#Iraqi Dinar business

[dinaritexch]

My Iraqi Dinar Buying Experience: A Success Story

I sit at my desk in Maryland with a cup of coffee by my side and glance at the stacks of Iraqi dinar notes in front of me. These aren’t just banknotes; they are a symbol of a journey I started years ago – a journey of nervous first steps, steep learning curves and ultimately success.

Just a few years ago, I was a cautious investor who hesitated to venture out of the comfort zone of stocks and bonds.  Today, I’m the owner of a thriving online business selling Iraqi currency. My story isn’t just about buying Iraqi dinars; it’s about how one calculated risk changed my whole perspective on investing and opened doors I never knew existed.

The Spark of Curiosity

My journey started on a Sunday morning while browsing financial news. An article about the revaluation of the Iraqi dinar caught my eye. I was curious about the potential returns. I dug deeper into this Middle Eastern currency.

The more I learned, the more hooked I became. Iraq’s history, oil reserves, and economic reconstruction efforts seem to point to future growth. But I also found warnings about scams and the risks of speculative currency investing.

I was torn between excitement and caution, so I decided to take a calculated risk. I started small – just enough to get my feet wet without risking my financial stability. Little did I know this would set me on a path to becoming an expert in a niche market.

I took the plunge: My first purchase

After weeks of research and deliberation, I finally decided to make my first purchase. I remember my heart racing as I went to a reputable online currency exchange. With sweaty palms, I clicked the “Buy” button and exchanged a small amount of US dollars for 100,000 Iraqi dinars.

The transaction was easy but as I waited for my physical banknotes to arrive I was getting anxious. Questions swirled in my head: Had I made a huge mistake? What if the Dinar never appreciates? What would I do with all this foreign currency?

When the package arrived I carefully looked at the notes and was amazed by the designs and denominations. Despite my doubts I was holding physical currency in my hands and it felt more real and exciting.

Getting educated: Understanding currency fluctuations

With my first investment in place, I began learning everything I could about currency markets, especially the Iraqi dinar. I followed geopolitical news, tracked global oil prices, and studied Iraq’s economic policies.

I soon found out the value of the dinar was influenced by a complex web of factors:

Political stability in Iraq

Global oil prices

Iraq’s economic policies and reforms

International trade relations

Regional conflicts and their impact on Iraq

Monitoring the dinar’s exchange rate became a daily habit. By keeping detailed records, I started to see patterns and develop strategies to navigate this crazy market.

Riding the storm: Dealing with depreciation

My early days as a dinar investor weren’t without challenges. Just months after I made my first purchase, I watched in horror as the dinar’s value against the dollar started to go down. The depreciation was slow but steady, eating away at my investment.

I panicked – had I been scammed? Was my money gone? I wanted to sell everything and cut my losses but forced myself to be objective.

I went back to my research and consulted with more experienced investors. Many told me to be patient and that long-term thinking is key to speculative investments. I decided to hold onto my dinars and even bought more during the decline. I was convinced I could turn it around.

This decision to hold the course during a downturn was a major turning point for me. It taught me the importance of patience and long term thinking in currency investing.

I expanded my portfolio: Diversification strategies

As I became more confident I started to look into ways to diversify my dinar holdings. I realized that relying only on physical currency made me vulnerable to theft or damage. And storing large amounts of cash at home was getting impractical.

I found several ways to invest in the Iraqi dinar:

Dinar backed securities: I could invest in the dinar without physically holding the currency.

Iraqi bonds: I could benefit from Iraq’s economic growth and earn interest by buying government bonds.

Iraqi stock market: As Iraq’s economy grows, I could invest in local companies to gain indirect exposure to the dinar.

Currency futures and options: More advanced financial products to speculate on the dinar’s value.

I gained a more balanced and diversified portfolio by spreading my investments across these vehicles. This diversification would prove key to navigating the currency market.

From investor to entrepreneur: The birth of an online business

As I gained more knowledge and experience with the Iraqi dinar, I started getting inquiries from friends and acquaintances who wanted to follow my lead. What was supposed to be casual advice turned into a business opportunity.

I saw a gap in the market for a trusted and user friendly platform for new dinar investors. Using my own experience and the challenges I went through I decided to create an online store that would make buying and selling Iraqi dinars easy.

The journey from concept to launch wasn’t easy. I had to navigate the complex rules of currency exchange, build a secure e-commerce platform and establish relationships with reliable suppliers. But, I was passionate about the project, and my knowledge of the field was growing.

After months of work, my online store went live. I offered not only physical currency but also educational resources, market analysis, and personalized guidance to new investors. The response was amazing and I found myself running a small business.

Using e-commerce platforms: Expanding my reach

With my own website up and running I started to look into other channels to reach customers. I soon realized that established e-commerce platforms could give me exposure and credibility to my new business.

Amazon: Access to a global market

My first foray into third party selling was on Amazon. The process of becoming a verified seller was tough but it opened up a huge new customer base. I created product listings that not only showcased the Iraqi dinar but also educated buyers about the currency’s history and investment potential.

To stand out in the crowded market, I focused on the following:

High quality product images

Detailed descriptions

Competitive Pricing

Great customer service

The results were amazing. Within months my Amazon store was generating a significant income and complemented my own website perfectly.

eBay: Auctions and fixed price listings

Next I turned to eBay. The auction format was perfect for selling rare or collectible dinar notes. I also did fixed price listings for more common denominations for collectors and investors.

One of the biggest advantages of eBay was the ability to reach a global audience. I found buyers not just in the US but also in Europe, Asia and even the Middle East. This global reach allowed me to diversify my customer base and not be reliant on one market.

Etsy: For collectors and enthusiasts

While not a traditional currency sales platform, Etsy gave me an unexpected opportunity to connect with collectors and enthusiasts of the artistic and historical aspect of Iraqi dinars.

I created listings showcasing the different dinar notes' beautiful designs and cultural significance. This attracted a different type of customer—one who was interested in the currency's aesthetic and historical value, not its investment potential.

By customizing my offerings and marketing to each platform I was able to expand my customer base and increase sales across all channels.

Trust: Transparency and customer education

As my business grew I realized one of the key factors to my success was the trust I had with my customers. Many people were understandably wary of investing in foreign currency especially with all the scams in the industry.

To address these concerns and build long term relationships with my clients, I implemented the following:

Educational resources: I created a blog and video series explaining the basics of currency investment, specifically the Iraqi dinar. These resources helped to demystify the process for newbies.

Market updates: I published weekly updates on the dinar’s value so my customers could make informed decisions.

Transparent pricing: All fees and exchange rates were displayed clearly, with no hidden costs.

Secure transactions: I invested in top notch security to protect my customers’ financial information.

Customer service: I was available to answer questions and concerns quickly.

It paid off in the form of good reviews, repeat business and word of mouth. Trust became the foundation of my business model and set me apart from the competition.

Regulatory hurdles: Staying compliant in a crazy industry

As my business grew, I soon realized how important it was to stay compliant with the many regulations surrounding currency exchange and international finance. The legal landscape was complex and constantly changing so I had to be on top of it all.

Key areas to focus on:

Anti-money laundering (AML): Implementing strong Know Your Customer (KYC) to verify buyer and seller identity.

Reporting: Reporting all transactions above certain thresholds to the relevant authorities.

Licensing and registration: Getting and maintaining the necessary licenses to operate a currency exchange business.

Tax compliance: Tracking and reporting all income and transactions for tax purposes.

To navigate these, I invested in specialized legal counsel and compliance software. While the upfront costs were high they were worth it to protect my business and customers from legal issues.

Riding the waves: Adapting to market volatility

One of the toughest parts of running a currency based business was dealing with the inherent volatility of the forex market. The value of the Iraqi dinar could change dramatically based on geopolitical events, economic indicators or even rumors and speculation.

To mitigate the risks, I implemented the following:

Dynamic pricing: An automated system that adjusts prices in real-time based on current rates.

Hedging: Using financial instruments to protect against adverse currency movements.

Diversification: Adding other Middle Eastern currencies to my offerings to reduce my reliance on the dinar.

Cash flow management: Keeping enough cash reserves to ride out bad exchange rates.

Customer education: I educate my customers on the risks and rewards of currency investment and encourage a long-term perspective.

These worked so well my business remained profitable even during times of big market turmoil. More importantly they helped build customer trust by showing I was committed to responsible and sustainable business practices.

Giving back: Community and philanthropy

As my business grew I felt a sense of obligation to give back to the communities that had helped me succeed. This led me to look into various philanthropic projects, both locally in Arizona and internationally in Iraq.

Some of the projects I got involved with:

Sponsored educational programs on international finance and currency markets in local schools.

Supported microfinance initiatives in Iraq to help small businesses access capital.

Funded cultural exchange programs between the US and Iraq to promote cultural understanding.

Donated to organizations working on economic development and reconstruction in Iraq.

These gave me a way to make a positive impact and also gave me a deeper connection to the currency and culture that was such a big part of my life. They also helped my business’s reputation and attracted customers who liked companies with a sense of social responsibility.

Looking ahead: Expansion and new frontiers

As my business grew, so did my desire to give back. I supported economic development in Iraq and funded educational programs on foreign currency investments. These helped me connect deeper to the dinar and its culture.

Some of the areas I’m looking into for future growth:

Cryptocurrency integration: Looking into blockchain to simplify transactions and offer new investment opportunities.

Mobile app: Building a user friendly mobile app to make currency investment more accessible to a younger tech savvy audience.

Educational partnerships: Partnering with universities and financial institutions to create full courses on foreign currency investment.

New markets: Looking to offer my services in other countries, especially in regions with ties to Iraq.

Sustainable practices: Using eco friendly packaging and carbon offset programs to reduce the environmental impact of currency shipping.

As I move forward, I will continue to uphold the same principles that have worked for me so far: learning, adaptability, transparency, and a genuine love of connecting people through currency.

Conclusion: A journey of growth

My journey with the dinar has been life-changing. From my first nervous purchase to running a successful business, I’ve learned the value of patience, adaptability and taking calculated risks.

If you’re thinking of buying the Iraqi Dinar my advice is simple: be cautious but don’t be afraid to think outside the box. Sometimes the biggest risks give the biggest rewards. Do your research and enjoy the journey. With persistence and hard work the world of currency investment can be financially rewarding and personally fulfilling.

More exciting stories about Iraqi Dinar success stories go to Dinarit

[tasos-perte-tzortzis]

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[There are many banks exchanging certain currencies including the Iraqi Dinar right now.]

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Holiday/New Year Sales

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[finance-financialtips]

Understanding the Iraqi Dinar Exchange Process in AUS

The Iraqi Dinar (IQD) exchange process can be a complex and often confusing subject for those unfamiliar with international currencies. For Australian residents and investors, understanding the procedures and dynamics behind exchanging the Iraqi Dinar in Australia (AUS) is essential for navigating currency markets. Whether you want to invest in Iraqi Dinar or exchange it for travel or business purposes, having the right knowledge can help ensure a smooth process.

The Basics of the Iraqi Dinar

The Iraqi Dinar is the official currency of Iraq. Its value has fluctuated significantly, especially due to the country's volatile political and economic history. Despite this, some investors view the Dinar as a speculative investment, hoping for potential gains should its value increase. Others may need it for business dealings, travel, or personal reasons.

It is important to note that Iraq is a relatively isolated market regarding currency exchanges, and the Iraqi Dinar is not widely traded in international markets. This makes exchanging Iraqi Dinar outside of Iraq different from exchanging more commonly traded currencies like the US Dollar, Euro, or British Pound.

Currency Exchange in Australia

In Australia, exchanging Iraqi dinars is not as straightforward as exchanging more commonly used currencies. Most major financial institutions, such as banks and mainstream exchange services, do not deal with the Iraqi dinar exchange due to its limited global presence and the risks associated with its volatility. However, specialized currency exchange services handle less common currencies, including the Iraqi Dinar.

Australians interested in obtaining Iraqi Dinar must look for a service that deals with foreign currencies outside the mainstream offerings. These specialized services are often found through online platforms or foreign exchange (Forex) brokers who cater to niche currencies. Ensuring these services are legitimate is important, as scams and fraudulent schemes often target the Iraqi Dinar.

Exchange Rates and Market Fluctuations

The exchange rate of the Iraqi Dinar is notoriously volatile. This is due to Iraq's economic instability, sanctions, and fluctuations in the value of oil, which is Iraq's primary export. The Central Bank of Iraq sets the official exchange rate. Still, due to economic factors and the currency's limited international market, the actual value on the open market can vary significantly.

In Australia, the rates offered by exchange services can fluctuate widely, depending on demand and supply, the global economic situation, and the specific service provider's policies. As a result, individuals looking to exchange Iraqi dinars should be prepared for rates that may differ from the official exchange rate published by the Central Bank of Iraq. It is also essential to be cautious of high exchange fees or hidden costs that may apply when exchanging large sums of money.

How to Exchange Iraqi Dinar Safely

Safety is paramount when exchanging Iraqi dinars in Australia. Given the potential for fraud, it is crucial to thoroughly research the exchange service provider. Look for providers with solid reputations and verified customer reviews. Moreover, ensure that any transaction is done through secure channels, especially when dealing with large amounts of currency.

For those skeptical about the risks of exchanging the Iraqi Dinar exchange, it is advisable to consider the currency's potential long-term outlook. Some analysts speculate that the Iraqi Dinar may appreciate over time if Iraq's economy stabilizes, while others caution that the currency could remain stagnant or depreciate further.

Understanding the process of exchanging the Iraqi Dinar in Australia requires careful research, a clear understanding of the risks, and knowledge of the exchange services available. Due to the Dinar's volatility and limited exchange options, individuals should exercise caution and remain informed about market conditions. Being well-prepared will ensure that you make an informed decision when exchanging the Iraqi Dinar, whether for investment or personal reasons.

[dlnar-exchange]

Trust the Process: A Step-by-Step Guide to Securely Buying Iraqi Dinar for Financial Growth

In the ever-evolving landscape of investment opportunities, some ventures stand out for their potential to yield substantial returns. One such avenue that has caught the attention of investors is the Iraqi Dinar. However, like any investment, it is crucial to approach it with caution and a thorough understanding of the process to ensure financial growth. This guide will navigate the steps in securely buying Iraqi dinars, emphasising trust.

Understanding the Iraqi Dinar

The Iraqi Dinar (IQD) is the official currency of Iraq and has been subject to various economic fluctuations over the years. Investors are drawn to the potential for the Dinar to appreciate, but it's essential to recognise the associated risks. Before diving in, research Iraq's economic and political climate, as these factors can significantly impact the currency's value.

Research and Education

The foundation of any successful investment is knowledge. Start by thoroughly researching the Iraqi Dinar, including its historical performance, current economic indicators, and any political developments that might affect its value. Consult reputable financial news sources and seek advice from financial experts specialising in currency markets.

Choose a Reliable Currency Exchange

You must find a reliable and reputable currency exchange service, such as Dinar Exchange, to acquire the Iraqi Dinar. Look for companies with a solid track record, positive customer reviews, and transparent business practices. Verify that the exchange service complies with relevant regulations and has operating licenses.

Create an Account

Once you've identified a trustworthy currency exchange, could you create an account with them? Be prepared to provide necessary identification documents, as compliance with anti-money laundering (AML) and knowing your customer (KYC) regulations is essential for legal and secure transactions.

Determine Your Investment Strategy

Before making any financial commitments, it's crucial to establish your investment strategy. Consider risk tolerance, investment goals, and the number of Iraqi dinars you wish to purchase. Develop a clear plan that aligns with your financial objectives and revisit it periodically to make adjustments as needed.

Monitor the Exchange Rate

The value of the Iraqi Dinar is subject to fluctuations in the foreign exchange market. Keep a close eye on exchange rates and market trends to make informed decisions about when to buy or sell. Utilise reliable financial tools and resources to stay updated on real-time market information.

Execute Your Purchase

When you're ready to invest, log in to your currency exchange account and execute the purchase order. Ensure you follow the guidelines and double-check the transaction details to prevent errors. Reputable currency exchange services like bank transfers or credit cards typically offer secure payment options.

Securely Store Your Investment

After completing the purchase, it's crucial to secure your investment. Consider transferring your Iraqi Dinar to a secure wallet or safe deposit box. For future reference, maintain documentation of your transaction records, including purchase receipts and confirmation emails.

Investing in the Iraqi Dinar can be a strategic move for those seeking diversification in their portfolio. Still, it's imperative to approach the process with diligence and trust in the steps outlined above. By conducting thorough research, choosing a reliable currency exchange, and staying informed about market trends, you can increase the likelihood of a secure and potentially rewarding investment in the Iraqi Dinar. Remember, trust the process, and make decisions based on a well-informed understanding of the market dynamics to foster financial growth.

[blogsyear11]

Jun 16, 2022 The Intel Dinar Chronicles serves as a source for the most recent information on global currency resets. Intel Dinar Chronicles highlights official Dinar stories and conversation, including discussions from important internet forums and Dinar organizations. Intel Dinar Chronicles is one of the most well-known dinar master websites on the internet.

[vitamind3blog]

Ms. Sandy at Edu Matrix has some of the best videos about the Iraqi dinar and it’s prospective revaluation available anywhere on the web.

Everything I’m hearing is that the RV is imminent... anywhere for hours to weeks, months tops. There’s been lots of chatter that this will be a very special Christmas. Sure, could mean anything or nothing, but Trump’s history is pretty close to unanimous in terms of his knowing something specific when he makes remarks like that.

My recommended source for IQD (Iraqi Dinar) is Egan Store (http://egan.store & Egan Shop https://eganshop.com).

Peter (the owner of Egan Store) has told me this week that he intends to start removing IQD listings soon, although he couldn’t give a date, stating that they would only sell what they can replace, but would sell as long as he could get it. So as long as they can get it they plan to make it available and help as many people as possible procure some before it’s too late.

Peter is a good man and his customers love him. His business has achieved a better than 99% customer satisfaction rate selling on eBay, Etsy, other third-party platforms and from their relatively new site, EganShop.com.

Peter will be launching a plethora of currency-specific, niche collectible numismatics, coin & banknote shops — each specific to a particular nation’s currency.

Egan Shop and Egan Store have every denomination of new Iraqi dinar available for some of the best prices available anywhere online. If you find a better price, message them. If Peter can beat it he will.

https://etsy.com/shop/EganStore

[iraqdinar]

Egan Store to Include CoA With All Dinar, Dong, Rupiah, Zim and Bolivar Products

Leading Exotic Currencies Dealer Egan Store to Offer Certificates of Authenticity For All Listings of Iraq Dinar, Vietnam Dong, Indonesia Rupiah, Venezuela Bolivar and Zimbabwe Dollar Items

Exotic foreign currency banknotes dealer Egan Store (aka: “Egan Shop”) has announced that effective immediately, purchases of any and all core products will not be eligible for a certificate of authenticity to be included with the order for no additional charge.

Egan Store co-founder and proprietor Peter Egan Jr. observed that his business’ best-selling products were those which advertised a certificate of authenticity in the main listing photo, like the dinar dealer’s listing for a quarter-million Iraqi dinar in the form of ten uncirculated 25,000 IQD banknotes. While Egan Store has included a CoA by default for sales of the listing linked to in the previous sentence for the entirety of the company’s existence, it only recently began making certificates available for no additional charge for all of the company’s most popular product lines and listings.

The move came in the wake of a two week period during which the number of buyers requesting certificates for orders of Vietnamese Dong, Indonesian Rupiah, Venezuelan Bolivar and 2008 Zimbabwe dollar, particularly the trillion-dollar denominations in the case of the latter.

Said CEO Peter Egan Jr. of the move, “We inspect every note valued at more than a few dollars under UV lighting among other methods of establishing authenticity anyway, and inspect a random sampling of notes from each purchase that we make before we make them available to our customers. We take our responsibility to be bona fide experts in these respective currencies very seriously, and certificate or no certificate, our longstanding policy has always been that if any note we sell is determined to be fake, we will replace it or issue a full refund to the buyer who purchased it. The CoA is really just here for new customers’ peace of mind. Not that we’ve ever sold a counterfeit note, although we have purchased a few over the years. Thankfully, we were able to identify those as fakes within minutes of opening the package they arrived in, so the notes never made it into circulation, and we have zero intention of ever selling them, even with a disclaimer denoting that they’re fake. The fact is, if we were to sell a note we know to be fake, even if we state that it’s not an authentic banknote, we have no control over what the buyer does with the note, so if we were to attempt to recoup a portion of the losses we incurred on those purchases by reselling the fake notes as fakes, there’s a distinct possibility that they’d eventually wind up in circulation, and I would personally rather absorb the loss myself than do something that could potentially result in some unwitting person unknowingly purchasing a fake note and not learning that the note is fake until it’s too late, leaving them with only the option to resell it under the same false pretenses under which they purchased it as a means of recouping their loss. We’ve been very blessed. and the Lord has given me the wherewithal to absorb those losses, so that’s what we’ve done.”

“From this point forward, any customer who requests a certificate of authenticity for any listings involving any of our five primary currency offerings, and frankly nearly all of our other products as well not counting the novelty banknotes like the Ripple/XRP novelty banknote, our Antarctica polymer note and all of the notes that will make up a yet-to-be-launched category which I plan to entitle, ‘The Breast Banknote Collection Ever Assembled.' While I won’t spoil the surprise with that particular collection, suffice it to say I’m very excited about it, and I would encourage everyone to check back with us in a week or so, by which time the category should be live.”

In addition to the five national currencies mentioned above, Egan Store has introduced a number of new product offerings in recent weeks, introducing banknotes from currencies from all across the world. Some of these include (but are not limited to): Nigeria (Naira), Congo (Congolese Francs), Russia (Rubles), Ukraine (Hryvnia), Lebanon (Livre), India (Rupees), China (Yuan), Taiwan (new Taiwan dollar), Hong Kong (Hong Kong Dollar), Rwanda (Francs), Malaysia (Ringgit), Gambia (Dalasis), South Korea (Won), Trinidad and Tobago (Dollar), Argentina (Pesos), Libya (Dinar), Uganda (Shilling) and a whole host of others.

To receive a free certificate of authenticity for fully guaranteeing the legitimacy of banknotes purchased from any Egan Store shopping venue, if buying in-person just ask; and if buying online, just leave a note at checkout (you will be given the option to leave a note for the seller at checkout regardless of where you purchase from). However, if you for whatever reason do not see the field or forget, just send Peter, Mellenia or any member of the Egan Store team an email or message if buying through a third-party shopping interface mentioning your order number, the date-of-purchase, currency(ies) purchased and that you would like a certificate of authenticity to be mailed along with your order and the team at Egan will gladly accommodate your request.

[luqta]

Crypto Investment destroyed investing in currency or not?

The activity of collecting money as well as other coins is one of the oldest on earth. There are numerous people on the globe and many of which get this amazing quantity of preferred past times but what never adjustments is the coin collection. Men and women of various ages want to collect money banknotes as well as other rubber stamps that now signify or displayed cash in yesteryear. A few of these enthusiasts sell their wares for huge amounts of money so its a good investment to keep your collection for later on or to actually pass it lower through years. Every person must have the Iraqi dinar in their selection. Be it the old or the new one. For those who have been looking for the new editions then it’s a little more complicated. Humans have been buying it like crazy due to the fact no other kinds of money are currently accepted in Iraq. The actual politics climate continues to be problematic and it’s today harder than in the past to get your cash on proper funds from this nation. Even some of the richest business persons don’t have the opportunity to stock up on because of the dinar revaluation. Now the best way to get hold of this currency is by getting it through the internet. Because you can know the web is a great source of options that many don’t yet find out about. It can be used to Buy Iraqi dinar to get rich in almost no time. The only real huge difference is buying the proper dinar and never the old one. Funds from the times during the Saddam Hussein are actually out of print and even unlawful in various areas. It has all changed after the United states army leaves the nation. You won’t find a better supply of info on the Iraqi dinar news than the private blogs of experts. Certainly one of a better source for such exchanges can be located at the next website address buynewdinar.com. It has the very best Iraqi dinar forum where you can discuss the pros and cons to getting this forex and the high quality sources to maintain stocks of the cash. No one is stating that a person should speculate using cash except infusing some here and there can yield a huge profit that could create a person rich beyond creativity and it’s possible today.

[bijilvimal]

Formula calculator

The individuals who keep old records will probably just have to supplant new ones. You will probably get extra charges in the event that you are outside Iraq.A change determined from a nation's true conversion standard against a chose dinar guru gauge, for example, gold or US dollars is known as a revaluation.Has anybody gone to you as Dinarik's educator and informed you regarding a wonder that could happen to you? Be careful with Iraqi dinar tricks. We should see

 The publicity about putting resources into the Iraqi dinar has been around for quite a while is as yet going on. The venders state that with the rise of majority rule government in Iraq, the economy will create and the estimation of the dinar will increment.The explanation is that now you can purchase an Iraqi dinar for a couple of pennies. At that point it costs at any rate $ 2 after the UN perceives the Iraqi cash. Like some other possible approach to bring in cash, the Iraqi dinar master has made great many con artists acting like web vendors.

 They fabricated a complex site, added a Registered Dealer logo to it, and some place in little print was a disclaimer like "No Returns Policy", "We are not a distance formula calculator venture organization" or "All deals are conclusive, no discounts". They didn't specify that dinars must be purchased in Iraq today.The con artists confessed to being enrolled to sell Iraqi dinars however didn't add that they were just enlisted with the public authority as cash organizations – nothing to do with IQD.

 There are a couple of other significant realities to remember while thinking about a buy.The majority of the other enormous economies on the planet preclude carrying speculations to the market without appropriate protections enrollments. Notwithstanding, swindlers guarantee that they are selling numismatic dinars as collectibles.At the point when vendors work in the US, they register with the US Department of the Treasury as a Monetary Services Business (MSB) to make it lawful. Note, nonetheless, that MSB isn't a speculation market. All in all, don't be tricked by the titles or labels that tricksters use to procure trust.

 Con artists are exceptionally hard to spot, particularly since a large number of individuals around the globe have purchased the Iraqi dinar since 2003 when the new money was presented. With everybody wanting to make millions, you may even have companions who are now contributed and their perspective will effectively win your heart. has been in forex exchanging for more than 16 years. Safe dinar organization began serving clients who needed to purchase Iraqi dinars and afterward extended to incorporate the individuals who needed to sell Iraqi dinars. Today protected dinar trades in excess of twelve monetary standards with numerous others on solicitation.

[newstfionline]

Wednesday, January 6, 2021

Covidization (Worldcrunch) COVID-19 is killing people even without the virus. Spain’s Lung Cancer Group, a research body, believes lung cancer will have killed 1,300 people more in the country in 2020 than predictive models had anticipated before the pandemic struck. Between January and April this year, lockdowns and diverted healthcare resources meant 30% fewer initial oncology consultations than during those months in 2019. This is just one of the many pathologies with significantly worse data for what many are calling a “covidization” of healthcare. Covidization is a term coined by Madhukar Pai, a tuberculosis researcher at Montreal’s McGill University to describe the pandemic’s distorting effect on resource allocation, prioritization and media attention in fighting other pathologies. Data appear to have confirmed his opinion. Since April this year, the European Commission has devoted 137 million euros to research on the coronavirus, or twice all the monies spent in 2018 on tuberculosis, malaria and AIDS.

Travel in the COVID-era (Foreign Policy) In a signal of what travel in a pandemic world will look like, a group of U.S. airlines have called on the United States to drop travel restrictions banning citizens from Europe and elsewhere in favor of a pre-flight negative coronavirus test requirement. The airlines have backed a U.S. Centers for Disease Control and Prevention (CDC) proposal to create a global program for testing travelers prior to entering U.S. borders. Vice President Mike Pence, the head of the White House coronavirus task force, is due to discuss the proposal during a meeting today.

Golf is not essential travel (AP) The speculation began with curious activity by U.S. military aircraft reported circling President Trump's Turnberry golf resort in western Scotland in November. Then the Sunday Post in Scotland reported that Glasgow Prestwick Airport “has been told to expect the arrival of a US military Boeing 757 aircraft, that is occasionally used by Trump, on January 19.” Could the American president, on his last full day in office, wing his way to his ancestral Scotland to hit the links at his shuttered resort, possibly missing the inauguration? On Tuesday, the leader of Scotland, First Minister Nicola Sturgeon, was asked if Trump was headed her way, and what might be her message to him? At her daily news briefing, Sturgeon said, “I have no idea what Donald Trump’s travel plans are, you’ll be glad to know. … But “We are not allowing people to come into Scotland now without an essential purpose, which would apply to him, just as it applies to everybody else. Coming to play golf is not what I would consider an essential purpose.” The White House said that the reports of a Trump trip to Turnberry were “not accurate. President Trump has no plans to travel to Scotland.”

Divided U.S., Not Covid, Is the Biggest Risk to World in 2021, Survey Finds (Bloomberg) With the global economy still in the teeth of the Covid-19 crisis, the Eurasia group sees a divided U.S. as a key risk this year for a world lacking leadership. “In decades past, the world would look to the U.S. to restore predictability in times of crisis. But the world’s preeminent superpower faces big challenges of its own,” said Eurasia Group President Ian Bremmer and Chairman Cliff Kupchan in a report on the top risks for 2021. Starting with the difficulties facing the Biden Administration in a divided U.S, the report flags 10 geopolitical, climate and individual country risks that could derail the global economic recovery. An extended Covid-19 impact and K-shaped recoveries in both developed and emerging economies is the second biggest risk factor cited in the report. Biden will have difficulty gaining new confidence in U.S. global leadership as he struggles to manage domestic crises, the report said. With a large segment of the U.S. casting doubt over his legitimacy, the political effectiveness and longevity of his “asterisk presidency,” the future of the Republican Party, and the very legitimacy of the U.S. political model are all in question, it added. “A superpower torn down the middle cannot return to business as usual. And when the most powerful country is so divided, everybody has a problem,” said Bremmer and Kupchan.

Venezuela’s socialists take control of once-defiant congress (AP) Nicolás Maduro was set to extend his grip on power Tuesday as the ruling socialist party prepared to assume the leadership of Venezuela’s congress, the last institution in the country it didn’t already control. Maduro’s allies swept legislative elections last month boycotted by the opposition and denounced as a sham by the U.S., the European Union and several other foreign governments. While the vote was marred by anemically low turnout, it nonetheless seemed to relegate into irrelevancy the U.S.-backed opposition led by 37-year-old lawmaker Juan Guaidó. The opposition’s political fortunes have tanked as Venezuelans own hopes for change have collapsed. Recent opinion polls show support for Guaidó having fallen by more than half since he first rose to challenge Maduro two years ago. Meanwhile, Maduro has managed to retain a solid grip on power and the military, the traditional arbiter of political disputes.

Few reforms would benefit Japan as much as digitising government (Economist) It is a ritual almost as frequent and as fleeting as observing the cherry blossoms each year. A new Japanese government pledges to move more public services online. Almost as soon as the promise is made, it falls to the ground like a sad pink petal. In 2001 the government announced it would digitise all its procedures by 2003—yet almost 20 years later, just 7.5% of all administrative procedures can be completed online. Only 7.3% of Japanese applied for any sort of government service online, well behind not only South Korea and Iceland, but also Mexico and Slovakia. Japan is an e-government failure. That is a great pity, and not just for hapless Japanese citizens wandering from window to window in bewildering government offices. Japan’s population is shrinking and ageing. With its workforce atrophying, Japan relies even more than other economies on gains in productivity to maintain prosperity. The Daiwa Institute of Research, a think-tank in Tokyo, reckons that putting government online could permanently boost gdp per person by 1%. The lapse is all the more remarkable given Japan’s wealth and technological sophistication. Indeed, that seems to be part of the problem. Over the years big local technology firms have vied for plum contracts to develop it systems for different, fiercely autonomous, government departments. Most ended up designing custom software for each job. The result is a profusion of incompatible systems.

An ‘orchard of bad apples’ weighs on new Afghan peace talks (AP) Afghan negotiators are to resume talks with the Taliban on Tuesday aimed at finding an end to decades of relentless conflict even as hopes wane and frustration and fear grow over a spike in violence across Afghanistan that has combatants on both sides blaming the other. Torek Farhadi, a former Afghan government advisor, said the government and the Taliban are “two warring minorities,” with the Afghan people caught in between—“one says they represent the republic, the other says we want to end foreign occupation and corruption. But the war is (only) about power.” The stop-and-go talks come amid growing doubt over a U.S.-Taliban peace deal brokered by outgoing President Donald Trump. An accelerated withdrawal of U.S. troops ordered by Trump means just 2,500 American soldiers will still be in Afghanistan when President-elect Joe Biden takes office this month. The Taliban have grown in strength since their ouster in 2001 and today control or hold sway over half the country. But a consensus has emerged that a military victory is impossible for either side.

Iraq, Struggling to Pay Debts and Salaries, Plunges Into Economic Crisis (NYT) Economists say Iraq is facing its biggest financial threat since Saddam Hussein’s time. Iraq is running out of money to pay its bills. That has created a financial crisis with the potential to destabilize the government—which was ousted a year ago after mass protests over corruption and unemployment—touch off fighting among armed groups, and empower Iraq’s neighbor and longtime rival, Iran. With its economy hammered by the pandemic and plunging oil and gas prices, which account for 90 percent of government revenue, Iraq was unable to pay government workers for months at a time last year. Last month, Iraq devalued its currency, the dinar, for the first time in decades, immediately raising prices on almost everything in a country that relies heavily on imports. And last week, Iran cut Iraq’s supply of electricity and natural gas, citing nonpayment, leaving large parts of the country in the dark for hours a day. “I think it’s dire,” said Ahmed Tabaqchali, an investment banker and senior fellow at the Iraq-based Institute of Regional and International Studies. “Expenditures are way above Iraq’s income.” Many Iraqis fear that despite Iraqi government denials there will be more devaluations to come.

Qatar ruler lands in Saudi Arabia for summit to end blockade (AP) Qatar’s ruling emir arrived in Saudi Arabia and was greeted with an embrace by the kingdom’s crown prince on Tuesday, following an announcement that the kingdom would end its yearslong embargo on the tiny Gulf Arab state. The decision to open borders was the first major step toward ending the diplomatic crisis that has deeply divided U.S. defense partners, frayed societal ties and torn apart a traditionally clubby alliance of Arab states. The diplomatic breakthrough comes after a final push by the outgoing Trump administration and fellow Gulf state Kuwait to mediate an end to the crisis. The timing was auspicious: Saudi Arabia may be seeking to both grant the Trump administration a final diplomatic win and remove stumbling blocs to building warm ties with the Biden administration, which is expected to take a firmer stance toward the kingdom. Qatar’s only land border has been mostly closed since June mid-2017, when Saudi Arabia, Egypt, the United Arab Emirates and Bahrain launched a boycott of the small but influential Persian Gulf country. The Saudi border, which Qatar relied on for the import of dairy products, construction materials and other goods, opened briefly during the past three years to allow Qataris into Saudi Arabia to perform the Islamic hajj pilgrimage. It was unclear what concessions Qatar had made regarding a shift in its policies. While the Saudi decision to end the embargo marks a milestone toward resolving the spat, the path toward full reconciliation is far from guaranteed.

[indizombie]

“I didn’t see a single dollar from the government,” said Ahmed Sarhan, who runs a family coffee business. “After the liberation, it was complete chaos. No one had any money. The economy was zero,” he said. His business raked in a measly 50,000 Iraqi dinars a day, or around $40. Now, he makes closer to about $2,500. But even as Sarhan and other merchants are starting to see profits — despite the impact of the coronavirus pandemic — ordinary laborers are struggling. Sarhan employs 28 workers, each getting about $8 a day. “It is nothing ... they will never be able to rebuild their homes,” he says. Since the ouster of IS in 2017, the task of rebuilding Mosul has been painfully slow. Delays have been caused by lack of coherent governance at the provincial level; the governor of Nineveh province, which includes Mosul, has been replaced three times since liberation. Since the ouster of IS in 2017, the task of rebuilding Mosul has been painfully slow. Delays have been caused by lack of coherent governance at the provincial level; the governor of Nineveh province, which includes Mosul, has been replaced three times since liberation.

Samya Kullab, 'Iraqis slowly rebuild Mosul, with little aid from government', AP News

[publictaknews]

Iraqi PM says probe recovers part of $2.5 billion embezzled from taxes

Iraqi PM says probe recovers part of $2.5 billion embezzled from taxes

Iraq’s government said on Sunday it would recover its share of some $2.5 billion embezzled from the country’s tax authority in a major scheme involving a network of businesses and officials. About 182 billion Iraqi dinars, or $125 million of the stolen amount, through the seizure of properties and assets of a well-connected businessman in the corruption scheme, the office of Prime Minister…

[iraqdinar]

Iraqi Dinar Market Prices (in USD) Surprisingly Low in Lieu of Growing Volume

By: Peter F. Egan Jr.

Iraqi Dinar market prices have remained stable over the course of the last ten or so months while other ‘exotic’ currencies popular among collectors have seen supply dwindle while demand increased exponentially, resulting in a sharp imbalance, and consequently a corresponding increase in prices.

Iraqi dinar prices are right at about where they were at the start of 2021, a far cry from most of 2020 when the Iraqi currency was scarce and the prices considerably above where they’ve been thus far in 2021. Regardless of whether someone is buying Dinar on eBay, buying from a specialty Dinar dealer like Treasury Vault, or buying from individuals and/or small business owners in the Mid East; one million Dinar will cost you on average $1,250-$1,650.

The prices vary a bit more when dealing in increments smaller than one million, as is the case with most products purchased in a retail setting compared to buying in bulk.

For much of 2020 (spring through mid-fall), to find a million IQD for less than $1,500 required a bit of skill with a side of good luck. Smaller quantities sold for a ballpark average (estimated) of around $2 per 1,000 dinars.

So while IQD prices have actually gone down in the past year, the same cannot be said of several other ‘exotic’ currencies commonly grouped together with dinar for a variety of reasons, notably the hyperinflation associated with them, in some cases governmental instability and in all cases the lack of traditional financial institutions and money services businesses willing to deal in them. Two of the most notable among these are the Vietnamese Dong and Indonesia Rupiah. Both have seen their prices increase as availability has waned.

While no longer a currency, the same can also be said of the 2008 Zimbabwe dollar. As recently as December a TEN TRILLION dollar bill from the 2008 Zim series (aka: “Zim bond”) could be had for $3-$5. Today they’re $25-$50, and showing no signs of returning to pre-2021 levels. That having been said, those appear to be a bit of an exception as the highest denominations of banknote ever printed as legal tender anywhere in the world.

That fact will always keep the '08 Zim notes popular among collectors, but lately we've been speaking with some buyers who've explained that they view the 2008 Zimbabwe currency as an investment that will return actual yield on top of principal. The thinking here lies within a few words written on the notes themselves. Specifically, "I promise to pay the bearer on demand." Since the notes are absent an expiration date, there are people who believe they'll be able to one day take their $100 Trillion dollar Zimbabwe banknotes from 2008 (as well as all the other denominations - the same ones that were demonetized the following year) and bring them into a bank and swap them out for 100 Trillion US dollars, or some percentage of 100 trillion.

While this author personally holds Iraqi dinar, Vietnamese dong, Indonesian currency, Nigerian Naira among several other currencies that would be classified as "weak" next to the dollar, I admit I have my doubts about the whole 2008 Zimbabwe money constituting bond notes that will one day be redeemable for actual currency that's legal tender in at least one country on earth.

[dinaritexch]

Iraqi Dinar Manipulation – Used in Speculation and Fraud Since the Iraq War (2003–Present)

Introduction

Since the Iraq War in 2003, the Iraqi Dinar has been the subject of significant fraud and scams and conducted a lot of speculative business. This currency has been sold as people’s ticket to freedom; a tool for accumulating financial wealth across the globe. But behind all the glamorous image exists hidden and lies antithetical objective, such as deception, misrepresentation, control. This article looks into causes of Iraqi Dinar speculation, how the manipulation process works, and the truth about investing in it.

The Rise of Dinar Speculation

Hype and Promises

In the wake of the 2003 Iraq war and the collapse of the Saddam Hussein government, a new wave of excitement to invest in some parts of the world was sparked among some factions in the investment community. The large oil reserves in Iraq, combined with the prospect of a stable, rebuilt government, encouraged many to invest in the Iraqi Dinar as a fundamentally undervalued currency that would soar and become one of the most valuable foreign currencies within the following year. There were stories doing rounds of social-economic Mississippians who stood to gain fortunes of anything over a few thousand dollars, with the possibility of the Dinar being ‘revalued.’

With this, currency dealers and promoters began to promote the Dinar as a ‘one-time wealth in a lifetime opportunity.’ They appealed to the concept of getting rich quickly, the big bang theory, and comparison to the realignment that occurred with the German Mark in the aftermath of World War II or Kuwait Dinar, post the Gulf War. These stories turned into the basis of various get-rich schemes, and the media and discussion boards continued the celebration of new wealth.

Post-War Economic Instability

But what was on the ground in Iraq was a far cry from this. This war created many problems to the economy of the nation. Transport and communications networks crumbled down, political governance was a far cry and graft became synonymous with many tiers of governance. Inflation rates hit through the roofs, and this was the Central Bank of Iraq’s nightmare in a bid to stabilize the Dinar, given the continuing conflict and foreign occupation.

Nevertheless, the story of an impending revaluation did not disappear at all. It is for this reason that the speculation can be attributed to both a deliberate manipulation by some investors and actual lack of knowledge by others. Few understood the various economic indicators needed to ensure meaningful stability and appreciate the currency. Instead, investors relied on the story that sellers told, especially the one about Iraq’s oil revenues, though they failed to reveal that Iraq’s economy was in  terrible state.

These two dimensions produced the illusion of more than what was actually present economically and the actual economic situations, ignoring the speculation. People invested in the Dinar out of mere expectation instead of rational decision-making, and many bought foreign currency from unscrupulous dealers who overcharged the legal limit.

Mechanisms of Manipulation

Misleading Marketing Tactics

Many people promoting Iraqi Dinar speculation used more advanced and complex but deceptive strategies to lure possible investors. Having raised expectations based upon often false stories concerning the government’s intentions to revalue the currency, they were able to spread this false story, serving their own agenda of their private and personal ends. These claims were often expressed in a manner that invoked specific knowledge, such as using formal terms such as “global currency reset” or “RV,” that is revaluation. Promotional items were to appeal to the psyche of the human mind, and such things as the ‘limited edition’ or ‘before you know it, the offer will soon be closed.’ Such tactics also did not only create a speculative rush for the currency but also ensured that the currency was from being affordable to the real market value it commanded.

Scammers indeed used fake documents such as legal documents from well-established banks or genuine government recommendations to support the fraud. Such materials were normally fakes, and targeted people who could not afford proper identification of genuine and counterfeits.

Exploiting Trust

Many of the scams involved the element of trust in regards to the Dinar. The attackers often chose the populations who would easily fall for their authority or take a word from a professional in the financial field without questioning it. High risk clients for such a scheme worked well; especially the retirement age client who is always on the lookout for ways to generate extra cash.

The fraudsters learned roles such as professional financial advisers or those people who claimed to have firsthand information regarding the forthcoming Iraqi economic strategies. They backed their claims with fake success stories from the likes of people who obviously had made handsome profits. Many of these testimonials contained concrete and realistic components to increase their credibility: stories and photos with the ‘before and after’ effect.

Other exploitation of trust was achieved through community engagement strategies. Community builders conduct webinars, post on forums, or even create the nucleus of an online community that investors in Dinar trust with their money. In the groups, people with different views were silenced, and persons who doubted the reasoning were expelled. This environment of reinforcement made it even more difficult for participants to see the wrongdoing in the schemes.

Fraudulent Practices

The Role of Currency Dealers

Currency dealers were instrumental in(feeding/building) the speculative bubble regarding the USD asset known as the Iraqi Dinar. Such actors usually disguised themselves as real financial companies with websites and ad campaigns to increase the circle of victims. Realizing that there was no legal bar on currency trade across borders and thus no legislation to regulate such trade, they oversold the Dinar at grossly inflated rates that often charged 20 percent or more as a premium to the actual exchange value of the currency. Dealers were counting on the thought that the Dinar’s value was to skyrocket soon through unsubstantiated rumors of insiders and fake timetables for the revaluation of the dinar.

A few others involved even more ‘extra services’ like secure storage for the Dinars they had bought or even guaranteeing that they would buy back the Dinars at a certain rate and this went a long way in putting the whole concept over as real and legitimate. In point of fact, such promises were but an illusion since buyers were unable to resell the currency at the higher prices they offered for the same.

Pyramid and Ponzi Schemes

The fraudsters learned roles such as professional financial advisers or those people who claimed to have firsthand information regarding the forthcoming Iraqi economic strategies. They backed their claims with fake success stories from the likes of people who obviously had made handsome profits. Many of these testimonials contained concrete and realistic components to increase their credibility: stories and photos with the ‘before and after’ effect.

Other exploitation of trust was achieved through community engagement strategies. Community builders conduct webinars, post on forums, or even create the nucleus of an online community that investors in Dinar trust with their money. In the groups, people with different views were silenced, and persons who doubted the reasoning were expelled. This environment of reinforcement made it even more difficult for participants to see the wrongdoing in the schemes.

Influence of Online Platforms

Currency dealers were instrumental in(feeding/building) the speculative bubble regarding the USD asset known as the Iraqi Dinar. Such actors usually disguised themselves as real financial companies with websites and ad campaigns to increase the circle of victims. Realizing that there was no legal bar on currency trade across borders and thus no legislation to regulate such trade, they oversold the Dinar at grossly inflated rates that often charged 20 percent or more as a premium to the actual exchange value of the currency. Dealers were counting on the thought that the Dinar’s value was to skyrocket soon through unsubstantiated rumors of insiders and fake timetables for the revaluation of the dinar.

Social Media’s Role

A few others involved even more ‘extra services’ like secure storage for the Dinars they had bought or even guaranteeing that they would buy back the Dinars at a certain rate and this went a long way in putting the whole concept over as real and legitimate. In point of fact, such promises were but an illusion since buyers were unable to resell the currency at the higher prices they offered for the same.

Healing bubbles that are built within these platforms reinforce the hype. These echo chambers are not ideal for opinions or critical analysis and discussions within the group where dissenting opinions are quelled, promoting speculative attitudes prominent within the setup. For instance, comments that dismiss the possibility of the Dinar speculation are often removed, and the skeptics themselves may be barred from posting to the forum.

Forums and Groups

The most serious viral breeders of a community-generated false narrative are current web-based discussion boards and newsgroups. Reddit and investment forums for specific sectors provide special topic subreddits dedicated to the Iraqi Dinar alone. They post fake success stories that include details of how a little money invested in currency will make them become a millionaire.

Such stories tend to be compounded by rumours of some ‘inside information’ or such other mere assertions that are frequently tied to some governmental policies. Whether they are true or fake, the satisfaction they portray makes new investors trust that they can invest their money successfully. The structure of these forums adopts that of a support group in that the participants encourage each other to invest.

Viral Campaigns and Manipulative Strategies

Other gimmicks also used in viral marketing have also been aimed at tricking unsuspecting people into the given links. Bright pictures, attractive titles, and crisp videos make it possible to believe that keeping Iraqi Dinars means making much money. Such campaigns are often so themed as to use calls to action such as ‘Your secret opportunity’ or ‘Get this insider tip before everyone else does.’

The Spread of False Information

More often than not, what is being shared on these trees is either stale or misleading. For example, debates on revaluation use economic statistics or political occurrences that are still not valid for the market. Mostly, these inaccuracies are never corrected, hence entertaining the myths that surround the Dinar to the public.

Consequences of Online Manipulation

Nonetheless, the influence of online platforms is not confined to mere speculation. This influences tangible choices: people lose a sizable amount of money in the currency without knowing its risks. Furthermore, the echo chamber effect reinforces the spread of fake news and kills any possibility of potential investors researching the truth about the company.

This means while promoters of Iraqi Dinar speculation have been active on the internet making an issue that might otherwise have been a regional one, a global one. For many, the lesson here is clear: caution and rationality are among the valuable assets when it comes to dealing with different types of uncertain investments.

Legal and Regulatory Concerns

Actions Taken by Authorities

Legal authorities have arrested con artists specializing in counterfeit money and have created campaigns that warn investors of the scams. However, the enforcement remains a problem because, unlike a Ponzi scheme, these scams are international in nature.

Legal Loopholes

The lack of sound international regulations and the issues of jurisdictions have helped fraudsters continue operating.

Realities of the Iraqi Dinar

Understanding Currency Valuation

Most novice traders never know the basics of currency appraisals. Prices of commodities, inflation rates, and most of the policies that are made by the government affect the value of a particular currency. Under this condition, the revaluation of the Iraqi Dinar still remains unfeasible.

Iraqi Government’s Stance

This case the Iraqi government has time and again gone on the offense and warned the public against speculative activities on the currency. Those in power make a point of stating that they do not have any plans of engaging in hostile revaluations and investors should ignore anyone who tells them otherwise.

Economic Impact on Iraq

Internal Challenges

Bulls have shifted focus away from real areas of concern in Iraq’s economy. The obsession with Dinar speculation takes the focus from more pressing problems such as joblessness and the reconstruction of the physical environment.

Global Perception

The ‘reforming’ of the Iraqi Dinar has brought Iraq terror into the sphere of global legitimacy and damaged Iraq’s reputation to an extent that has made it difficult for the country to attract legitimate foreign investment.

Lessons for Investors

Importance of Due Diligence

Accomplished investors must be informed, patient, and have good judgment for themselves and the community to avoid such schemes. One must identify and check potential reliability of the sources used and another – evaluate the possible hazards of currency fluctuations.

Understanding Currency Investments

Profiting from currencies is always a gamble and the same applies to the Iraqi Dinar in this case. It falls upon investors to differentiate between speculation and investment where, instead of relying on cheerleading, key economic statistics are used.

The Future of the Iraqi Dinar

Is Revaluation Possible?

Most economists do not expect a large revaluation of the Dinar in the nearest future. It is prohibitive by factors such as political instability and high inflation rates that are characteristic of Iraq’s economy.

The Way Forward

The opportunity to make significant changes is required to stabilize the currency in Iraq. Better governance, encouraging investment, combating fraud and embezzlement are the prima facie for rebuilding confidence in the Dinar.

Conclusion

Modern people can learn a lot from the examples given, especially from the story of the manipulation of the Iraqi Dinar. This application stresses adherence to necessary caution and knowledge, as well as economic facts and findings. That is why the exotic concept of gaining enormous amounts of money in a short time due to successful speculation on the Dinar is much more dangerous than beneficial. To invest in such ventures, particularly new ones, requires both eyes open and a lot of caution to avoid being caught in hype.

Source:- Dinarit

[omgstupendousbouquetbasement]

Burning Trash and Factories Belching Smoke Choke Iraqis

As if life was not bad enough for Adnan Kadhim - he lives in a slum where municipal authorities dump Baghdad's rubbish - now someone is setting the waste on fire, making his children sick. As the United Nations marks World Environment Day on Wednesday, Iraq is suffering a pollution crisis, with trash piling up across the country and thick clouds of smoke produced by inefficient factories hovering above Baghdad. "The dirt, our children are sick, our families are sick. My daughter has asthma, and I had to take my family to the hospital last night. We had to go at 2 am to give her oxygen. What have we done wrong to deserve this?" asks the 48-year-old, with mountains of rubbish behind him. No one in his unplanned neighborhood within Baghdad's southeastern Zaafaraniya district knows who is setting the rubbish on fire, and their complaints to government and municipal authorities have fallen on deaf ears because they are technically not supposed to be living in the area. "For about a week or ten days now we haven't been able to sleep or work. We just sitting around because of this smoke, said Jabbar, a builder. "Every day, it starts at sunset and doesn't stop until the morning. You can see the tractors (shoveling trash) in front of you. We are being destroyed. We implored the government, and no one did anything, we went to the municipality and still nothing," he added. Officials say Iraq suffers from the lack of a formal waste management system, but that they are working on introducing one which they hope will alleviate the country's numerous environmental hazards which also include pollution from oil production - Iraq is OPEC's second-largest producer of crude oil - and other industries. "I am sorry to say there are no hygienic official landfills. All what we have are unorganized areas for waste collection," said Deputy Environment Minister Jassim Humadi. "We are working hard today to issue legislation establishing the National Center for Waste Management." Increasing pollution rates and other "environmental challenges" could be linked to rising rates of chronic diseases such as cancer and respiratory issues, as well as birth deformities, he said. Iraq is working with the international bodies on a plan to help it clean up, he added. Change is Costly Business owners say they are doing what they can to operate in a more environmentally-friendly manner but that it is too costly. The government needs to help them do so, they argue. At a brick factory in Nahrawan, east Baghdad, ovens running on crude oil are releasing thick smoke, making it hard to breath, or see anything. "Crude oil, if burned in an incorrect way, the way we burn it, of course has emissions. The new ovens which we are upgrading to will reduce these emissions by 60 percent, but that should not be the ceiling of our ambitions," says Ali Rabeiy, the factory owner. More environmentally-friendly ovens can fashion bricks and produce only 5 percent of the current harmful emissions, and some even produce none, he said, but they cost anywhere between 4 and 6 billion Iraqi dinars ($3.2-4.8 million), which is not financially feasible for a business like his. ($1 = 1,186.4300 Iraqi dinars) from Blogger http://bit.ly/2wCuv61 via IFTTT