Search results
The scammers promise that millions of dollars in profits are virtually guaranteed if you buy the dinars at today’s values (about 1,000 dinar to 1 US Dollar) and then exchange the dinars back for dollars at a later date once the dinar exchange rate has improved.
2 cze 2024 · 3. Scams and Fraud. The market for Iraqi Dinar is rife with scams. Unscrupulous dealers often take advantage of eager investors, selling counterfeit or overpriced currency.
16 lip 2023 · To support this scam, fraudsters have created websites, bulletin boards, newsletters, and social media platforms to propagate the illusion of the dinar’s imminent revaluation. People have claimed that the dinar will revalue “within the week” or “by the end of the month,” repeating these false claims for years.
30 wrz 2024 · For those living or working in Iraq, or doing business in the country, buying dinars could be a viable investment. Cons. The IQD has very little true trading volume. The IQD exchange rate is...
29 sie 2024 · The Iraqi Dinar scam targets a broad range of individuals, but certain demographics are particularly susceptible. The scam is especially appealing to those who are financially insecure, such as retirees, low-income earners, or individuals facing economic hardship.
However, buying the Iraqi dinar is very unlikely to result in a profit – the currency is facing low liquidity and the possibility of redenomination. Iraq Dinar investors are often targeted in scams that are trying to convince them to invest in IQD without letting them know about its pitfalls.
31 lip 2012 · And there is the scam: The scam artists sell Iraqi Dinars to suckers based on the false story that the Iraqi Dinars are about to become very valuable, when they are not.
