Iraqi Dinar Investments: Opportunity or Scam?

Better Business Bureau (BBB) is warning consumers across the United States to be wary when considering any foreign currency investment, particularly the Iraqi dinar.

Over the years, BBB complaints nationwide about dinar investments allege a number of scams surrounding the profit potential of dinar currency investments. For this reason, BBB advises consumers looking to buy dinar to familiarize themselves with the most popular scams involving Iraqi dinar and recommends making an informed decision.

According to the U.S. Commodity Futures Trading Commission (CFTC), the growing number of investment opportunities in recent years has been accompanied by a spike in foreign currency trading scams.

While there are legitimate firms that trade foreign currency in foreign exchange markets, others utilize promises of large profits, religious associations, and charity affiliations to take consumers’ money.

“The web is filled with promises of making millions of dollars by investing in Iraqi currency,” said Catherine Ralls, BBB Trade Practices & Investigations Specialist. “Consumers should know that investing in promises of fast profits from currency trades could lead to potential losses.”

BBB provides the following tips to those considering investing in Iraqi dinar:

2 Responses to Iraqi Dinar Investments: Opportunity or Scam?

  1. cehona July 5, 2012 at 3:35 pm #

    Serious financial high risk speculation in the hands of charlatans, is disaster.

  2. adrian July 6, 2012 at 5:54 am #

    And yet the gullible do not realize that they have been deceived with the same stories broker, dealer, gurus and pumper not believe. That the only millionaires are those who have sold the dinar, and never receive anything who bought even selling it to others with the same stories we were cheated. Not knowing anything about the issue of currency investments do not realize all the gains won by the charlatans. All this has been a scam and I hope the feds arrested soon everyone because there were many who left their salaries, savings, sold properties, loans and made ​​many sacrifices to buy dinars, because they believed each lies they said. Many sold this scam in the name of God that was a blessing from heaven. I hope justice will be done soon.