Common scams include selling counterfeit dinars or charging exorbitant. This would represent an astronomical return on investment. Unscrupulous individuals and organizations exploit people's hopes by selling iqd at inflated prices, promising extraordinary returns once the revaluation occurs.
iraqi dinar IRAQI DINAR Revaluation Update Today 2024 / iqd rv / iraqi
If the iraqi dinar were to revalue to $0.10 per 1 iqd, holding 1 million iqd would suddenly be worth $100,000 usd.
Scammers sometimes exploit patriotic sentiments, suggesting that purchasing dinars somehow supports iraq's reconstruction while promising enormous returns.
Right now, iraq relies on. According to him the dinar will be revalued on par with the. On february 7th 2024 the iraqi central bank devalued the dinar to 1300 dinar=1 usd. Many uninformed investors have fallen prey to fraudulent, exploitative schemes.
Are there risks in buying iraqi dinars due to revaluation? This blog is for speculation , rumors about the revaluation of currencies. Father in law is into it. Common scams targeting dinar investors.
Is he completely being scammed somehow or just convinced to make terrible investment choices?
Unfortunately, the hype around the iraqi dinar has attracted scammers who prey on uninformed investors. In 2020, the central bank of iraq decided to adjust the exchange rate of the dollar against the dinar, as the purchase price of the dollar from the ministry of finance reached. An examination of false hope and financial deceit introduction for a number of years, certain investment circles have believed. Many people have fallen victim to iraqi dinar scams that promise unrealistic returns based on rumors.
They are putting investments to work to bring the exchange rate more in their favor. One of the most common scams surrounding the iraqi dinar is the claim that the currency will undergo a. Dozens of citizens demonstrated today, tuesday, in front of the central bank in the center of baghdad to claim their money deposited in warka bank for 15 years. We provide daily dinar updates and dinar recaps, featuring insights from popular dinar gurus.
The scam of the iraqi dinar revaluation:
