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30 wrz 2024 · The largest concern, however, is the number of scams and frauds concerning the Iraqi dinar. U.S. state regulators have been warning since as far back as 2011 about currency “brokers” who ...
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.
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.
The Iraqi dinar [a] (code: IQD) [2] is the currency of Iraq. The Iraqi dinar is issued by the Central Bank of Iraq (CBI). On 7 February 2023, the exchange rate with the US Dollar was US$1 = 1300 dinars.
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.
10 lis 2023 · Scammers argue that millions of dollars in profits are virtually guaranteed if an investor buys the dinars at today's values (1000 dinars to 1 US Dollar) and later converts the dinars back for dollars later in time once the dinar exchange rate has appreciated.
5 mar 2019 · The FBI and IRS are investigating individuals associated with Sterling Currency Group (which also did business as Dinar Banker and GID Associates) involving the sale of Iraqi dinar. On...
