US Dollar To Iraqi Dinar Today's Rate 【$ 1 = IQD 】 USD/IQD - Mataf

I was first introduced to the Iraqi dinar scam by a friend of mine who asked me if it was a good investment several years ago. They promise that the dinar, which currently trades at about 1, to the U. They usually promise returns of several thousand percent when you buy dinar.

The promoters get away with what they do because, as long as you are not selling the dinar, you can pretty much say anything you want about it. The connections between the dealers and the promoters are usually hidden behind false names and corporate shells.

For example, there is a large dealer here in my local area owned by the wife of a popular dinar promoter who goes by an online pseudonym.

Buy Iraqi Dinar at Best Foreign Currency Exchange Rate

Hidden relationships like this are more common in this scam than you might think. Very few have been shut down by the FTC or SEC, and I expect that will remain the case in the future.

Currencies are not stocks: If Iraq were a company and the dinar was a stock this would be true, however, oil exporters work very hard to prevent their currencies from appreciating. Iraq wants economic growth, not currency growth.

Much more often they experience the opposite: If it did, how could South Korea, Indonesia, Madagascar, or Vietnam be such large exporters of consumer goods? Financial Market Data powered by FinancialContent Services, Inc.

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