is a thread of truth to it – I wonder……

    • John Richardson

      “If ind it interesting that the naysayers of this investiments are shouting so loudly to be heard. Why?”

      A common general dislike of scammers. I know it’s shocking but 95% of humanity shares that “agenda” of hating rip-off conmen. LOL. No doubt you’ll twist that into some weird “everyone must be a paid government agent” deluded conspiracy. Dumb conspiracies are ironically, the ‘fuel’ that keeps the scam going.

    • Sgt A USMC

      If you have seen your friends and family spend between $100,000 and $150,000 on this scam (like I have) and you have been trying to educate them to no avail because of the lying purveyors of dinar information on various websites, then perhaps you will try to stand in the middle of the road and wave your arms and try to warn new people that it is a scam that at best they will lose 40% of their money and at worst will lose it all. If you see people being cheated and lied to and won’t do anything to help them, you aren’t the sort of person I would want to have in my circle of friends.

      • Randy Kirby

        It has been said from the beginning of this….DO no buy into it more than you can afford to loose in case it takes a long time to mature.

  • GT5Junkie

    “If ind it interesting that the naysayers of this investiments are shouting so loudly to be heard. Why? What is your end-game here?”

    It may be difficult to believe, but some people on this planet rather than sit idly by watching people get scammed and ripped off, would rather speak up and try and prevent it. Google scams and rip offs and you will find entire websites with thousands of members and millions of posts entirely devoted to rooting out and debunking scams.

    As far as this altruism not jibing with being insulting, they probably didn’t start out that way, they probably became that way after guys like Rojo (above) started calling them idiots all because they were trying to help.

    The notion that there are paid “dumpers” out there paid by the government or by dinar dealers or by the CBI in order to get people to sell their dinar is paranoid nonsense that doesn’t even remotely make any sense. It’s one of the numerous lies put out there by the gurus to get their flock of the scammed to ignore the truth and keep bringing them paydays and attention.

    • Basenjimomma

      Well, they sat idly by until about 3 months ago! Where were they 5 years ago or 3 or even 6 months ago? Why now? What’s changed? There are scammers out there for just about every type of investment Wall Street being the worst, but that doesn’t mean that the investment itself is a scam. The dinar that is being sold by dealers is registered with the US Treasury – is the US Treasury perpetrating a scam on the American people? Is Jack Lew the ring leader in this scam? Is the POTUS in on it? If somebody is enticing you to buy dinar from them with the promise of outrageous returns then there is a problem, but then there needs ot be some discernment on the part of the buyer – nobody is putting a gun to their head. I haven’t seen a single dealer that advertises any returns, they just sell the currency; it is a long term speculative investment and there is very little monetary investment for the potential return. So, again, why all of the sudden interest from the so called “alarmists” to this investment?

      • GT5Junkie

        “Well, they sat idly by until about 3 months ago!”

        Where on earth did you get that idea? I’ve personally been telling the truth about the dinar since 2010. Others have been doing it for years also.

        Do you only read sites where they ban anyone that says anything “negative”?

        “The dinar that is being sold by dealers is registered with the US Treasury – is the US Treasury perpetrating a scam on the American people?”

        Come on, all you’re doing is repeating guru nonsense. They’re registered with the UST to provide money exchange for people that need the money for travel, not as an investment. Pay 50 bucks and fill out a form and you’d be a registered MSB also. It in now way implies that the UST is in on the scam.

        “I haven’t seen a single dealer that advertises any returns, they just sell the currency”

        First of all, the BH Group was indicted for doing exactly that. Second of all, of course most don’t, because they don’t want to go to jail. And because they don’t NEED to, there’s plenty of losers out there happy to do the lying for them for a few peanuts via Google Ads or conference call fees or site memberships. Why would the dealers get their own hands dirty when theres dirtbags out there that’ll do it for them?

  • Brian S.

    Well I don’t need Dinars. The Royal Bank of Nigeria has said I won the lottery there three times this week. I must be rich!!!

    • GT5Junkie

      There will be people that tell you the Nigerian lottery is a scam Brian, don’t listen to them. Just send the nice Nigerians whatever money they need to process your winnings, and you’ll surely be rich any day now.

      These naysayers are paid by Nigeria so you won’t claim the lottery because then Nigeria gets to keep it. That or they’re jealous. Or just stupid.

      BTW, I run a website to help facilitate Nigerian lottery winners getting their winnings, as well as to help them with “post lottery” investments. Lifetime VIP membership is only $399 and will pay for itself trillions of times over, can you afford NOT to become a nigerianlottovets.com? I think not!

      • baghdadinvest

        Did I not mention that I offer an instant text service, just $19.99 a month that informs you if you have been lucky enough to win the latest and greatest lottery.

        oops…….silly me.

  • GT5Junkie

    “Iraq has removed all of the currency it had in circulation in Iraq, and now all purchasing and transactions requiring payment is now made on Iraqi’s smart cards.”

    Find me a source other than your favorite guru that says this. You won’t, because it’s a lie. And it doesn’t make a difference anyway. A digital dinar is still a dinar, it can still be spent. A 25,000 dinar bill is functionally no different than 25,000 dinar in your checking account or on your “smart card”.

    “you would know that the US has an agreement in place with the US Treasury that all Dinar purchased by the Treasury as part of a RI or RV, will be destroyed here in the US and credited for OIL CREDITS by the CBI, thereby pre-selling Iraq’s oil, while it is still in the ground over the next 25 years.”

    Again, find me a source other than your favorite guru. You won’t, because it isn’t true. It also makes absolutely no sense. The US buys 25,000 (or 75,000, or whatever your favorite number is) dollars worth of oil from Iraq. The US gets the oil, and all Iraq gets is that we destroy one of their notes? How are they going to run the country when they’re effectively getting nothing for their oil? Why would they do this? Why wouldn’t they just keep selling their oil for dollars, or gold, or silver, or anything except what you’re saying, which is effectively giving it away?

    “in that he knew Iraq had much more gold and diamonds and silver and other precious metals then all of the other countries in the world combined. That’s right geniuses, Iraq is richer then any other country on the planet before you count their oil!”

    Absolute nonsense. Again, find me a source. You won’t. The type of geology that is conducive for oil reservoirs is very rarely going to be capable of housing major other resources like gold and diamonds, and Iraq isn’t a very large country so it’s incredibly improbable that they’ll ever produce a large quantity of anything besides oil, much less have more than the rest of the world combined. Completely impossible.

    “Oh, and the Dinar is already trading at $3.71 with Bond sales for the last 21/2 weeks and in the last week, the $3.71 marker was reached and was locked in!”

    No, it wasn’t. Find me a non guru source for this. They’re selling bonds for $3.71 but I can still go to my favorite dealer and get as much dinar as I want at 0.00086? Use your brain.

    “Oh, and now you are too late, as tomorrow or Wednesday, this will be over and you are out of time.”

    Wanna bet? It’s been tomorrow or Wednesday every week for the last 10 years, and it will continue to be tomorrow or Wednesday every week going forward, until hopefully they redenominate and hopefully most of you people wise up.

    Though some will never wise up, and since your posts indicate you believe virtually anything anyone tells you as long as you think it’ll make you rich, you’re probably one of them. The con artists will just move on to the next hyperinflated currency and you’ll buy that one, won’t you? They’ve already moved onto the dong, the Zimbabwe dollar (which isn’t even a valid currency anymore), and others.

  • jsan

    and here we have a shady lying goo roo chiming in. look at his past, its all online. he has been part of or run shady business dealings. him and that old preacher poopy are really fooling their sheep. I would hate to be them when the sh!t hits the fan. hes the one in Nashville that the tv station needs to go to his and poopys house and interview them on live tv.
    I would also take a good look at article 32

    Article 32
    1. The CBI shall have the exclusive right to issue banknotes and coins intended for circulation in Iraq. Banknotes issued under this Article shall be a first charge on the assets of the CBI. The CBI shall make appropriate arrangements for the issue of banknotes and coins required for circulation in Iraq. Banknotes and coins issued by the CBI and intended for circulation in Iraq are not promissory notes, bills of exchange, or any other type of commercial document under the applicable commercial law, and the cbi is obligated to honor them only as provided by this law
    2. Only bank notes and coins issued by the CBI that have not been demonetized shall be legal tender in Iraq.
    3. The CBI may, by regulation, limit the amounts of banknotes and coins that must be accepted as legal tender in payment for an obligation and restrict the denominations of such banknotes and coins in which payment may be made to specified amounts or a range of amounts.
    this means that the CBI CAN DENY REDEMPTION if it… in its discretionary opinion thinks that cashing in all of the dinar out there that they have issued… will cause a run on the security of the back or on Iraq as a whole!
    The CBI is only obligated to honor the currency according to this currency law. The dinar is only meant for circulation in Iraq. It was not meant to be exported. They will cite this law when they redenominate!
    Look at this wiki leaks document.
    http://dazzlepod.com/cable/09BAGHDAD265/?q=rasheed%20bank%20iraq
    America does not have a bilateral treaty obligation with Iraq, furthermore Iraq’s National Investment Law does not cover the banking sectors or it’s currency. This document is from the embassy in Baghdad. This means that Iraq is not obligated to honor it’s currency outside of it’s borders due to international treaties or laws!
    So I guess there are questions you need to ask yourself. Do you think Iraq is going to keep the 25 billion U.S. dollars it collected as it’s currency was exported? Even if Iraq does not close it’s border when they redenominate how will you get there to trade in your dinar?
    I still can’t help but ask these questions. How much of that dinar is here in America? How many private citizens is there in America that hold dinar? There is only one thing for sure, when this thing goes down a lot of people holding dinar will be shocked into waking up! This so-called investment has been the greatest currency scam I have ever seen!

  • GT5Junkie

    “Do I agree with the “know it alls” (or know nothings) on the left claiming there is 80 (something) Trillion Dinar in circulation??”

    That’s the Central Bank of Iraq that you’re calling a “know nothing”. Apparently you know better than them how much is in circulation. What’s your source for the real numbers?

    If it’s proof you want – look no further than PG 94 of the April 2012 (quarterly) SIGR report to Congress”

    The part where they talk about the dinar being worth only 1320 due to demand for the dollar, or the part where they talk about lopping?

  • Marcus Curtis

    It should be worth noting that this is not the first time Iraq pulled something with it’s currency.

    After the first gulf war George bush pulled out of Iraq leaving Saddam’s regime in power. A wide range of UN Sanctions were put in place. Because of embargoes imposed on Iraq, the CBI could no longer source paper currency from De La Rue. This was Iraq’s UK-based supplier. Saddam began to print dinars locally. He also started to outsource the printing of more bills from a Chinese based printer.

    For some reason the new notes didn’t circulate at the same value with the pre-war Iraq notes but traded at a discount. Somewhere around April or May of 1992 the older dinar notes were worth around 3 US cents whereas the newer dinar notes traded at 1 cent. Before the war the dinar was equal to around three U.S. dollars. This was only a few years back.

    The pre-war dinar were called Swiss dinar because the plates used to print the dinar came from Switzerland Saddam invalidated the pre-war Swiss dinar in 1993.

    So here we see an Iraqi government that did business with its neighbors and paid them with pre-war dinars. Then it invalidated those dinars and provided a 6 day trade in period. To make matters worse they closed the borders so no one could trade in their currency during the trade in period. people think this won’t happen again because it is a new government! I think it will happen again.

    When people look back on this dinar scam history will reveal a pattern. There is no coming GCR event where the most inflated currencies in the world are suddenly worth more making investors millionaires!

  • GT5Junkie

    I wonder if whnt will mention currencies like the dong and Zimbabwe dollar and how the scam has spread to them as well. Search eBay for “Zimbabwe dollar” and you’ll find (as of now) 4,207 auctions. Anyone think that they’re all sold to people looking for a funny souvenir? I don’t. One listing alone has sold 112 quadrillion Zim dollars for a total of over 14,000 USD. That doesn’t say souvenir seeker or numismatist to me.

    I have high hopes for whnt’s expose, but pretty low expectations, to be honest. Some articles in the past have honestly done more harm than good, with poor research and spineless reporting.

    And even if it’s a great one, I doubt it’ll have much impact. As you can already see from some of the comments here, the True Believers in the dinar will just ignore it and say that it’s media propaganda put out there to prevent investors from making millions.

    And even if the dinar redenominates and kills 99% of the scam, the con artists will just move onto another currency. There’s no shortage of hyperinflated currencies on the planet, there will always be at least half a dozen or so that these people will latch on to in order to defraud people.

    They’ve gotten at least some people to buy into the Zim dollar, and that isn’t even a valid currency anymore. Saw someone on twitter the other day say it should be worth 5 USD per Zimbabwe dollar. Saw another say that the 50 trillion note would be worth about 22 million dollars. You really just can’t fix stupid.

    • GT5Junkie

      Are you posting this as an example of the total nonsense and lies that pumpers and gurus put out there?

    • Marcus Curtis

      it’s funny that the link you provided said “You want an example of a scam? Play the lottery”

      How many dinar sheep treat the dinar like a lottery ticket? Actually you have a better chance of winning the lottery then you do making money off a revalue of the dinar. So if the lottery is a scam then the dinar is a bigger one.

      • GT5Junkie

        You have a better chance of finding a winning powerball ticket lying in the gutter next to a passed out Lindsay Lohan who just happens to have the cure for cancer written on a piece of notebook paper in her purse, than becoming a millionaire from “the Dinar RV”. Literally.

  • Sourdough

    I’m not taking sides on this issue and certainly not making verbal attacks either way, however, I do have some questions now that I’ve read the above writings.

    Why did banks in three different cities in Alabama sell me dinar if it was or is a scam program? Surely they wouldn’t do that, after all, the fractional banking that they do must be legal/ethical and not designed to cheat everybody everyday, right!

    Also our government is such a perfect example of honesty and trustworthiness that we now have the Affordable Care Act working like clock work, right!

    Of course, the news agencies would never slant a stories or mislead the masses because they said “yes we can” knowing that we couldn’t.

    • John Richardson

      “Why did banks in three different cities in Alabama sell me dinar if it was or is a scam program?”

      As others have repeatedly explained above – the mere existence of the currency isn’t a scam – it’s the mis-selling of it on the back of impossible – in fact, delusional – profits that is, and the scammer industry that’s sprung up around it based on a few “guru’s” pretending to have “secretive intel sources” which in reality, are just make up sales slogans pulled out of their own butts. Which is why every Dinar guru gets everything wrong all the time – but it’s the feel-good “Hopium” that traps people like a drug addiction.

      Did the bank who bought sold you Dinar tell you that a few hundred bucks was going to become $3.5m overnight, then make up outright lies “This week! Next Tuesday, etc”? That’s the scam.

      “Also our government is such a perfect example of honesty and trustworthiness that we now have the Affordable Care Act working like clock work, right”

      Nothing to do with the Dinar. You could equally say “Nigerian Prince e-mails aren’t a scam because of Obamacare” and it’s just as incorrect. In fact, some Dinar scammers use exactly that “false dilemma” propaganda tactic as part of their sales pitch.

      “Buy Dinar – I mean look at the national debt!” is nonsense since the Dinar is pegged to the $ and its value is unaffected by internal debt the USA owes to itself…

  • GT5Junkie

    “Why did banks in three different cities in Alabama sell me dinar if it was or is a scam program?”

    Because there’s a legitimate reason to buy dinar: if you’re going to Iraq. You’ll notice that practically every bank in the US quit selling dinar. Guess why? Because they found out people weren’t purchasing it because they were going to Iraq, they were purchasing it as an investment, and the bank didn’t want to buy part of the scam.

    “the fractional banking that they do must be legal/ethical and not designed to cheat everybody everyday, right!”

    There’s nothing unethical about fractional banking. To be honest, since you’re a dinarian, you probably don’t even understand it, since 99% of what is said about it on dinar forums are lies.

    “Of course, the news agencies would never slant a stories or mislead the masses”

    And anonymous people trying to make money on the internet would never do that either, would they?

    • Earl Allen Boek

      Yes, you can buy IQD Iraq currency from banks. IQN, however, the next round of currency, is only sold through dealers. This is the 25,000 notes this TV story is showing. We understand that the first bond sale of Iraq bonds has just taken place 1 trillion bonds sold at a international rate of $3.71 raising in the first round, another is coming, almost $4 trillion. The second round is for infrastructure. Those of us that now hold IQN are hoping the first round is to exchange the large denomination bills we now hold. For years, Dinar investors have been told they were stupid because there was no way in hell they had the money, based on their annual budget, and cash on hand, to cover the cost of the exchange on the new IQN currency. We are a little jazzed right now, as it looks like the nay-sayers were wrong, at least on that suggestion. Anyway, one way or another, what has been a long ride, over 10 years for some, is soon coming to a close. We will soon find out who’s right and who’s wrong.

      • Sgt A USMC

        Earl, I hate to be the one to break this to you, but just because some felon named tony and some oil field worker from Oklahoma said that the IQD is now called the IQN doesn’t make it so. There is no ISO code IQN. The ISO code for the dinar is the IQD. Period. Oh and just so you know there is no VNN either. It is just a way for the dinar pumpers to confuse people that don’t do their research. Sorry.

      • GT5Junkie

        “Yes, you can buy IQD Iraq currency from banks. IQN, however, the
        next round of currency, is only sold through dealers.”

        There is no IQN. Do some research, that isn’t on a dinar blog.

        “We understand that the first bond sale of Iraq bonds has just taken place 1 trillion bonds sold at a international rate of $3.71 raising in the first round, another is coming, almost $4 trillion.”

        Gee, I bet if Iraq sold trillions of dollars worth of bonds, there’d be a news story somewhere stating so. But I bet you haven’t seen one, I bet the only place you’ve heard this is from some loser dinar guru that’s never been right about anything.

        So, got a link to this?

        You realize that bonds are debt, right? So Iraq is going to go into trillions of dollars of debt in order to give money away to foreign currency speculators? Why?

  • GeorgeW

    Its not a scam it’s a countries currency, it is however speculative as to when and how much it will be when it “matures”

    As with anything involving people and money there will be those who’s sole purpose is to profit by any method they can regardless of who gets hurt in the wake.

    if it’s a scam could you sell what you have and walk away, sure if you sell today you could only get 3/4 or so of what you may have paid. If you buy a stock and the next day the company go belly up you cant even get back the transaction fee. Maybe investing in whole is a scam?

    • GT5Junkie

      Don’t bother checking the internet, but gold went up to 2000 an ounce today. I’ll sell you as much as you can afford right now for 1800 an ounce because I need the money immediately. Tomorrow you can take it to a broker and easily get 1950 an ounce, I get what I need (money right away) and you make yourself a tidy little profit for doing nothing.

      You wake up tomorrow and discover that I lied and that gold was actually only at 1500 today, and its still at 1500.

      By your logic I didn’t scam you, because you got 75% of your money back.

  • Zach Lewon

    to prove that what i am saying is true i got a bunch of articles and links so you can see for yourself

    Note: Redenomination = delete zeros from currency. A LOP is just another word for Redenomination/ delete zeros

    here are just a few examples of why i think its going to Redenominate/lop

    1. Iraq Said To Be Planning Currency Overhaul, Redenomination – http://goo.gl/L0NzeX
    2. Cutting zeros off Iraqi dinar and proceeding with its Redenomination to be launched in July 2013 – http://goo.gl/CHcIzB
    3. Iraq Planning Currency Redenomination – http://goo.gl/mC8EqD
    4. Iraq Decides to Redenominate Currency – http://goo.gl/AsulzC
    5. Iraq Prepares to Redenominate its Currency – http://goo.gl/bV5NqQ

    there is just a few examples

    now i am going to post about what the old & new cbi gov said about Redenomination/lop.
    here’s what the Current CBI Gov says ” Turki added that “[b]the deletion of zeros is a necessary and useful step to restructure the currency and the economy,” – http://goo.gl/ZxVxCr

    here what the old CBI Gov said : Mahma Khalil Member of the Iraqi Parliament and official spokesperson of the Economic Committee says an agreement has been reached about the mechanisms of introducing the new banknotes after a series of meetings and discussions with the CBI Governor Dr. Sinan Al Shibibi.

    He added the exchange rate between the new banknotes and the old ones would be 1:1,000 http://goo.gl/Qb8jJ0

    what i posted where just some of the many hundred of Redenomination articles i chose.

    raise,lift,cancel,delete,lop,drop,remove,cutting = all the same thing none of them are different.

    Redenomination Def – Redenomination: a new unit replaces the old unit with a fixed number of old units being converted to 1 new unit. If inflation is the reason for redenomination, this ratio is much larger than 1, usually a positive integral power of 10 like 100, 1000 or 1 million, and the procedure can be referred to as “cutting zeroes”. http://goo.gl/Y1Emel

    all currency that have deleted three zeros. There Exchange rates were all 1000 to 1 new which means for every 1 Million you hold you only got 1000 USD back.

    dont take my word for it look for yourself

    note indonesia has not happend yet but it will just watch.

    Venezuela – http://goo.gl/bhNxtF

    Indonesia – http://goo.gl/RFyUFb

    Mexican peso – http://goo.gl/PzwPlf

    bulgaria lev – http://goo.gl/MdyD8V

    Russian ruble – http://goo.gl/8N1tva

    Israel shekels – http://goo.gl/oNsF16

    Paraguay guarani – http://goo.gl/AvsKKg

    Brazil Real – http://goo.gl/Tsi2ur

    Colombia peso – http://goo.gl/X59Q6I talking about deleting three zeros

    Zambia – http://goo.gl/2SHK52

    Afghanistan deleted 3 zeros http://goo.gl/oOMjnE

    also here’s another Document that iraq is planning a long term Redenomination.

    Headline Document: 2010 Document – Special Inspector General for Iraq Reconstruction to The United States Congress

    Dinar Redenomination

    The CBI has announced that it intends to implement a long-planned Redenomination of the Iraqi dinar by eliminating three zeros from the nominal value of banknotes.This process is meant to ease commercial
    transactions by reducing errors and confusion that hyper-inflated currencies often cause. Now that Iraq’s inflation rate has achieved a level of stability, the move could serve to bolster confidence in the
    country’s currency. http://goo.gl/HMRN4L Page 99

    Q: Does the U.S. hold a large position in Iraqi Dinars?

    A: No, the foreign currency reserves of the U.S. ending Febuary 7, 2014, are found at http://www.treasury.gov/resource-center/data-chart-center/IR-Position/Pages/02072014.aspx and while the U.S. owns some small amounts of Euros and Yen, no significant holdings of Dinars are listed. That the U.S. government invests in a huge stockpile of Iraqi Dinars is just something that scam artists untruthfully recite to sell their suckers more Dinars.

  • Jack

    This investment was meant for Christians! If you feel it is a complete scam, fine. Thank you for your opinion! Now go away! This investment was not designed for you!

  • gmhj

    No matter how long I waited… the clip never opened up… tried at various times of the day…. zero shown.

  • Joint Threat Research Intelligence Group

    I want to be paid to attack dinar buyers and dissuade everyone from speculating in foreign Iraq devil currency — where do I sign up?

  • David

    I do not see how this is a cam. Isn’t it similar to almost every investment? The higher the average risk the greater the potential return or loss?

    Someone help me out with this question. Lets say I buy $1000.00 (USD) worth of dinars. Iraq is not a rich country in terms of wealth per individual person, the gulf between the wealthy and not wealthy is fairly larg. However, physical items like tvs, auto, radios, household items etc. do cost money. A middleclass Iraqi familiy would have over $1000.00 (USD) goods in their home they could liquidate (into dinars) if they chose and still survive. So wwouldn’t the re-evaluation/re-denomination of the currency make them all millionaires (in USD) as well? So suddenly Iraq develops a fairly substantial wealthy class. My example is a little rough but I still do not see it happening.

    How do you prevent all the current holders of dinars in Iraq from becoming millionaires? Are they holding a different type of dinar than the speculative investors do in foreign countries?

  • David

    My comment did not post.

    So let me sum it up. Do foreign purchasers of the dinar hold a different type of dinar than an Iraqi citizen holds? If the re-value/re-denomination does occur what prevents Iraqis who hold $1000.00 (USD) worth of dinar from becoming welathy? Is it that most Iraqis do not have $1000.00 (USD) worth of dinars? That doesn’t seem like a sum of money that is out of reach of many Iraqis. It is close to the price of an airline ticket out of there. If a nation could accomplish this why not do it and make a lot of your citizens “richer”?

    I understand how currency exchange rates fluctuate and can generate gains or losses but I can not equate that to the predicted returns or expected results for the dinar. Seems too extreme.

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