Iraqi Denar – Bad Investment!
February 18th, 2008 at 10:17pm Under Iraqi Denar
I found a great site today that dispels the myth of investing in Iraq’s new currency and does so in one page. The site, Iraqi-Denar.info lists comment statements used by dealers in support of the Dinar and then offers the other side so you’ll understand what is really going on!
Dealers are going crazy trying to convince buyers that the Iraqi Denar will make them millions and showing a document that was sent to them from the U.S. Government approving their website for the purpose of selling dinar.
This is simply a document that anyone selling an amount of currency (I think $1000 or more) must fill out by law. In fact, you can fill it out even if you are not selling currency. They send you back a document stating that you have registered with them, but it means nothing more than that!
There is NO approval process but many dealers trying to scam you will display this document and try to imply that they have the government’s belling on selling currency. If you see such propaganda, you now know to WATCH OUT!
Be safe, buy from your local bank and don’t let the Dealers tell you that banks don’t sell Iraqi Denar!
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