Do you think the Dinar is going to be worth more in the near future?

Jump to Last Post 1-4 of 4 discussions (4 posts)
  1. mikielikie profile image65
    mikielikieposted 5 years ago

    Do you think the Dinar is going to be worth more in the near future?

    A friend from work was in the Army and exchanged about $30 American for 34890.3 dinar when he was there and now he says that the Dinar is going to be worth a lot more. Anyone hear about this? Scam maybe???

  2. scottcgruber profile image78
    scottcgruberposted 5 years ago

    Assuming you mean the Iraqi Dinar, the exchange rate sounds right. $30 _US is worth 34,889.81 Iraqi Dinar today:
    http://www.xe.com/ucc/convert/?Amount=3 … #converter

    The Iraqi government has been considering a revaluation of the Dinar for some time now, and investors around the world have been buying up Dinars in anticipation. The GOI's current plan is to raise the value of the Dinar by about 15%, which would give your friend a $3.50 return on his investment.

    It's not a scam - currency trading is a legitimate form of investment. Banks and hedge funds do it all the time. But a quick Google search shows that there are a lot of sites offering Dinar exchanges - probably for a hety fee. I'd be wary of these, as there likely are a lot of scammers trying to capitalize on Dinar exchanges.

  3. Charles Patterson profile image60
    Charles Pattersonposted 5 years ago

    No it will not be worth more in the near or late future. The BBB has received many complaints for investment scams involving the Iraqi Dinar. The Dinar can only be redeem in Iraq because exchange houses and banks can't and won't convert it into U.S. dollars. It's not even on the exchange. Your friend may have the actual Dinar if someone in Iraq sold it to him, because most exchange website only give you a paper or certificate of your purchase, while they keep your dinars in a vault or don't even have them.

    Also, the Iraq government has to borrow $100 million per year to provide basic services. There will be no revaluation anytime soon. The Dinar was suppose to revaluate last September, which it didn't.

  4. tamarawilhite profile image93
    tamarawilhiteposted 2 years ago

    No, this is pure currency speculation. You might as well invest (and most people lose) directly in Forex.

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)