The Number One Way to Buy Up Iraqi Dinar Quickly and Safely

The Number One Way to Buy Up Iraqi Dinar Quickly and Safely

Right now may be an excellent time to consider purchasing a foreign currency with a big upside for accumulating wealth. Do a bit of research on where you can purchase some excellent quality new Iraqi Dinar. Be sure it is current Iraqi Dinar, not the previous Saddam Hussein era notes. There are a great number of websites out there that would really like to sell you these old worthless notes, so be careful. There are some rules and regulations you will need to follow too, and you need to make certain that you are dealing with an honest and authentic dealer.

Many people are interested in purchasing these types of notes, and with great demand can also come great danger. Iraqi Dinar is extremely popular currently, so unscrupulous people are always searching for ways to print and sell fake money in order to make a great profit off of naive buyers. As a result, it is crucial that you do as much research as possible to protect against getting scammed by purchasing from the wrong person. The last thing you want to do is purchase your Iraqi money, sit on it for a few years and find out when you go to turn it in for your money that it is counterfeit and the scoundrel who sold it to you has left the country.

After you have made a decision to attain the New Iraqi Dinar and you have found someone you think you can trust my advice is that you trust them, but check and double check the Iraqi Dinar, very, very carefully. Try to choose a seller that can let you know that the money is real and that he uses a De La Rue currency counter to verify the bills for authenticity. All money has to be passed through this money counter in order to make sure the money is good. There are other currency machines that can detect counterfeits for Iraqi Dinar, but from what I hear the De La Rue machine is the top of the line. Interestingly, the De La Rue machine is released by the company that makes the Iraqi money. After you have come to a decision on a dealer I recommend you use a dealer where you can make your purchase with a credit card. That way if there's anything that goes wrong with your delivery you can dispute the charge with whatever credit card company you are making the purchase with. You may still get swindled even if you use a credit card, but a credit card organization will be very helpful in fighting the charges if the situation goes that far.

To learn more about safe dinar make sure to check out the buy dinar web site and blog.

Buying Iraqi Dinar - Beware of ads promising big return on Iraq's currency

I love these Kinds of stories, if you are one of these people who thinks that if you plop down 300 bucks you will have $300,000 next week, get real. In the short time I have had mine it has gone up 40%. The big pay off may come years later after rebuilding. You can still get it relatively cheap, it may not always be so. A coin shop owner is their currency expert? Right...





Go ask a desert storm veteran who heard about buyinf Kuwaiti Dinar and listened to the doom sayers who said it was a scam.

-I've talked to a few, they sound pretty regretful to me...


Beware of ads promising big return on Iraq's currency

Reported by: Joe Ducey

Email: jducey@abc15.com

Produced by: Quita Jackson

Last Update: 8/21 8:06 pm

As Iraq becomes more and more stable, more people are investing in their currency, the Dinar. Some ads claim you may be able to double or triple your money in a just a few weeks if you buy right now. So is it worth considering?

Look online and you'll find dozens of vendors selling the Dinar.

They are so cheap -- more than a thousand to one dollar -- Americans are snatching them up.

"My business partner's friend gave us a tip that the Iraqi money would be converted into American money and when that happened the Iraqi money would soar in value," says Michael Loos.


He says it sounded too good to pass up. So Loos invested a modest $268. But a few weeks later, when he checked the value, it was down to $216.50.

Fred Hammond owns a coin shop. He says he's not surprised.

"I've had a couple of people ask me about that and I don’t give them a very pretty picture," says Hammond. He says its hard to make money trading foreign currency.


While the Iraqi Dinar currently has gone up, vendors can charge up to 50 percent commission. Even banks charge currency transaction fees and without significant appreciation, you will lose money buying and selling back.


If you decide to buy, do it through a legitimate US-based financial institution, never a company based outside the US.

Copyright 2009 The E.W. Scripps Co. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Iraqi Dinar Speculation - HSBC Targets Iraq As Source Of 'Great Growth'

Hat tip to http://www.dealorbuydinar.com

Thanks Ken!

O.K. Even I don't trust big banks, but even a blind squirrel finds a nut every now and then. Besides, the housing crisis was so obvious, maybe Iraq Tea, or Liquid gold isn't such a hard call...

HSBC targets Iraq as source of 'great growth'

Jun 12, 2009 at 03:23

'We've only scratched the surface' of what's possible, HSBC says as the bank looks to Iraq for growth.

The Middle East arm of HSBC sees great potential in Iraq, and is planning to expand its operations there as security and the country's legal framework improves, the bank's regional chief said on Thursday.

In 2004, HSBC bought 70 percent of Iraq's Dar es Salaam Bank, which has 14 branches, and is now eyeing growth in infrastructure projects and supporting businesses as violence ebbs and Iraq rebuilds after years of war.

"We're only scratching the surface as far as I'm concerned," HSBC Bank Middle East Ltd chairman Youssef Nasr told Reuters by telephone from Dubai.

"Even though the situation has improved on the security front, the size of the economy, the activities in which we can get involved is still a fraction of what is to come."

Iraq's banking sector is tiny by global standards - Dar es Salaam has a capital of 50 billion Iraqi dinars ($43 million) - and the state controls some 80 percent of gross domestic product, generated almost entirely through oil sales.

Much of Iraq's banking sector is state run, and now only about 37 percent of customer deposits are placed with 30 or so small private banks.

Yet Nasr was optimistic money would filter through to the general population of Iraq from government oil sales, following a pattern seen in other Arab states.

"In most Middle Eastern oil exporting countries the big money started in the hands of the state and the national oil companies ... Some of the top Gulf family companies made their money subcontracting for the national oil companies," he said.

Iraqi private banks spoken to by Reuters said they had seen profits soar -- albeit from a low base -- in 2007 and 2008 as Iraq spent on investment projects and boosted state salaries, although a fall in oil prices since then has forced budget cuts.

Dar es Salaam could not immediately provide Reuters with financial statements, but Nasr said its profits had grown too.

"It went from a loss making proposition in 2006, to a small profit in 2007 to a much larger profit in 2008."

CHALLENGES AHEAD

Yet banks and other businesses in Iraq face several challenges. Bombings and shootings are still common, and the insurgency triggered by the 2003 U.S.-led invasion remains stubborn in parts of the country.

Iraq's legal and regulatory framework is nascent and its all important hydrocarbons law -- which would determine how its vast oil reserves are exploited and shared -- is bitterly contested and has been delayed for years.

Oil infrastructure projects in Iraq's semi-autonomous Kurdish region are subject to doubt due to Baghdad's rejection of Kurdish deals signed with foreign oil firms.

"The oil law will determine a better comfort zone in terms of which entities... are going to be recipients of oil money, what their authority is going to be in investing or spending," Nasr said, when asked which laws were key to HSBC's Iraq plans.

Iraq has also only in recent weeks begun to outline the property and real estate ownership rights of foreign investors.

"If we're going to do commercial or residential mortgage lending, we've found that up to this point the legal system is not as robust as it should be," Nasr said.

He did not say how many more branches of Dar es Salaam he expected to open, but said HSBC was likely to focus on the south, home to the country's only ports and through which most oil is exported, and along northern trade routes to neighbouring Turkey, one of Iraq's main trading partners.

Should Iraq stabilise and laws firm up, Nasr said its economy could equal the Arab world's largest, Saudi Arabia.

"Iraq's oil and gas reserves are just short of Saudi Arabia. It has a population which is slightly larger and it has the benefit of much better water resources than Saudi Arabia."


Mohammed Abbas
All right reserved © Business.Maktoob.com 2009

Should we be paying $108 a barrell or $3.19/gallon while Iraqis pay 33 cents?

Should we be paying $108 a barrell or $3.19/gallon while Iraqis pay 33 cents?


Baghdad fuel drops, above official price

BAGHDAD, March 4 (UPI) -- The price of black market fuel in Baghdad has dropped in most neighborhoods but still remains up to double the state-set price.IraqSlogger.com reports in its weekly "Price Check" column prices for other telling products -- cooking fuel, bread and Marlboro cigarettes -- were flat week-on-week.

Marlboros and cooking fuel dropped last week.Iraqis face considerable fuel shortages, with less than half of demand being served. Like many oil-producing nations in the region Iraq has reduced prices of gas for its citizens, though the 400 Iraqi dinars a liter -- 33 U.S. cents -- is an increase from the Saddam Hussein era.

While the Baghdad al-Jadida and Sadr City neighborhoods remained at 700 dinars per liter, seven other neighborhoods polled by IraqSlogger.com correspondents dropped from 900 dinars to a range of between 700 dinars and 850 dinars.Cooking gas, which along with heating fuel and electricity are vital products Iraqis need but lack, is set at a state price of 4,000 dinars per cylinder.

In the nine Baghdad neighborhoods polled, the price ranges from 18,000 dinars to 21,000 dinars per cylinder.Iraq's infrastructure has been diminished over the decades of war, sanctions, Saddam's mismanagement and post-2003 violence. Smugglers, insurgents, poor U.S.-led reconstruction and the Iraqi government's inability to spend its capital budget and stem corruption are all to blame.