- published: 04 Sep 2016
- views: 902
The Dinar (Arabic pronunciation: [diːˈnɑːr]) (Arabic: دينار, [(sign: د.ع; code: IQD) is the currency of Iraq. It is issued by the Central Bank of Iraq and is subdivided into 1,000 fils (فلس), although inflation has rendered the fils obsolete.
The dinar was introduced into circulation in 1932, by replacing the Indian Rupee, which had been the official currency since the British occupation of the country in World War I, at a rate of 1 dinar = 11 rupees. The dinar was pegged at par with the British Pound until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of 1 dinar = 2.8 dollars. By not following the devaluations of the U.S. currency in 1971 and 1973, the dinar rose to a value of US$3.3778, before a 5 percent devaluation reduced the value of the dinar to US$3.2169, a rate which remained until the Gulf War, although in late 1989, the black market rate was reported at five to six times higher (3 dinars for US$1) than the official rate.
The Iraqi Dinar has revalued. This video discusses the RV (revaluation) of the IQD. See the links below for all of the information. http://www.scribd.com/doc/68906187/Dinar-Fact-Sheet-UST-0711 http://www.imf.org/external/pubs/ft/scr/2011/cr1175.pdf (page 54) http://www.xe.com/currencycharts/?from=IQD&to;=USD&view;=10Y http://www.wallstreetdaily.com/2012/02/27/three-currencies-ready-for-a-huge-revaluation/ http://www.tradingeconomics.com/iraq/inflation-cpi https://www.wsws.org/en/articles/2005/07/yuan-j29.html
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A quick review of what people in law enforcement, the investment community, banking, government agencies, and the BBB have said about the dinar. https://iraqcurrencywatch.com/scam-5313/ http://www.forbes.com/sites/jayadkisson/2012/07/30/you-cant-fix-stupid-the-iraqi-dinar-scam-lives/ http://www.dfi.wa.gov/consumers/alerts/iraqi-dinar-scams.htm http://www.bbb.org/phoenix/migration/bbb-warnings/2012/08/iraqi-dinar-investments-opportunity-or-scam/ https://wdfi.org/newsroom/press/2011/InvestorAlertFromDFI-Aug2011.pdf http://www.daveramsey.com/index.cfm?event=askdave/&intContentItemId;=116279 http://www.sltrib.com/sltrib/money/50960272-79/fraud-investment-utah-state.html.csp http://www.kjrh.com/news/problem-solvers/there-are-lots-of-places-selling-the-dinar-but-is-it-a-good-investment-fo...
http://americancontractor.com Central Bank of Iraq has New plans for the Iraqi Dinar in 2016 There will be a devaluation in 2016. The Central Bank has already made the decision. Follow me on Facebook: https://www.facebook.com/contractorus/ Follow me on Twitter: https://twitter.com/contractorus Text/SMS: +1 931 444 7110
Disclaimer: This video is for entertainment, informational and educational purposes only just simply my thought's and opinions regarding the matter. Please keep in mind it is up to everyone to please do his/her own homework and research into the matter being discussed. This is not to be construed as legal advice please if you need to seek a competent professional please do so at your own leisure! DorseysResource channel does not assume any liability for any misuse of this information. I own the rights to this video and I reserve all my rights pursuant to [UCC 1-308] codified in reference to [MCL 440.1308]
http://goo.gl/K3pjWw - We have been hearing from the different dinar gurus that Iraq is about to revalue their currency, that everything is done, we have also heard numerous fake bank stories that just don't add up. Now, Iraq is in such bad shape that they have requested, and will now receive a $5 billion loan from the International Monetary Fund. Read more by visiting the article - http://goo.gl/K3pjWw Follow me here: http://www.nickgiammarino.com/ Google+ https://plus.google.com/+GlobalcurrencyresetNet/posts Twitter - https://twitter.com/globalresetguy Facebook - https://www.facebook.com/theglobalcurrencyreset YouTube - https://www.youtube.com/user/globalcurrencyreset/videos Twitter - https://twitter.com/dinarrvnews Facebook - https://www.facebook.com/dinarrvnews Blog - http:...
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https://goo.gl/OcC46U The new 100,000 Iraqi Dinar banknote is being produced and tested. It will be released, however, there are some concerns about it. Here is a translated document going over the new banknote: http://dinarrvnews.net/translated-experts-presenting-100-thousand-dinar-banknote-would-increase-prices-inflation/ http://www.scoop.it/t/iraqidinar/p/4069273479/2016/09/18/100-000-iraqi-dinar-banknotes-will-increase-prices-inflation http://www.nickgiammarino.com/ #iraqidinar https://en.wikipedia.org/wiki/Central_Bank_of_Iraq and http://www.cbi.iq/ Scoop It - http://www.scoop.it/t/iraqidinar Storify - https://storify.com/iraqidinar Dinar Twitter - https://twitter.com/dinarrvnews Dinar Facebook - https://www.facebook.com/dinarrvnews Dinar Blogpot - http://dinarrvnews.blogs...
Inside a $24 million investment scam: Buy the Iraqi dinar Andrea Day | @AndreaDay CNBC CRIME AND PUNISHMENT a group of men behind an Iraqi currency scheme created a pitch that included war hero tales to lure potential investors. "You have someone who is out there ... who is soliciting millions and millions of dollars from people just making stuff up," said Steven Dettelbach, U.S. attorney for the Northern District of Ohio. The opportunity was pitched as a way to profit from a nearly worthless Iraqi dinar. Scammers promised profits were nearly guaranteed if investors bought dinars at today's values, and then exchanged the dinars back for dollars at a later date once the dinar exchange rate presumably improved. Investors bought the currency through the firm BH Group, which charged a 20 pe...