HUNTSVILLE, Ala. (WHNT) – Across the country and in the Tennessee Valley, people are buying Iraqi dinar. They’ve been told it will one day rise sharply in value against the U.S. dollar, leading to a financial windfall for them.
Albertville resident Tim Jones is one of those who bought in, along with his pastor and several church members. He purchased his dinar years ago and is still waiting for a payoff.
In February, WHNT News 19 took action to find the truth. Was his investment legit? Our investigation turned up warnings from state regulators, the Better Business Bureau and financial experts, calling dinar investment a scam. It also prompted the Alabama Securities Commission to issue a statewide “Investor Alert” addressing dinar.
Despite those warnings, many people remain invested. They’re confident in their purchases and offer specific claims as justification for buying in. So are these claims credible? Or are investors being misled?
WHNT News 19’s investigation continues Friday, May 9th at 10:00 p.m.
We’ll dig for the truth; speaking to financial experts, banking executives, government leaders and representatives from the World Bank, IMF and more.
Here are just a few of the claims we’ll explore…
Claim #1: There will be a “revaluation” or “RV” of Iraqi dinar, raising its value against the U.S. dollar and leading to a payoff for the investor
Claim #2: There was a “revaluation” in Kuwait that shows something similar is possible in Iraq
Claim #3: President George W. Bush’s Executive Order 13303 gives Americans special legal rights to hold or invest in Iraqi dinar
Do you know someone who invested in Iraqi dinar, or is thinking about it? Make sure they don’t miss our Taking Action investigation airing Friday, May 9th at 10:00 p.m. You can watch it on-air or through our live stream here on WHNT.com.
UPDATED: Here’s a link to our report, in case you missed it. Click here to watch now!