Since the iraq war in 2003, the iraqi dinar has been the subject of significant fraud and scams and conducted a lot of speculative business. This currency has been sold as. To support this scam, fraudsters have created websites, bulletin boards, newsletters, and social media platforms to propagate the illusion of the dinar’s imminent. On february 7th 2024 the iraqi central bank devalued the dinar to 1300 dinar=1 usd. They are putting investments to work to bring the exchange rate more in their favor.
Father in law is into it. According to him the dinar will be revalued on par with the. People consider investing in dinars for several reasons, often centered around the idea of earning large returns. Here are some common reasons: The iraqi dinar revaluation scam is a financial scheme where promoters claim the iraqi dinar will significantly increase in value overnight, making investors wealthy. Could be a scam. Ill put it this way: If you spend $150 dollars on 500,000 dinar and some of the following things happen: Then there's a pretty good chance that your 500,000. Scammers tell folks (mostly elderly) to invest in the iraqi dinar because it will appreciate and be worth millions of u. s dollars when in reality, they've been mostly worthless. Securities and exchange commission (sec) recently filed a complaint against joshua jay hansen, 34, of logan utah, for attempting to swindle investors in a dinar. Several years ago my dad got suckered into the iraqi dinar revaluation scam, whereby you’re told to buy the worthless currency, and when it’s revalued you will become a millionaire. Unscrupulous individuals and organizations exploit people's hopes by selling iqd at inflated prices, promising extraordinary returns once the revaluation occurs. In one form of con, sellers offer to sell dinar or another currency, but get the customer to agree to a layaway plan, in which the scammer holds the funds until revaluation. Just like the iraqi dinar scam, websites have been set up to herald the imminent revaluation of these zimbabwe dollar bonds.
Securities and exchange commission (sec) recently filed a complaint against joshua jay hansen, 34, of logan utah, for attempting to swindle investors in a dinar. Several years ago my dad got suckered into the iraqi dinar revaluation scam, whereby you’re told to buy the worthless currency, and when it’s revalued you will become a millionaire. Unscrupulous individuals and organizations exploit people's hopes by selling iqd at inflated prices, promising extraordinary returns once the revaluation occurs. In one form of con, sellers offer to sell dinar or another currency, but get the customer to agree to a layaway plan, in which the scammer holds the funds until revaluation. Just like the iraqi dinar scam, websites have been set up to herald the imminent revaluation of these zimbabwe dollar bonds. The argument for revaluation holds that zimbabwe is using its. This essay will explore the history of the iraqi dinar revaluation scam, the demographics it targets, and the improbability of the currency's value ever increasing as. Hansen allegedly was offering securities that invested in dinars, which were sold to investors with the promise that the iraqi government would revalue the currency at a much. Although the dinar looks like a good speculative investment, especially for those who are expecting a revaluation, there’s no way to confirm or deny investing in iqd could. Every savvy investor seeking to diversify their portfolio is keenly aware of the lucrative nature of investing in foreign currencies. Recently, the iraqi dinar (iqd) has once again captured the. Despite still showing no signs of ever paying off, the iraqi dinar scam not only lives on, but appears to have found a new home where the worthless currency can easily be bought.
This essay will explore the history of the iraqi dinar revaluation scam, the demographics it targets, and the improbability of the currency's value ever increasing as. Hansen allegedly was offering securities that invested in dinars, which were sold to investors with the promise that the iraqi government would revalue the currency at a much. Although the dinar looks like a good speculative investment, especially for those who are expecting a revaluation, there’s no way to confirm or deny investing in iqd could. Every savvy investor seeking to diversify their portfolio is keenly aware of the lucrative nature of investing in foreign currencies. Recently, the iraqi dinar (iqd) has once again captured the. Despite still showing no signs of ever paying off, the iraqi dinar scam not only lives on, but appears to have found a new home where the worthless currency can easily be bought.
