Dinar is a Sinking Ship! Get Off the Boat Before It’s Too Late

Dinar vs us dollar

Unwitting buyers throughout the world are still being sold the Iraqi dinar, a currency note that was first introduced in 1932. Though the currency is losing value to the American dollar and the country is still in trouble both economically and politically, the Iraq currency is still being traded, dinar into dollars, though not on any legitimate foreign exchange.

Dubbed a get rich quick scheme, buyers are snatching up the dinar into dollars paper believing the tale that the Iraqi government will revalue the currency in favor of dinar, so people keep buying more questionable notes. The value of dinar to us dollar plunged in the last few months from 1,200 to 1,300, which shows that the dinar into dollars dropping value represents higher inflation within the war torn country. In December 2011, the last U.S. troop left Iraq, ending a 9 year war. Still, violence continues within the country and more than 500 people have died in Iraq due to violence in recent months.

For Iraq currency investors, this means that they are essentially holding money that continues to decrease in value and worth. If you put it into layman’s terms, a pile of dinar is like having a rusted out car in your driveway. It may still work, but not for long, and things are not looking good for its future. Former Iraqi president Adil Abdul Mahdi resigned with a bad economic policy rap. Dinar into dollars demand as of late has widened the gap between supply and demand, at a rate of about $60M per day. Would Iraqis prefer Iraq currency? Yes, because their Iraq currency is worth less and they have virtually no purchasing power. This unstable economy will continue as long as their is no confidence in dinar.

Iraq currency investors should find out what the dinar is selling for at market. In a strong market there will be an active exchange on either side of the trade. There are dealers turning dinar into dollars, but what will they charge to buy back the currency? Today, you can buy thousands of dinars for just a few dollars. But don’t look for a great windfall. There is only a very small chance of appreciation. These notes will likely continue to devalue and the Iraqi economy will continue to suffer. Don’t be a part of the misery. Visit here for more information.

Comments

Posted On
Nov 05, 2013
Posted By
Victor Foster

I’m a currency enthusiast. What I mean is, I enjoy having money! Lol Following up on the news of the dinar only encouraged me to cut my losses.

Posted On
Mar 03, 2014
Posted By
Perry Butler

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Apr 02, 2014
Posted By
Oscar Hernandez

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
May 02, 2014
Posted By
Andy Dawson

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Jun 01, 2014
Posted By
Andre Frazier

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Jul 01, 2014
Posted By
Lloyd Moreno

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Jul 31, 2014
Posted By
Lawrence Stevens

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Aug 30, 2014
Posted By
Casy Munoz

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Sep 29, 2014
Posted By
Jack Ford

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Oct 29, 2014
Posted By
Bill Lucas

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Nov 28, 2014
Posted By
Jessie Neal

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Jan 27, 2015
Posted By
Barry Chavez

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Feb 26, 2015
Posted By
Isabella Miles

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Mar 28, 2015
Posted By
Jesse Chanler

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Apr 27, 2015
Posted By
Peyton Williamson

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
May 27, 2015
Posted By
Edgar Scott

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Jun 26, 2015
Posted By
Julian Byrd

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Posted On
Jul 26, 2015
Posted By
Ramon Griffin

I know the dinar is not going to charge back ahead as this article indicates. That’s why I took my money and ran. This is a currency not worthy of investment.

Leave a Reply

You must be logged in to post a comment.