these are not the old dinars those are now worthless.. these are the new ones that have water marks, certain types of inks much like the american dollar..
my uncle has been following this for a year and has invested as has most of my family.. dinartrader is not a scam, they are completely legit, and there is even a thing from cnn on it..when i go to sell these i have to go in person and they check them for the security features. ya its risky but if you really think about it.. iraq has to have a form of money and they have to set a value at it, iraq is also the 3rd largest proven natural oil reserves in the world. already from following the news there are a group of international oil companies already trying to get contracts to drill in iraq for oil..
i dont gamble, i dont do investments but i figured 810 bucks back when i had a savings account was worth it to take the chance on it.
the the rules changed with the iraq bank and the laws about investing into iraq i think last year.. so either way this has to happen and even if i only make a few grand more then the 810 i invested then it was worth it. or i just hold onto the dinars untill iraq is up and running and has a big exchange rate from all the oil..
but like i said this has to happen for the country to be able to be a country and run it self. they have to have a exchange rate and value set for their money..
dinartrade when they send you the dinars send you paper work proving that your dinars are real brand new dinars.. like said above dinartrade is legit, check their site out for the cnn news interview it should be on the latest news page...
now, i know people would be buying different things. im not buying a 250k dollar sports car.. first off is buying this house, then the next day buy a new mustang and a truck and a new quad oh and a bike.. then im investing into a duplex and some land that in the next 10 years is going to be swallowed up by lago vista as business property that i could sell for 2 times what i paid for it and have a place to ride my quad and camp whenever i want untill i sell it..
if the return comes in for me at 1.5 million which would be 2% exchange rate. ive spoken to my bank and talked to their financial advisor. i can invest 1 million to the bank, i wont loose the money.. but the bank will use it to make money and i get a "paycheck" of 9 grand a month for as long as i let the bank have that million.. im not expecting that much money but i know they the odds of iraq setting the value of thier money at less then a dollar to dollar ratio with american money is unlikely odds are its going to be at. a value of 1 dinar = 2 bucks american, and it wont be more then the countries surrounding iraq.. look at the dollar to dollar value of the countries around iraq
Saudi Arabia $1 = 3.69 Riyal
United Arab Emirates $1 = 3.67 Dirham
Kuwait $1 = 0.267 KWD
Afghanistan $1 = 43.40AFN
Iraq $1 = 1168 Iraqi Dinars
now if you have 1 million dinars and the value of the dinar is raised by 1 cent you just made 10 grand for less then 1200 american on the investment..here is the return for a million dinar investment..
here are 2 things from the questions part of dinartrade.com
Q: Are you registered Department of Treasury?
A: We are registered with the Department of Treasury as a money service business since April of 2004 please click here to verify our registrations. All our Iraq dinars are imported legally with Fincen 105 filed with the U.S Customs.
Q: How do I know my Dinar is genuine?
A: The New Iraqi Dinar has been designed to be incredibly difficult to counterfeit. With security features including watermarks, color changing elements, metallic ink, a security thread and an imbedded ultraviolet image, the New Iraq Dinar has more security features than the new 20 dollar bill.
Potential Value increase of a 1 Million Iraqi Dinar holding
If the value of Iraqi Dinar increases to:
The resulting value of your 1,000,000 Dinar would be:
$0.01 ----$10,000
$0.10 ----$100,000
$0.20 ----$200,000
$0.50 ----$500,000
$1.00-----$1,000,000
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