I asked this on investing but didn't really get much feedback. I didn't know this sub existed or i would of came here first. My brother recently started a new job at the local pizza place and the owner has been talking up the dinar to him for a while. Apparently the owner has at least 10k in dinar and most likely more. My brother recently bought about $800 worth of dinar and wants to get more. My worries are that my brothers boss is hyping up the dinar and my brother is getting bad info from him and letting that cloud his judgement. Im not an investor and when i tried to do some research into this i felt like i was just spinning wheels. https://www.investopedia.com/terms/forex/i/iqd-iraqi-dinar.asp was the best article i could find. I can safely say that however he's getting the dinar is legit and he's not getting scammed that way. I've read a few articles that claim dinar investors are "just dumb trump supporters" buying into a scheme. Other articles are by "Dinarians" who've been waiting over a decade for something that's coming any day now. According to the article people are confusing re-denomination with reevaluation and that if Iraq re-denominates then any investment will basically be worthless. I've read some claims from people and my brother has said that if they do re-denominate that they will still come out ahead. Is that possible? How does that work? Is my brother wasting his money? I cant and wont fault him for taking a gamble on something that could pan out in the future even if it turns out to be a huge loss but if he's going on bad information from his boss (a pizza maker not an investor) who's over-hyping this dinar scheme i wanna stop him before he gets anymore. Edit: He's buying his dinar online and getting an envelope of 5000 IQD notes. Also hes 19 lol.
What Foreign Paper to Buy and Hold Short or Long that's Actually Worth it and not a Scam?
Hello Team Forex, TLDR; What foreign currency, with what event, like war, or troops pull out, or a country's central bank to take over their currency and then revalue and go way up, much like what happened to the Kuwaiti Dinar? I'm aware of the scams on buying various foreign paper, and I'm also aware of the issue of paying USD for foreign paper, and when you need to cash out, you lose to rate of exchange and inflation of the USD. That your better off at trading online, and doing it within minutes, hours or days at the most. I know that the idea behind buying the IQD, Dong, Won, Rupiahs, Yuan, and Iranian Rials is that the currency is considered undervalued if not artificially manipulated to be low. And that one day it will be revalued, so if you bought at equivalent of fractions of 0.0001 USD cent, and its revalued at $2.50USD equal at the exchange, then poof you're an instant multi-millionaire. It's all a matter of the likelyhood, the potential reality, and just when will which one of these undervalued foreign currencies will actually revalue, and enough so as to get past inflation, rate of exchange, and wind up well past break even. So the question is, looking for one of the foreign currencies I mentioned, what event, like war, or troops pull out, or a countries central bank to take over their currency from a foreign occupier, etc will allow that currency to ability to then revalue and go way up, much like what happened to the Kuwaiti Dinar? Thank you
The Iraqi Dinar (IQD) exchange rates represented on this page are live, updated every minute within the forex market's trading hours of 22:00 Sunday through 21:00 Friday GMT. Use links provided ... USD IQD - Rates, Converter, Historical data and forecast for the US Dollar - Iraqi Dinar. In finance, an USD to IQD exchange rate is the US Dollar to >Iraqi Dinar rate at which US Dollar to Iraqi Dinar will be exchanged for another. It is also regarded as the value of USD to IQD in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for each US$1 or that US$1 will be exchanged for ... Iraq Dinars (IQD) Forex Price Quotes. The Forex Metals Rates page contains cross-rates for different precious metals. The Forex Metals Rates page is updated throughout the trading day with new price information, as indicated by a "flash" on the fields with new data. Forex prices are delayed 10 minutes, per exchange rules, and trade times are listed in CST. Note: Hours for a Forex trading day ... View the reciprocal forex rates chart (Iraqi Dinar - IQD / US Dollar - USD) by tapping the link near the symbol (USDIQD). You can customize the forex quotes table below to display your favourite currency pairs. Just choose "manage favourites" in under the "Select Currencies" menu. Symbol Bid Ask High Low Open Change Time; Major Pairs US Dollar Pairs Euro British Pound Swiss Franc Japanese Yen ...
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