Over the past few years, con artists are using Iraq’s currency to blind their victims. They are encouraging the victims to buy Iraqi dinar and furnishing them the promise that buyers would get lucrative refunds.
Vernon, CT -- 07/08/2014 -- Who will not be blinded by this statement: “as a potentially profitable investment on the theory that at some unknown point in time a “revaluation” would occur. If the Iraqi government would increase the value of its currency from a tenth of a penny to, say, $2, a $25 investment could turn into $50,000.” stated by the three local men of Ohio who are caught promoting the currency.
According to many people, dinar will be revalued and they are seeing this as a wise investment. However, there are some cases of scams, where buyers did not actually get real currencies.
Probably, this is likely to be the reason for Iraqi governments plan for strengthening their currency’s security features.
A couple of months ago, Iraq introduced its new and improved currency with an enhanced security features like guarantee ribbons and the feature that’s being used around the world, the SPARK feature.
Ihsan Shamran al-Yasseri, treasury director of the Central Bank of Iraq announced the move, emphasizing that this was a positive step forward that will help strengthen the currency. In connection with this major move al-Yasseri stated:
“The new currency, of which the small value ones have been offered for circulation, is not much different in form from the notes currently being used by the public. But these are infused with safer and more effective technical specifications containing security symbols and many technical characteristics that will give the notes longer life and make it difficult or almost impossible to counterfeit. Many of the present currency notes have become overused and it was necessary to renew them with the addition of features that would make the notes more able to effectively resist the constant circulation as well as attempts at forgery.”
The new notes (dinars) include the following denominations: 250, 500, and 1,000 Iraqi dinars and the larger denominations as well such as 5,000, 10,000 and 25,000, these new notes are to be used together with the old notes until they are phased out.
If one wishes to buy dinar and perhaps make it an investment. Go with the legitimate supplier who’s been for quite some time like the GID Associates, they’ve been in the business for a decade and counting and are trusted to provide genuine Iraqi dinars. They also have various plans to choose from with a low down payment which starts at $75 for a million of authentic Iraqi dinar, the customer can pay the balance within 30 days.
GID Associates has been a Money Services Business since August 2004. As a MSB, the company has implemented a Bank Secrecy Act / Anti-Money Laundering Compliance Program. The company does not provide any investment advice.
GID Associates has sold billions of Iraqi Dinar to thousands of United States citizens and is believed to be the largest seller of the currency in the United States.