Why Don't They Just "Float" The Iraqi Dinar? - A Comment From A Reader...

Occasionally our readers send us intersting snippets about their opinions and thoughts on the Iraqi Dinar, various currencies, and other world issues. Occasionally we like to post them for you to read. Here's an interesting one we were sent today...

Why don't they just float the Dinar?

When probably every Interntional Monetary Entity has stated that there will be a Global Reset of Currencies....now for what...appx. 2-to-3 years...so what would, or could that IMPLY?...Then at the last G-20 Meeting in Las Cabos, Mexico, an article came out, as well as at or around that same time, whereby the IMF stated basically the same in essence, that.."The Global Economy would be getting a boost or help from the Emerging Market Countries"...or in so many words, there have been many insinuations of this coming...what does any of this IMPLY?...Allright, let's say it does'nt all mean anything...then why wont some just start talking, and tell me what else will work...because, to be able to bash something like the dinar, when you dont know...is ludicrous...

Also, I'm not saying what WILL or WONT work...but it sure is strange, that from looking at this and seeing people bash possibly the only thing that MAY work...to me, and IMO...depicts to me that there are ulterior motives...because you dont spend the time to knock something like this that you cant prove is a loser, while there are too many other things out there that are losers, that your not talking about, that you could be mentioning...UNLESS YOUR TRYING TO DRIVE DINAR ONE WAY OR THE OTHER...EITHER SELL OR BUY BACK...I SEE IT AS NO OTHER REASON TO BE DOING THIS...JUST REMEMBER FOLKS, THERE ARE SPREADS GOING BOTH WAYS ON THE DINAR IF YOU BUY OR SELL, AND THERE ARE MANY OUT THERE, WHO ARE JUST AS CRAFTY IN GETTING YOU TO DUMP AND SELL, AS THERE WERE THOSE THAT WERE DOING THIS TO SELL THEM...AND THEY MAKE APPX. THE SAME SPREAD GOING EITHER WAY...WE CALL EM PUMPERS & DUMPERS...FOR WHAT IT'S WORTH...

Saw An Interesting Discussion Online - Interesting Response - Conspiracy Theory Anyone?

Whats the best place to move after an RV?

As far as financially...?
No place on this earth.

As long as the fed, central banks, illuminati, bilderburgs,
rothschilds exist on this planet -- seriously - unless you're on of THEM,
there is no place safe from these thieves.

No place

Ineresting . Think this guy is wearing a tinfoil hat?

Is The Iraqi Dinar Gaining Value Against The US Dollar?

So you have probably heard about the Iraqi Dinar Currency but what do you know about it? 

I constantly am reading news headlines about the Iraqi Dinar soaring once again in value vs the US Dollar, however how much has it really moved against the dollar? Plus is doesn’t help the Dinar isn’t even a pegged currency on the world market. 

That said various message boards like Investors Iraq, Iraqi Dinar Rumors, and Investors Iraq, just to name a few are constantly touting the Iraqi Dinar as a currency investment that will make you rich. 

That said people have been calling for the “revalue” of the Iraqi Dinar at a 3:1 value with the Dollar meaning for every million of the New Iraqi Dinar someone picks up for $800 - $1200 it will be worth 3 million US Dollars. Sounds too good to be true right?

If you’ve done any research on the topic you may know that the Iraqi Dinar is a currency issued by the country of Iraq, I struggling country I may add. The Iraqi Dinar is not traded on any legitimate Foreign Exchanges, although there are dealers around the world selling it though they are largely unregulated. That doesn’t mean they are not legit nor does it mean the currency you purchase from them is not legit.

It does however mean you should exercise due diligence when purchasing the Iraqi Dinar if you choose to do so.

If there’s no market for this currency that most investors would recognize as a regulated exchange forum what does that mean actually? How is the value rising if there’s no official legitimate market?

These press releases I’m talking about aren’t released from the AP or any well established or well known news organization, they are issued by Dinar sellers like Sterling Currency Group LLC or Tampa Dinar. They are issue by currency dealers launching blogs on the topic. It’s generally noticed on the bottom of a press release who is releasing it.

These releases are generally “somewhat” oriented in the area of “investor protection” but more so pushing their product / service to customers. It’s more an advertisement disguised as a press release.

One thing that investors should consider before making a purchase, in addition to Iraq’s Political climate, economic climate, and security concerns as a country, as well as the general volatility in world markets, especially world currency markets. Investors should also be assessing their tolerance for risk as rates fluctuate on a daily basis, because of the instability in the region the Iraqi Dinar could fall apart and go to zero, or it’s possible it will never be a widely exchangeable currency leaving you no option but to sell it back to that very dealer who sold it to you at a substantially reduced rate.

Unlike Forex markets purchasing hard currency ie actually you buying the physical foreign currency  you can hold in your hand is always going to have higher markups than buying on the electronic forex markets. Anyone who plans on purchasing any physical currency, but especially so with the Iraqi Dinar, should do their due diligence before dipping their foot into this untraditional market.

As with any industry there are unreliable dealers and scammers out there. To avoid being a victim of a scam anyone considering investing in the Iraqi Dinar should spend some time researching the dealers. Before making a purchase. Here are some things to consider…

1. Do they sell authentic notes with a Certificate Of Authenticity

2. Do they show you how to, and encourage you to check your notes yourself to verify them as authentic and not just take their COA and their word for it?

3. Do they Buy as well as sell Currency?

4. Are they Treasury Registered?

5. Do they have a history of satisfied customers or a high ebay rating score?

Iraqi Dinar Prices Are DROPPING!!!! Dealers Lowering Prices

It's no secret that ever since Dinar Trade came back on the scene prices of the Iraqi Dinar have been dropping.

Where as a few months ago most sellers were selling for well over $1100 today prices have dropped dramatically. It seems for a while $1040 became the new norm in terms of price for most of the larger more recognized dealers however prices have continued to drop even lower which could make it a great time to buy more Dinar.

Currently prices have been dropping even further with BuyIraqiDinarHere.Com running a special for $999 for one million dinar and TampaDinar.Com is also running a special at only a dollar more at $1000 per million Dinar.

Prices have dropped substantially in the past few months. We'll have to watch and see if they continue to drop even further.

7 Quick & Easy Steps To Authenticate Your New Iraqi Dinar

Here are 7 quick and easy steps to help you authenticate your New Iraqi Dinar

1) One of the easiest ways to identify an authentic Iraqi Dinar note is to take the bill between your fingers  and search for “texture” … a copy will have none. Raised ink on a bill is a unique ink and process that requires heat to activate. This is an extra step in the printing process most counterfitters will not do.

2) Hold it up to the light and find the horse’s head watermark on the right of the bill, on a 25,000 NID note.

3) Search for the foil strip/thread usually about 40% from left edge. Similar to foil strips on other world currencies.

4) Tilt the bill toward you,  until it is flat and follow the foil strip from the previous step. You should see metallic ink in small rectangles and even intervals down the backside

5) Keep the bill still tipped, move your eyes to the right side of the bill and find a silver dove (looks like a mustache) nearest to you which is a second metallic ink feature.

6) Straight below the bill from the dove, at the bottom of the bill is a webbed button … tilt or pivot the bill back and forth slightly and verify the color changing ink feature

7) Place the back of the bill under a black light/UV light and a small postage stamp area will glow in what looks to be a bush at about the upper right 1/3 margin. You can buy speciality black light pens from Amazon or Ebay or a regular black light bulb you can pick up at a hardware store or Walgreens will work as well.

Follow these simple steps and you can authenticate your Iraqi Dinar quickly and easily and have the peace of mind of knowing your not holding counterfeit notes.

Authenticating The New Iraqi Dinar Is Easy - Learn How To Spot Counterfeits

If you buy Iraqi Dinar it's worthwhile to know how to authenticate them to make sure you're not getting any counterfeit notes from your dealer. You need to make sure that your seller authenticates all notes prior to shipping them to you, that's very important.
Why stop there though, wouldn't you rather know for certain and know for yourelf your holding authentic Iraqi Dinar notes. Learning to authenticate the Iraqi Dinar notes you buy and/or are holding is quick, easy and something everyone should know how to do.

Normally authenticating Iraqi Dinar is done by a De La Rue machine. Many dealers own these machines. Smaller dealers sometimes may not have their own but their suppliers most likely do. If you have no gurantee that your dinars are authentic then you shouldn't buy from that seller or dealer. To make sure to steer clear of counterfiets you must find a reliable and trusted supplier and one who gurantees your notes are authentic.

Thus far, counterfeit Dinar hasn't been much of a concern or issue apart from a case reported back in 2004 in Eastern Europe. As the dinar is released in larger volumes however and begins to circulate the world there is a danger counterfitters could start flooding the currency markets with their counterfeit dinar.

Currently no one really knows exactly how many fake dinars are circulating the world if any at all however it is important to practice due diligance and make sure you are getting the real McCoy. 

So now you're probably wondering how do I pick out fake Dinar from the real Dinar?

Fake Dinar Could Possibly Be Missing These Features...

1. Security Thread
2. Raised Letters
3. Watermark
4. Metallic Ink
5. Not Glow Under UV light aka black light.

Buying Currency in Iraq: A bargain or not?

If you do an Internet search for companies that trade in currency, you may be surprised to find that there are dozens, if not hundreds, of web sites dedicated to promoting the purchase of the Iraqi currency. Many of them tout it as a get rich quick scheme. Others say that it is a patriotic way to support the new democracy of the Iraqi people and their government. Still others base their marketing on the notion that buying the Iraqi currency (the dinar) is like buying a penny stock – it is so cheap that you can afford to buy huge quantities, so that even a slight increase in value will guarantee huge yields on your original investment. But buyers beware, because there is no proof that the dinar will make a comeback anytime soon.

Here are a few things for would-be investors to consider before venturing into ownership of the dinar. First of all, there is still no official and organized market for trading the Iraqi currency. This means that even if you want to buy and sell the dinar as a currency trader, there is no way to ensure that you will be able to find a market for it. Without buyers and sellers coming together in an organized fashion, the currency lacks liquidity – if you need to sell your dinars to convert them to dollars, you may have to wait days, weeks, or months to find a buyer to take them off your hands. And without such liquidity, those who broker the notes will be taking big commissions, to make it worth their while. All of these things will factor into your ability to make a profit from trading the currency.

Many who advertise sales of the dinar will not buy the same currency. That should make you somewhat skeptical, because if it is such a good deal, traders would not only sell dinars, but also be interested in purchasing them. And they claim that even a fraction of an upward movement in the currency can make you a millionaire. That may be true, but it is no insurance that the currency will go up. And meanwhile, currencies of other, more economically stable countries in the world – like Turkey, for instance – are cheaper to buy that the dinar, so why not invest in those currencies instead? The fact is that Iraq’s economic outlook is bleak, and the possibility of making huge profits by buying and selling the dinar remain slim – at least for now.

Of course if you want to show your support for the country – and buy a souvenir for your grandchildren in the process – there is nothing at all wrong with buying dinar notes, as many of them as you want. They are very inexpensive – you can buy them for pennies – and they have some historical value as keepsakes from an interesting time in the long story of Iraq’s civilization. But to buy them strictly upon their upside price potential is another thing altogether, and the inherent risk of such a purchase makes it more of a gamble than an investment.