Top Resource for Unbiased Dinar Information
People are talking about the Iraqi Dinar revaluation, speculators are investing in Iraq’s currency, and people are even buying it on reserve, but is it a hoax or is Iraq’s New Money really a way to get rich quick? We expose the truth (an extremely risky investment!), show you how to spot the fakes and explain what the dinar really costs should you decide to move forward.
Thinking about investing in the Dinar? Consider this;
On 2/25/09 $1 = 1170 Dinar (.0008547 cents = 1 dinar)
On 6/18/2013 $1 = 1166 (increase of .003 of a cent in 4 years)
$1,000 spent in 2009 would be an increase of only $3.42 today
(adjust for 4 years of inflation + buy back fees = Big Warning!)
You’ll see many sites dedicated to the Iraqi Dinar displaying graphs that are seriously skewed and include the Old Iraqi Dinar that is no longer in circulation or even based on the Dinar alone without comparing US values.
Take a look at the chart to the left, this is what you should really be looking at!
In this chart, we look at the growth of Iraqi money in US Dollars from 2004 to 2012 and compare that to the rate of inflation which is .15 for that period.
Looks pretty bad, doesn’t it? I’ll bet that if you take a look at other sites you won’t find charts like this one! Why, because a chart like this clearly shows the real value of the Dinar.
Here is the pitch used:
In October of 2004, $1 USD would buy you 1,460 Iraqi Dinar (IQD). That same $1 in 2012 will buy you only 1,169 IQD.
Looks good right, but the trick is to get the number 302 in your head as if it were dollars, not dinars, and draw your attention away from fees of .40 cents and inflation of .15 cents since purchase. Here is how it should really read:
$1.40 could buy you 1,460 Iraqi Dinar in 2004, that $1.40 in 2012, adjusted for inflation ($1.25) can now buy you 1,461 Dinar, a difference of 1 dinar.
That one dinar is worth nothing more than fractions of a cent! Doesn’t sound like a very good investment, does it?
What Dinar Dealers don’t tell you!
When I first heard about the Iraqi Dinar, I was skeptical and at the same time felt that I could be on to something big! If Iraq’s money increased enough in value, I could make a Million! I felt a sense of urgency to buy before I missed my opportunity.
I set out to find as much information as I could and within no time at all, I was overwhelmed with hyped-up sites and forums promoting the currency. With my false sense of urgency nagging at me, I decided to dive in and buy 250,000 Iraqi Dinar. At the time I thought it was a great price, but later discovered I paid way too much. In fact, I should have never bought that money in the first place!
We have uncovered a complex network of websites owned and operated by dealers that look like independent websites but are really owned by the company selling the currency. It’s a game of deception where dealers come out ahead while innocent people looking for a quick fix to their financial problems end up losing what money they had.
If you feel rushed to get in on Iraq’s new money, then review this site first – THERE IS NO RUSH!!! Want to know why so many state agencies warn about the iraqi dinar scam and caution people against buying iraqi money as a way to get rich? Want to know how much money dinar dealers are really making off uninformed buyers? Then keep reading, it will shock you!
Dinar – The Fakes!
We provide you with information and resources to help obtain Iraqi Dinar safely should you decide to take the risk. There are a ton of shady sites offering to sell you Dinar’s below market price, the catch is that many are fake! Counterfeit Dinars are big business and you need to know how to spot the fakes.
We have some great pictures of the Iraq’s new money, seals, watermarks and more. We’ll explain how anyone can review their currency and verify authenticity.
The old Iraqi dinars with the picture of Saddam are not the money you want – it’s the new money issued by the Central Bank of Iraq on October 15, 2003 that investors are seeking. Dinar denominations of 50, 250, 1000, 5000, 10000, & 25000 are available.
The new Iraqi Dinar, pictures of 50,250,1000,5000,10000,25000 Notes.
These new dinars printed by De La Rue, contain some of the most up-to-date anti-counterfeit features, including watermarks, a security thread, raised letters, an optical variable ink and other variations to thwart off counterfeiters.
Is Iraqi Dinar Legal?
Yes, it is – there is a lot of controversy over buying Iraqi Dinars. Presidential Order 13303 allows US Citizens to invest in the New Iraq. Under this Order and the Coalition Provisional Government Order 39, a US citizen has the same rights to investments as an Iraqi citizen. In fact, you can pick up Iraq Money at your local bank here in the US!
The Iraqi Dinar is a BIG risk and you are gambling that the government in Iraq will pull together and start profiting from its rich oil resources. If it does, then your investment could pay off – that is a BIG IF!
How much should you spend?
Right now, you’ll find prices ranging from $680 to $1,500 for 1 million IQD. Why the broad range in price? Some sellers don’t include shipping costs or insurance while others charge extra for depending on the denomination of bills you select – some just like big markup and some are individuals looking to unload a bad investment!
Some dealers will even use smaller bills with many being heavily worn or damaged – Many banks will not accept Iraqi Dinar that is in poor or damaged condition; unscrupulous dealers purchase these damaged dinars for next to nothing, then insert them into a good batch and sell the currency for less than average (not such a good deal!)
Exactly how much you should spend is up to you, but if you must investment, do so understanding that Iraqi Dinar is an extremely risky investment that has repeatedly failed to deliver on its promise of great wealth.
Here is a small sample of those promises and hype used to trick you into letting go of your hard earned money? Take a look at this Many of the people investing in the Iraqi Dinar do so because they have been told it’s foretold in the bible or that Iraq has great oil reserves and will make those holding the dinar incredible wealthy. I can tell you that the only people becoming wealthy are the dealers and they are making millions of U.S. Dollars selling you on the dream! In one case, it is 10 million US dollars per month in profit – that’s a LOT of dreams sold!
Understand that experts consider this an extremely risky investment and warn about buying foreign currency such as this. If you purchase this currency today and were to sell it back three months from now, your chances of losing money is great!
You’ll find a ton of useful information on this site. Read, learn and understand the true risks of the Iraqi Dinar. If you want to cut to the chase, I’ve converted my eBook about the Iraqi Dinar to a webpage here which does a great job at summing up the risk.