APRIL FOOL: New Iraqi Dinar to Change World Banking

By Marc Snaid.

The Central Bank of Iraq (CBI) has announced that the introduction of the new Iraqi currency has been further delayed due to teething problems with the cutting-edge technology that it will employ.

Radical new functionality including fingerprint recognition and near-field communication (NFC) promises to create a world-leading new monetary system, which will be the envy of governments around the world.

Several years of collaboration between the CBI, the World Bank, and Goldman Sachs, has made it possible to create a database to track the location and ownership of each dinar note, making the monitoring of transactions much easier.

Professor John Frink, of Springfield Heights Institute of Technology, who worked on the program, explained:

"Each note already has its own serial number, so it is a simple matter to set up a database to record the location and movement of each note.

"Near-field communication, which is already used in contact-less credit and debit cards, allows the notes to communicate with your mobile phone [cellphone] and relay information to our computers.

"Touch-sensitive paper can even record the user's fingerprint, for additional peace of mind."

37 Responses to APRIL FOOL: New Iraqi Dinar to Change World Banking

  1. 2collectg 1st April 2013 at 08:36 #


  2. Lorenzo 1st April 2013 at 09:11 #

    It could be a case of April fools but I am afraid that his is not the case. If the article is correct, I believe that the first decision to be made is that "we need help because we are not competent for introducing a new currency".
    Such things do not happen that often and the project management skills of the CBI are just a bad joke. Why not use the World Bank assistance or European Central Bank who have experience of launching new currencies with all the complexities involved?

  3. typhoidfvr 1st April 2013 at 09:31 #

    April Fools! A fingerprint reading dinar?!?!?!?!?!

  4. typhoidfvr 1st April 2013 at 09:32 #

    Springfield Heights Institute of Tech....S.H.I.T.

  5. 2collectg 1st April 2013 at 09:54 #

    the spokesmans for the CBI (DR.al-JOLSON) WOW you guy`s will believe ANYTHING!

  6. Bill Lightheart 1st April 2013 at 10:15 #

    It really works !

  7. Homer Simpson 1st April 2013 at 13:26 #

    Professor John Frink, of Springfield Heights Institute of Technology........ Lead by Homer and Bart Simpson, the project would commence immediately. Wake up people.

  8. Shredd 1st April 2013 at 14:12 #

    Nice try but his one is a fake. Al Jolson was an actor/singer who died in 1950!

    Also, Professor John Frink, of Springfield Heights Institute of Technology is from the SIMPSON's cartoon!!!!!!!!!!!!

  9. Shredd 1st April 2013 at 14:23 #

    Springfield Heights Institute of Technology (S.H.I.T.) is a further education institute in the Springfield Heights district of Springfield. It has a focus on science, technology and engineering. Jonathan Frink is a professor here, and once taught Apu, who came to the institute after graduating from the Calcutta Technical Institute.

  10. Intelligent 1st April 2013 at 14:24 #

    There's always an excuse. One thing after the next. The sad thing is, there are many people who are relying on this to get back to living, to pay bills, to eat, to have their lives back. Many people have quit their jobs or lost their jobs and now have their hopes in the "Dinar". Many people are about to lose their homes because they have no income and are counting on tne "Dinar". The Dinar is real but no one knows when it will become fruitful. Many people have been deceived into believing that if they give up their hope in the Dinar they are giving up their hope in God. They have been brainwashed into believing God's faithful followers who have invested in the Dinar will prosper if they only believe. Well, I'll tell you this, the only thing I believe in is that the creativity of excuses, as to why the Dinar hasn't boomed in value, is plentiful and will only continue to go on and on and on and on. Meanwhile, many people will suffer, lose their homes, go hungry, go without healthcare, end up in shelters (if theyre lucky.) I really wish someone would be honest about the whole Dinar thing and realize the harm that the lies are doing to real life human beings. God gives us common sense and sometimes he allows us to be taken advantage of only so we can learn and pass on our knowledge to prevent the suffering of others. Its time that God's faithful followers truly pray for direction and stop allowing themselves to be deceived by Satan's army.

  11. gwp1616 1st April 2013 at 15:45 #

    The Iraqi Business news is NOT going to play April Fools day jokes. This is real for sure...

  12. Iraq Investor 1st April 2013 at 17:42 #

    And Marc Snaid is an anagram of ...

  13. B Squared 1st April 2013 at 17:47 #

    Dinar Scam.

  14. Editor 1st April 2013 at 17:57 #

    For anyone still in doubt, it is of course an April Fool joke 🙂
    - Editor

  15. mk 1st April 2013 at 20:19 #

    My favorite part. It will communicate with them via your cellphone and report daily in addition to paying your taxes!! LMAO... That is some funny junk there. Current dinar will only be good for 3 months.... Dinar holders must be ****ing cinder blocks now!!! heh heh heh....

  16. paul poliseo 1st April 2013 at 23:23 #

    April fool joke might bite you in the ass Irag and kawait coperating to get out of chapter 7 .Kawait high price against the dollar to work together to keep its oil high .proping up Irag to maintain stability in area. Joke may be not

  17. Kickabuck 2nd April 2013 at 00:18 #

    This isn't the first time, this happens here on April Fools Day! I enjoy the humor! Keep it up! Welcome newbies 🙂

    If you want this to stop, just send them a big fat check.

    Until then, learn to separate fiction from reality...there are limits.

  18. 2collectg 2nd April 2013 at 01:05 #

    the world bank has stated that they`re gonna back the iraq dinar WITH THEY`RE FULL FAITH AND CREDIT relax everybody once the KING arrives this thing is DONE!!! iraq has told you several times they will RETURN THE DINAR TO NORMAL! and the world bank the imf the united states and the arab world is gonna make sure it DOES!

  19. James Mendez 2nd April 2013 at 01:34 #

    Lol lol lol lol

  20. Daddy WarbBux 2nd April 2013 at 05:26 #

    Jokes are meant to be funny. This one just adds insult to injury with all of the other propaganda that gets presented as news about the Dinar.
    At least you haven't broken ranks.... Thanks?

  21. 2collectg 2nd April 2013 at 16:12 #

    to all who laugh snicker about this INVESTMENT look a the MONETARY organizations dealing with this CURRENCY then ask yourself would the WORLD BANK the IMF the US TREASURY the arab monetary fund canada germany japan china do you guy`s really think there over there to play like iraq has money? once the NATIONAL BANK OF KUWAIT move into iraq i knew this thing was almost over why would a bank who`s currency sit`s @3.50 moved into a country who`s currency is 1166? becuase it`s not 1166 it`s worth a WHOLE LOT MORE just sit back and let the KING of kuwait arrive this thing is about money and a whole lot of it!

  22. clap 2nd April 2013 at 16:49 #

    The Professor John Frink, of Springfield Heights Institute of Technologyis is a fake. It is from a Cartoon.

  23. kev 2nd April 2013 at 17:38 #

    LOL. Another great April Fool. I thought last year's was the best:-

    Worldwide Celebrations as Iraqi Dinar Revalues 1:1000!

    The unprecedented 100,000% revaluation was welcomed by businesses all across the world, who saw nothing strange about paying $1,000 today for something that was priced at $1 yesterday. At the stroke of a pen, foreign companies now pay their cleaning staff in Iraq more than they pay board-level directors back at home.

    "Billy Bob, from Alabama, exclaimed: “I knew it would happen, just like the Lord said it would!” When asked why he only invested $1,000 if he knew it would revalue, he declined to comment."

    "Peggy Sue, of Butte, Montana, said: “Wooo hooo!!! I knew if I just said ‘Go RV!’ one more time on an internet forum that it would somehow make it all come true – you just have to believe hard enough!”

    An Iraqi government official told us off the record: "It’s so obvious, with hindsight – we should have done it sooner. All we had to do to be richer was to say the currency is now worth 1,000 times more, and everyone would be willing to pay 1,000 times more for it. I mean, wouldn’t you?"

    But one dinar seller, who asked not to be named, said: “I’m devastated! If I really thought this was going to happen, do you think I’d have sold dinars at the old price? What sort of an idiot was I!”


    Epic. Just epic... 🙂

  24. Coozbee 2nd April 2013 at 18:42 #

    First of all; Lorenzo you are FULL OF SH*T. If you made money like that, you wouldn’t be wasting your time on this website, for any reason. Now about this big HOAX with the Iraqi Dinar. Give it up people
    this will NEVER happen. Those people can’t agree on anything. George W. and Cheney, had this planned out way ahead of time. The Irqi’s own government official are raping the country of its wealth, and those people don’t have a clue about what’s happening with their own government. The Iraqi politicians are just hoarding the wealth, and the Iraqi people are still LOST with no DIRECTION. This Dinar thing is a COMPLETE waste of your hard earned money, and this sham will continue for years. PT Barnum said it himself “there’s a sucker born, every minute” Be SMART, and save what money you have. Right now the rich are trying to grab all the US dollars they can, join that group, not this make believe Dinar Wealth fantasy.

  25. James Mendez 3rd April 2013 at 14:54 #

    Coozbee, bro 100p/c agreed w/you.

  26. 2collectg 3rd April 2013 at 17:20 #

    i got a question for all who are NAY SAYERS you think bush and cheney have dinar? i bet they got PALLETS of the dinar in they`re safes you folks need SOME MONETARY EDUCATION! the world bank the imf the us treasury DON`T PLAY WITH FAKE CURRENCY the dinar is as real as those US DOLLARS you clock in for everyday on your job! GET REAL THE DINAR IS GOING TO RETURN TO WHERE IT WAS AND THE WORLD BANK MADE THAT STATEMENT AND TOPPED IT OFF WITH WE WILL BACK THE DINAR VALUE WITH OUR FULL FAITH AND CREDIT!

  27. Coozbee 3rd April 2013 at 18:29 #

    2collectg, you sound like your retarded. If they had pallets, that's one mighty big SAFE that they would need. You can bet anything you want, doesn't make it true. I proposed two questions, that NO ONE seems to be able to get around. Any COMPANY doing business in Iraq, will NOT accept the Iraqi Dinar as payment for any Goods por services, and this was before the chopping of of the zero's. Do you think those Iraqi politicians are paid in Dinar, or Maliki himself???? If they don't want their own Dinar, WHY would anyone else WANT it. It's worthless, and becoming more worthless, as the zero's have been taken off. All of those businesses setting up shop throughout Iraq, refuse to accept the Dinar for ANYTHING!!!!! What does that tell you?????? Hmmmmmmm, just think with all those pallets of Dinar, they will be SUPER RICH, all they have to do is sit on it for 400 yrs. for it to become valuable and worth something, right 2collectg. Get a brain, a roll of paper towels is worth more!!!! Stop dreaming, IT'S a FANTASY, that WILL NOT HAPPEN!!!! Their own government employees, won't accept payment with it, and YOU think it will become WORTH something SOON!!! Man, my 6 yr. old kid is smarter than that. Save your hard earned dollars, and chalk this up to experience, being ripped off by thieves and scammers. Good Luck, and buy something that TRULY will benefit you and your family, unless of course you're one of the guys selling this bullsh*t worthless currency.

  28. John Richardson 3rd April 2013 at 21:52 #

    Coozbee, you're new here so I'll give you a "heads up". The person called "2collectg" is a well known pumper troll with serious literacy and paranoia issues to put it mildly, plus an almost autistic-like obsession with the Dinar. Aside from typing most of his posts ALL IN CAPS (what does that tell you), in below post, he can't even tell 1 million from 1 billion - even with two attempts with a calculator (and still thinks 3 x 85 = 255,000, and believes Iraq is paying paid $85,000 per barrel of oil...)

    Elsewhere on a topic about gold reserves, he also claimed to be a "master jeweller" yet couldn't tell the difference between a gram, a kilogram and an oz of gold... (which is a bit like claiming to be a heart surgeon and ending up not knowing the difference between a Coronary artery and a toenail) or understand why Iraq's $1.6bn of gold reserves isn't going to "support" a delusional $75,000bn of circulated "RV'd" Dinar...

    Old Internet Rule #1 : Those who type in ALL CAPS and use words like "naysayers" usually have the smallest brains, the loudest mouths and are the first to not only get sucked into scams, but actively defend the scammers against in a manner not-dissimilar to "Stockholm Syndrome" (as also witnessed on many Dinar scam boards run by certain "pied piper personalities" posers pretending to be secret agents with "secret intel" pulled out of their behinds, leading their followers into a merry dance with the same long-debunked nonsense year after year)...

  29. Coozbee 4th April 2013 at 06:30 #

    Well John;you are someone who actually knows what is going on with this whole Dinar thing. All I kept hearing over and over, was that any day, it would happen, or they were waiting on something that was pending. Finally, someone who has explained, how this HUGE scam has been going on for years. Sorry John, I use Caps a lot too, but just trying to make a point, and trying to communicate with individuals who are just plain stubborn and oblivious to common sense. That old saying you can lead a horse to water, but can't make him drink it. The reason I am so adamant about this, is that I saw many many many people buying this Dinar, and living a fantasy that it would bring them entirely out of debt, and that they would have money to retire
    and live like a king for the rest of their lives as soon as revalued.
    Now the Dinar has spiral farther down, and these scammers are still trying to sell this Fantasy story. Hopefully, people will stop and think about this, before they get sucked in.

  30. Stew 4th April 2013 at 18:15 #

    The market value, street value for the dinar is currently about 1265 per dollar. That's almost 10% below it's official CBI rate.

    It takes a very special mind to look at something that is being traded at less than it's official value, and somehow think it's going to increase in value 100,000% or even 365,000% like some claim.

    If there was any truth what so ever to the rumors, the street value would skyrocket to near what the predicted rate is. If people really thought the dinar would trade for $3.65 per dinar soon, then the street value would already be well over $1

  31. Sameir Hussan 5th April 2013 at 10:59 #

    Dear Editor,

    Many British Banks have stopped dealing with Iraqi Dinar since the end of February 2013. I can not convert my Iraqi Dinar to British Pound. I do not know the reason behind British Banks action.

  32. Stew 5th April 2013 at 17:16 #

    The same thing happened in USA a few year back Sameir. Banks started providing the service because their customers wanted it, but after banks became aware of the outlandish claims being made about the dinar, they decided it was best if they not be part of this scam.

  33. Sameir Hussan 6th April 2013 at 14:56 #


    Thank you Stew for your feedback. I heard from many businessmen in Iraq that many neighbour counties are now printing Iraqi Dinar. In other words, Iraqi Dinar is counterfeit. I am very sad because I do not expect the current Iraqi government will do anything to improve our currency at all.

  34. JIM 17th April 2013 at 21:16 #

    I also believe its a scam all the guru sites I read keep saying get ready they are going to push the button I have been hearing this CRAP for a long time, Yep they all claim to be secret agents
    well what ever makes them feel good There truck load of dinars are worthless and they keep pumping bs info so you buy there worthless paper They are full of crap I own very few and don't think they are worth no more than the paper I wipe my a*** with

  35. 2collectg 10th July 2013 at 19:43 #


  36. 2collectg 10th July 2013 at 19:48 #

    and every dinar dealer that sell`s dinar buy`s it back in fact dinar trade will give you silver or gold (precious metals!) for your dinar right now if you have enough! that should tell all you nay-sayers something right there WHY WOULD SOMEONE OFFER YOU PRECIOUS METAL FOR A WORTHLESS CURRENCY? DON`T BE STUPID I`M A JEWELER AND I WOULD LET ONE PIECE OF CURRENCY OUT MY HANDS RIGHT NOW!

  37. Stew 10th July 2013 at 21:37 #

    Little advice 2collect. Type your responses in a word processor and then copy paste into the reply box. That way you don’t look like quite so foolish calling others retards with messages that look like a 2nd grader typed them. You’ll thank me later.
    As for returning Iraq to their former international status, that simply refers to removing Iraq from UN Sanctions. It has nothing to do with their exchange rate.
    Dinar dealers claim they will buy back, but I just read an account of a guy trying to sell his dinar back and he got a major run around from 3 different dealers and none would actually buy it back.