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When will Iraq revalue the Dinar
Sep
7
2011
I got a few extra bucks that I want to invest and get rich really quick from it.
I heard some people talking about investing money in Iraqi Dinars.
You give your money to some people, they charge you a fee and then they ship you your Iraqi money.
When Iraq revalues the money that Bush revalued down before the war, to mess them up big times, people who are holding this money will be rich as sin.
I just want to know when they are going to revalue the money so I know when I can leave my wife.
Tags: currency, scam, speculation, valuation
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Answer #1
There has been talk on a number of websites, mainly those marketing or selling Iraqi Dinar investment opportunities, of the central bank of Iraq, or some other party, revaluing thier currency, to such an extreme that the holders of the Iraqi Dinars would see the value of their holdings increase many times over.
Most central banks take great steps to prevent major shifts in the value of their currency as it is compared to major trading partners and other benchmark currencies.
There is no indication that the Iraqi currency is going to see an unnatural massive rise in value.
It is very unlikely you would get rich from this sort of investment or even make any money period.
This site has some great information: http://www.iraqidinar.org/