The Iraqi Dinar Scam

by Ender, Apr 4, 2007

(contd.)

Page 7 of 9 | «Prev 1 2...5 678 9 Next»

1,000 × 4,750pcs (4,750,000 NID) = $4,560 US

1,000 × 5,000pcs (5,000,000 NID) = $4,800 US

1,000 × 5,250pcs (5,250,000 NID) = $5,040 US

1,000 × 5,500pcs (5,500,000 NID) = $5,280 US

1,000 × 5,750pcs (5,750,000 NID) = $5,520 US

1,000 × 6,000pcs (6,000,000 NID) = $5,760 US

1,000 × 6,250pcs (6,250,000 NID) = $6,000 US

1,000 × 6,500pcs (6,500,000 NID) = $6,240 US

1,000 × 6,750pcs (6,750,000 NID) = $6,480 US

1,000 × 7,000pcs (7,000,000 NID) = $6,720 US

1,000 × 7,250pcs (7,250,000 NID) = $6,960 US

1,000 × 7,500pcs (7,500,000 NID) = $7,200 US

1,000 × 7,750pcs (7,750,000 NID) = $7,440 US

1,000 × 8,000pcs (8,000,000 NID) = $7,680 US

1,000 × 8,250pcs (8,250,000 NID) = $7,920 US

1,000 × 8,500pcs (8,500,000 NID) = $8,160 US

1,000 × 8,750pcs (8,750,000 NID) = $8,400 US

1,000 × 9,000pcs (9,000,000 NID) = $8,640 US

1,000 × 9,250pcs (9,250,000 NID) = $8,880 US

1,000 × 9,500pcs (9,500,000 NID) = $9,120 US

1,000 × 9,750pcs (9,750,000 NID) = $9,360 US

1,000 × 10,000pcs (10,000,000 NID) = $9,600 US

5,000 Notes - 5,000 × 50pcs (250,000 NID) = $219 US

5,000 × 100pcs (500,000 NID) = $438 US

5,000 × 150pcs (750,000 NID) = $656 US

5,000 × 200pcs (1,000,000 NID) = $875 US

5,000 × 250pcs (1,250,000 NID) = $1,094 US

5,000 × 300pcs (1,500,000 NID) = $1,313 US

5,000 × 350pcs (1,750,000 NID) = $1,531 US

5,000 × 400pcs (2,000,000 NID) = $1,750 US

5,000 × 450pcs (2,250,000 NID) = $1,969 US

5,000 × 500pcs (2,500,000 NID) = $2,188 US

5,000 × 550pcs (2,750,000 NID) = $2,406 US

5,000 × 600pcs (3,000,000 NID) = $2,625 US

5,000 × 650pcs (3,250,000 NID) = $2,844 US

5,000 × 700pcs (3,500,000 NID) = $3,063 US

5,000 × 750pcs (3,750,000 NID) = $3,281 US

5,000 × 800pcs (4,000,000 NID) = $3,500 US

5,000 × 850pcs (4,250,000 NID) = $3,719 US

5,000 × 900pcs (4,500,000 NID) = $3,938 US

5,000 × 950pcs (4,750,000 NID) = $4,156 US

5,000 × 1,000pcs (5,000,000 NID) = $4,375 US

5,000 × 1,050pcs (5,250,000 NID) = $4,594 US

5,000 × 1,100pcs (5,500,000 NID) = $4,813 US

5,000 × 1,150pcs (5,750,000 NID) = $5,031 US

5,000 × 1,200pcs (6,000,000 NID) = $5,250 US

5,000 × 1,250pcs (6,250,000 NID) = $5,469 US

5,000 × 1,300pcs (6,500,000 NID) = $5,688 US

5,000 × 1,350pcs (6,750,000 NID) = $5,906 US

5,000 × 1,400pcs (7,000,000 NID) = $6,125 US

5,000 × 1,450pcs (7,250,000 NID) = $6,344 US

5,000 × 1,500pcs (7,500,000 NID) = $6,563 US

5,000 × 1,550pcs (7,750,000 NID) = $6,781 US

5,000 × 1,600pcs (8,000,000 NID) = $7,000 US

5,000 × 1,650pcs (8,250,000 NID) = $7,219 US

5,000 × 1,700pcs (8,500,000 NID) = $7,438 US

5,000 × 1,750pcs (8,750,000 NID) = $7,656 US

5,000 × 1,800pcs (9,000,000 NID) = $7,875 US

5,000 × 1,850pcs (9,250,000 NID) = $8,094 US

5,000 × 1,900pcs (9,500,000 NID) = $8,313 US

5,000 × 1,950pcs (9,750,000 NID) = $8,531 US

5,000 × 2,000pcs (10,000,000 NID) = $8,750 US

10,000 Notes - 10,000 × 25pcs (250,000 NID) = $213 US

10,000 × 50pcs (500,000 NID) = $425 US

10,000 × 75pcs (750,000 NID) = $638 US

10,000 × 100pcs (1,000,000 NID) = $850 US

10,000 × 125pcs (1,250,000 NID) = $1,063 US

10,000 × 150pcs (1,500,000 NID) = $1,275 US

10,000 × 175pcs (1,750,000 NID) = $1,488 US

10,000 × 200pcs (2,000,000 NID) = $1,700 US

10,000 × 225pcs (2,250,000 NID) = $1,913 US

10,000 × 250pcs (2,500,000 NID) = $2,125 US

10,000 × 275pcs (2,750,000 NID) = $2,338 US

10,000 × 300pcs (3,000,000 NID) = $2,550 US

10,000 × 325pcs (3,250,000 NID) = $2,763 US

10,000 × 350pcs (3,500,000 NID) = $2,975 US

10,000 × 375pcs (3,750,000 NID) = $3,188 US

Page 7 of 9 | «Prev 1 2...5 678 9 Next»

18
Liked It

I Like It!

Tags:

Buy Iraqi Dinar | Why Invest In Real Estate?

Latest Articles in Investing

GO for "index Fund" | Stock Market: Three Things That Could Cheat You

Comments (40)

Subscribe by RSS

#1 by Eliza, May 23, 2007

Too long

#2 by Daisy, Sep 11, 2007

Chase Bank in Arizona is selling and buying back Iraqi Dinars.

#3 by Nick, Sep 21, 2007

The government can claim all money inside iraq is legitimate and all money outside is iraq is not. Then, they will exchange the money inside iraq for new currency and the old one you can use for funny money in Texas holdem with friends.

#4 by dante, Oct 4, 2007

insightful! Thank you for making sense to all of this dinar debacle.. Im from indonesia and these "get rich quick schemes" often get the best of many people yet so desperate for an easy buck but without the hardwork.

#5 by furion , Oct 17, 2007

a ha

#6 by Tim C, Nov 11, 2007

Anybody who understands even the most rudimentary principles of economics would know to stay the hell away from the 25,000 Dinar note. This think is an inflationary note reflecting the current minuscule value of the IQD to the USD. If and when the rate climbs, you can rest assured that this note will be the first on the Devaluation chopping block! Devaluation always occurs when a drastic exchange rate takes place to harmonize the currency on global markets; it would be best to get smaller denominations if any at all.

#7 by Scrappy, Nov 21, 2007

We have received reports that the Iraqi Dinar has gone to value. It should be formally announced tomorrow on Thanksgiving. The value which has been stated is $1.21 to start. The value should be posted on the FOREX within a day and then the US banks will be able to exchange the money. We expect it, the value, to rise quickly as there is a major conference in Egypt this weekend discussing the revalue of their country's currencies attended by all the Midwestern countries, and they all want to match Kuwait which is at a $4.00 US per Dinar value.

We have had multiple reports that they are now using the smaller denominations in the daily business in Iraq. This coincides with the information that the central bank has had many currency auctions in the past few days as the country's banks were buying the smaller bills to be ready for the revalue and to have the small bills available.

#8 by West Indies, Jan 3, 2008

Foreign companies Investing in Iraq? Last time I heard, US Department of state employees publicly stated that their job transfer to Iraq would amount to a death sentence......

#9 by Mr Mac, Jan 21, 2008

Does anybody know where I can set up a banking account to deposit my New Iraqi Dinars? I believe now is the time to flood the US Financial Market with the New Iraqi Dinars. So when ever the rate do change, I may have the option to cash out or invest. Again, now is the time!

#10 by pingo, Feb 2, 2008

what are the current rates of iraqii deenar...can any one tell here?

#11 by Maricel, Feb 11, 2008

Today the value of Iraqi dinar from Central Bank of Iraq was 1210. Im an asian currently working here at iraq and having 10million Iraqi dinar

#12 by miss sha, Feb 17, 2008

i strongly believe in iraqi dinars. i live in south east asian country and bouth 300,000 iraqi dinar to turn into dollors. i bought through a mutual friend. all notes are uncirculated. dinar will surely go up soon. it is not scam only the dealers are making more money by selling in high prices. the exchange rate today is 1US=1208. you can check it out from central bank of iraq.

#13 by Lance Johnson, Feb 24, 2008

I think this is a scam, I heard abouth it at victory christian center in philadlephia. If this is not posted it supports my thought.

#14 by BillyBones, Feb 28, 2008

Dinar were susposed to be "on" the World Bank list by Thanksgiving (I heard it too)...then Christmas...no later than Jan 1,2008, then Feb 1st by the latest. I haven't heard anything else as of yet. Maybe APRIL FOOLS DAY.!!! It's a scam people!! Realize it now and, if you can, get your money or as much of it as you can BACK. Actually, a good investment in Iraqi money would have been to purchase ANCIENT Iraqi/Persian money. If, when you purchased your original Dinars, you would have purchase ancient Persian gold coins..their value would have more than doubled (for me anyway, I bought my dinar in 2004). Too bad FOR ALL OF US!! WE WERE SCAMMED!!

#15 by Freddie Mendez, Mar 6, 2008

If you really want to earn money (millions) plese check this video:
http://jampr.energy526.com

#16 by Jim, Mar 8, 2008

This is a scam, alrady this is beaing sold in Guam.

#17 by dg, Mar 17, 2008

Could the existence of ebay and amazon create the dinar\'s new evaluation without the country of Iraq controlling the currency? Could the sheer number who have purchased the currency outside of Iraq change the way currency is controlled and evaluated, especially with the decline of the US dollar and the increase of Iraq assets in the US and else where from the use of the Iraq oil revenues. Also if the value of the Iraq currency went up, and the people of Iraq suddenly increased their buying power, would the swing of living in Iraq have a new meaning, a meaning of fighting to maintain their own country because of the added value it would now bring, to be a citizen of Iraq? What would it be to participate in the new quality of life, with this higher value of Iraq currency, What would it bring to Iraq, it\'s people?

#18 by BoDIDDLY TOE STOMPER, Mar 18, 2008

I AM IN IRAQ and have been since 2004, the dinar has gone up since the induction of the new dinar, now I have read all of the blogs,\"FACT\" if you have the OLD DINAR you are screwed, but on the other hand the NEW DINAR has already gone up in value since 2004. To the individual that Stated that you can not trade the money anywhere but Iraq, then you need to go to Chase Bank in the USA, they buy it and sell it all day everyday.

#19 by MRC, Apr 4, 2008

TO ALL:
The Iraq Dinar is not a "scam". IT is real currency that the US helped bring about and supported the selling of it in the US.

It has pumped MILLIONS of USD (United States Dollars) into the Country of Iraq...

NOW what might be classified as a scam is "its going to peg! - it will hit the 1=0.33USD exchange that was in history - get rich quick - turn $990USD into $3,000,000.00USD"
Those are comments made and thrown around all the time by dealers and individuals selling the Iraq Dinar Currency.

If you want to invest in Iraq Dinar, do not do it with the intentions of becoming rich overnight and depending on your age, do not say "this is my retirement" - as this may not happen for years to come.

This is a Country that has come along way, but has along way more to come to see the currency at record highs, oh and yes the "oil supply" that every one says they are the largest and produce xxxx amount of barrels a day!!! that does not mean that its going to happen either!

So if you have already invested money in Iraq currency do not get "down" that hit has not "pegged" "cashed" or any other term thrown around... Infact if you want to sell it, you can visit a Chase Bank branch and ask them for the sell price on IQD. It can be sold and purchased at Chase Bank.

#20 by Daisy, Apr 5, 2008

Don't listen to the "naysayers". We lost out on several million dollars when Kuwait revalued their currency, because we listened to the naysayers.

Did you know???

I didn't know! How could we???

Did you know that 47 countries have re-established
their embassies in Iraq?

Did you know that the Iraqi government
currently employs 1.2 million Iraqi people?

Did you know that 3100 schools have been renovated,
364 schools are under rehabilitation,
263 new schools are now under construction
and 38 new schools have been completed in Iraq ?

Did you know that Iraq's higher educational
structure consists of 20 Universities,
46 Institutes or colleges and 4 research centers,
all currently operating?

Did you know that 25 Iraq students departed
for the United States in January 2005
for the re-established Fulbright program?

Did you know that the Iraqi Navy is operational?
They have 5 -100-foot patrol craft, 34 smaller vessels
and a naval infantry regiment.

Did you know that Iraq 's Air Force consists of three operational squadrons, which includes 9 reconnaissance and 3 US C-130 transport aircraft (under Iraqi operational control)
which operate day and night, and will soon add
16 UH-1 helicopters and 4 Bell Jet Rangers?

Did you know that Iraq has a counter-terrorist
unit and a Commando Battalion?

Did you know that the Iraqi Police Service has over 55,000
fully trained and equipped police officers?

Did you know that there are 5 Police Academies in Iraq
that produce over 3500 new officers every 8 weeks?

Did you know there are more than 1100
building projects going on in Iraq?
They include 364 schools, 67 public clinics,
15 hospitals, 83 railroad stations,
22 oil facilities, 93 water facilities
and 69 electrical facilities.

Did you know that 96% of Iraqi children under the age of 5
have received the first 2 series of polio vaccinations?

Did you know that 4.3 million Iraqi children were
enrolled in primary school by mid October?

Did you know that there are 1,192,000
cell phone subscribers in Iraq
and phone use has gone up 158%?

Did you know that Iraq has an independent
media that consists of 75 radio stations,
180 newspapers and 10 television stations?

Did you know that the Baghdad Stock Exchange
opened in June of 2004?

Did you know that 2 candidates in the Iraqi
presidential election had a televised debate recently?

OF COURSE WE DIDN'T KNOW!

WHY DIDN'T WE KNOW?

BECAUSE...

OUR MEDIA WOULDN'T TELL US!

Instead of reflecting our love for our country,
we get photos of flag burning incidents at Abu Ghraib
and people throwing snowballs at the presidential motorcades.

Tragically, the lack of accentuating the positive in Iraq serves two purposes:

It is intended to undermine the world's perception of the United States thus minimizing consequent support, and it is intended to discourage American citizens.

---- Above facts are verifiable on the Department of Defense web site..

......Pass it on!

#21 by tom, Apr 17, 2008

I wonder how much Iraqi dinar was sold outside of the country and what will happen when the investors decide to cash in?

#22 by Les in MI, Apr 20, 2008

Daisy!! That has to be the most insightful and useful bit of actual factual evidence that I have read up on here yet! Thanks for your efforts in typing such a well written article

#23 by Tom, Apr 25, 2008

#2 by Daisy, Sep 11, 2007
Chase Bank in Arizona is selling and buying back Iraqi Dinars.

LOL. Iraq is on the U.S. governments OFAC list. Therefore any business or bank in the United States that is exchanging Dinars is commiting a crime and risking losing their Charter. I really doubt that Chase would take that risk.

#24 by Jesse, May 21, 2008

RE: #25 Tom and #2 Daisy

http://news.bigg.net/n35525-Cash_for_Your_Iraq_Dinar_Now_at_Select_CHASE_Banks_in_USA.html

For better or worse there it is, Chase IS trading dinars.

#25 by Mr Big Dick, May 24, 2008

Well, Well, Well,,,

Kitty Cat Kitty Cat I'm always where the money's at!! And you people should shut up and don't think and put your money where your big fat mouth is. Buy up as much Dinar as you can and sit on it. One day you can take vacation and fly to Iraq and cash in your millions. :)) Dinar is Dinero. Think about it you dweebs. I have 10 million and am buying 1 million per month and kicking back. And when you're sitting around going boo hoo I didn't buy any dinar and I'm broke I will have done flown overseas with your wife and be sleeping with her and entertaining your wife cause I will be multi multi millionaire and can do any damn thing I damn well please. :))

#26 by Lonnie, Jun 4, 2008

They are exchanging Iraqi Dinars and other currencys at Chase Bank here in Dallas Tx as well.

#27 by Dinar Scam, Jun 13, 2008

I was visiting http://www.iraqidinarscam.info/ and referred to your site and excited to see that you covered so much!

#28 by DinarMan, Jun 27, 2008

I have sold millions of dinars and do so daily.
If it was a scam, I clearly won't be involed. It
a HUGE crap shot, and its going in the right direction!
GO BUSH GO, Get'ur done be fore you GO!

#29 by Anubis, Jun 30, 2008

DinarMan

If it is no scam and people can make money the why are you selling yours instead of keeping them.

#30 by Potential Currency Investor, Jul 5, 2008

Wow! A lot of angry and misinformed people. Some of the previous statements were beautifully written and educational (as well as a few of the statements being juvenile and filled with filth that we could have all done without...you know who you are). In any event, it seems to me that this situation boils down to one critical point that no one has addressed thus far. Currency traders sell currency because THEY are gambling on the odds that they are going to MAKE money based on the rates that they are willing to sell whatever currency at that point in time. These rates are influenced by world politics, economics, and a host of other factors that the average layperson doesn\'t take the time to research BEFORE purchasing. Therefore the sellers generally make money or they wouldn\'t be in business very long. Perhaps with the Iraqi dinar the SELLERS are gambling that the currency may become TOTALLY worthless and a new regime install a completely different set of bills/papers/coins etc...thereby making 100% profit because they promised you nothing. However, as a currency investor or buyer, you gamble that the situation in that country or market arena will improve and that there is a glimmer of hope that they will keep that currency and the value of it will increase accordingly. If it does, you made a wise investment (and got lucky). The ONLY REAL way to know whether or not to invest in Iraqi dinars is to research the public financial and investment records of government and diplomatic officials involved in Iraqi politics or Iraqi economic issues to see if THEY ARE PURCHASING these new Iraqi dinars or not! If they are, then you should too. If they are selling them like hotcakes, then you had better dump yours fast or risk getting caught with a lot of worthless paper. Just a few thoughts from a poor little drug dealer in West Virginia, USA.

#31 by Big John, Jul 20, 2008

In seven months of investing the dinars I purchased have gone up in value approximately 10 percent while the dollar has dropped, You tell me is this a good investment or not?

#32 by Reality Check, Jul 20, 2008

The Dinar may make it to 1000:1, but that is about the best you can expect from this dinar.
Anyone who thinks that Iraq can introduce a currency, increase the supply of it to 26 Trillion (over 3 times more than the US dollar, 3 times more than the Euro) and use this currency for almost 5 years now... an then somehow magically increase the value 120,000%... well you know the old sayings.. I've got some land in Florida I'd like to sell you... or maybe a bridge in Brooklyn.
It's amazing how many people involved in this thing don't understand simple economics. Econ 101... supply and demand. The Dollar and the Euro get their value from the the demand that is generated from the size of the economies. The US has a $13 trillion dollar GDP, The Euro countries have a $12 trillion GDP. That makes for a tremendous demand for those currencies. Iraq on the other hand has a GDP of about $90 billion... and almost all of that is from oil sales which are in dollars so it does nothing for the dinar. The Iraqi non oil economy is practically nothig. There is virtually no demand for dinar except for speculators. With a money supply 3 times that of the Euro or Dollar. Iraq would have to have their non oil economy grow to approx 3 times the size of the U.S. or Euro nations (that would be a non oil GDP of about $35 trillion) in order to have the dinar rise to 1:1.
Hopefully you see that is a total farce.
If Iraq wants a rate of 1:1 or anything close, they will issue a new currency and re-denominate. In other words, lop 3 zeros from the currency. For every 1000 of this dinar you have, you will get 1 of the new currency. That is if they don't somehow block money from reentering the country for an exchnage.
Whatever money you have in the Iraqi dinar is at great risk!

#33 by Cynic, Aug 6, 2008

So why are scamming theives like talkgold's okosh, are seeking silly people to buy Iraqi dinars from?

#34 by john tope, Aug 7, 2008

The one item which no one is mentioning is the fact that the USA has invested billions of dollars into Iraq and will continue to..
The US will not let the Iraq mission fail or will the Dinar fail.
The Dinar may not reach 3:1 value but it sure will go up.

#35 by Mike, Aug 7, 2008

After 20 years in the investment banking business I have learned one VERY IMPORTANT lesson: IF IT LOOKS TOO GOOD TO BE TRUE IT'S JUST THAT.... TOO GOOD TO BE TRUE!!!!!

#36 by Daniel, Aug 11, 2008

I can vouch for Chase Bank. They have and ARE selling dinar because I have bought it from them. I paid $998.66 for 1,050,000. They will buy it back and if you dont have an account with them they charge a $5. surcharge. Not a scam just dont be stupid and buy from an online vender that is OBVIOUSLY trying to turn a profit on you. Anywhere you find a Chase that does international currency exchange you can get dinar. The only catch is they do not have it on hand. They give you a reciept and you get it in 48-72 hours.

#37 by Ann, Aug 13, 2008

The same goes for Fifth Third Bank.

#38 by Josh, Aug 14, 2008

ok... uhmm lets start at the beginning ... what are investments a risk right ... . so for everyone who believes this is a get rich scheme then... that would be the only reason no is investing right...?

wrong have you ever turned to a non investor say hey i know something for you to invest in... when they ask why ... you say well in the past...and the conversation ends there....

because if you look at the past wars... like ww2, korea, vietnam, and even desert storm with kuwait... all of this happened its just a matter of how much...

so this is just an investment... investments are risks every single one of them... im not going to lie im looking at this investment very promptly cause its not everyday a country goes to war... and thats why it seems skeptical cause people would be saying well why werent they doing this 6 years ago... simple we weretn at war... so ive said my peace...

#39 by intoronto, Aug 17, 2008

From Forbes to CNN to NT Times etc. there are warning articles re dinar scams and such....in my south american country of Peru I have seen 4 times our currency change names and the older one get destroyed....and it was never so unstable a country as Iraq....It seems the proof of how good or bad an investment is to sell it back to whomever you bought it from and see if they take it and give you back your strong currency! plus I also find sooo fishy all these websites selling dinars with no offices listed nor company info and basic emails......very shady....

#40 by I bought in , Sep 2, 2008

OK I have bought in, bought millions of dinars on the chance that there might be a future value. I have a degree in economics. I hear all the postive (wishfull) thoughts on the subject and listen to all the suth sayers that state that this will turn a corner and be a hit because there value there when it hits the open market. ON THE OTHER HAND. I hear the postings here with details about oil is in US dollars and the volume of dinar out paces much larger economies.

I would like to do two things. First, Get smaller bills. This seems like a safer way to hold my Millions (and cover more wall area in the event of a currency change or devaluation on the open market.)

Secondly, get some independent authoritative details about what is currently going with the economy, monatary policy, US support of the Dinar. Details like this will help me feel more comfortable with my roll of the dice.

Any insight on how to go about this?

By the way I can afford this risk and loosing all that I have gambled here will only make for a good story if it fails to produce a nickle.

Inside Bizcovering

If you're struggling with serious debt, seek expert debt help and learn about various debt solutions like an IVA, debt management or bankruptcy.

An IVA is an alternative to bankruptcy.

Bizcovering
About Us
Terms of Use
Privacy Policy

Services
Submit an Article
Advertise with Us

Contact

The Iraqi Dinar Scam

Accounting

Business

Business and Society

Business Law

E-Commerce

Education and Training

Employment

History

International Business and Trade

Investing

Major Companies

Management

Marketing and Advertising

Opportunities

Real Estate

Small Business