From January 5, 2003, to May 19, 2007, the KD was pegged to the US dollar by decree. Sheikh Salem Abdulaziz al-Sabah announced a parity between the KD exchange rate and the US dollar on January 1, 2003, which corresponds to Sunday the 5th, 2003. The exchange rate was set at $2.9963 (FIL) per dollar, representing a margin of 3.5%.
So more read about the UAE Dinar guru scams.
Exchange rate of the Iraqi dinar
The exchange rate of the Iraqi dinar has been fixed since 2008, with some bumps along the way. The kd exchange rate was established on the basis of the same principles and considerations adopted by the CBK to determine the exchange rate under the previous basket system to ensure smooth changes in the basket peg and dollar peg.
Suppose, for example, that the Iraqi dinar exchange rate (IQD / USD) is 11.60 Iraqi dinars to the US dollar. If you invest $1,000 in Iraqi dinars at this rate, you would receive 11.6 million Iraqi dinars. Similarly, the Kuwaiti dinar in Saudi Arabian rial is worth about $3.50, or about 26 US cents.
By investing in the Iraqi currency, the dinar, you can become rich. The old Dinar was worth about $3.20 before the embargo by the United Nations following the 1990 Iraqi invasion of Kuwait. Advocates of dinar investment argue that the Iraqi currency will one day appreciate against the US dollar.
For all the latest news, rumors, and speculation about the appreciation of the Iraqi dinar, this blog is the place to be. Anyone who follows this blog will know the latest trends in banking, investment, and finance. This blog offers free investment advice and a Dinar Veterinary section where many active users ask and answer questions about the Iraqi Dinar.
They provide a wealth of information through posts and articles and it is an interactive blog. This blog has been around for a while and it provides sound information. The blog Iraqi Dinar is a great source of information, news and facts about the Iraqi Dinar, the reassessment of the Iraqi economy and politics.
Investment banking and finance in the Iraqi dinar
It is a blog where you can learn a lot about investment banking and finance in the Iraqi dinar. It brings the best stories and rumors from all the major Iraqi dinar forums. The Dinar Recaps has a large archive of informative articles that you can view.
Here is my review of the site, which contains links that I recommend you take a look at. If you are in a hurry to buy dinar notes (Iraqi currency), please read this review and my guide to the Iraqi dinar. Google searches for “Wealth Watch World Forum” if you are interested in forums and websites.
Many dinar gurus and websites publish the same news from the same failed sources day in, day out. If there is a CNN report on Dinar today, you missed it because you focused on the wrong source. There are some dinar gurus you should listen to but not follow.
Much of the information they provide comes from various dinar gurus who post on various forums and in regular conference calls. I like that Dinar recapitulates more than Dinar Guru, but you can have comments on each recapitulating. Since they control their own page and moderate the comments on their page, it is easy for them to block anything negative from their in-house gurus.
Using Twitter allows us to communicate within minutes how many people in the Dinar community post daily or hourly. We will not be sending out tweets after midnight Eastern Time (10 am ET). The blog summaries are fully loaded and updated at regular intervals.
This page tends to publish a lot of conference calls with links to actual calls and chat room messages. It has a lot of new information on my site with breaking news, but it doesn’t seem to revive the information that other sites have published, at least not so much. This page does not focus on new TNT, but on information from the CBI (Central Bank of Iraq) updates.
This site seems to be a very well-designed site. They publish a lot of dinar guru info, but at this point, you are pretty limited in what you can talk about.
If a dinar guru promises exaggerated or astronomical returns on a measly investment, they are probably a scam. If they promote their agents and their companies through unofficial telephone marketing, Internet banner advertising, or established communications media, then they are probably also a scam.
It helps that established financial institutions like Bank of America do not offer foreign exchange trading in Iraqi dinars because the Iraqi economy is so volatile. It is not illegal to invest in the dinar currency, but it is another way for fraudsters like the dinar guru to persuade people to invest with a safe investment.
Like most types of financial fraud, dinar gurus use certain techniques to defraud people of their hard-earned money with investments that are certainly lucrative. According to Joseph Borg, director of the Alabama Securities Commission, “Dinar dealers do not have to register to sell money or investments, and even if they do, it is against the law to provide any guarantees about the future performance of the investments.
Hopes that Iraq’s economy will recover from civil wars and regional wars have led to speculation that the Iraqi dinar will appreciate against the dollar. As a result, high-frequency trading does not trade the currency in either IQD or USD, and foreign exchange markets are virtually non-existent. Major banks and brokers do not offer trading in both currencies or pair transactions, and those that place money on exchanges charge hefty fees.
Information Seeking Victims Information Sterling Currency Group Iraqi Dinar Investment Investigation seeks victim information about the sterling currency group Iraqi Dinar Investment Investigation through a questionnaire aimed at individuals who have invested in the group
Dinar chronicles, Like other investors in the long-term dinar program, Kotseos hoped that Trump and the Iraqi government would revalue the dinar, increasing its current value from under $0.001 to $3 or $4. She says that the buy-in costs between $5,000 and $10,000 for her and her husband, even including a cut from the company that sold them the Iraqi dinar. Supporters of the dinar claim that this mythical event has been taking place for decades.
Tim Jones, an Albertville resident with a house full of children, told WHNT News 19 that as a child he thought he was paying $1,000 for 750,000 Iraqi dinars. But the reassessment did not make him question whether his friends and fellow believers had made the wrong choice.