APRIL FOOL: How to Make Millions Selling Iraqi Dinars

The great Iraqi dinar scam, in which con artists peddle the false hope of a massive revaluation of the Iraqi dinar, seems to be finally dying out.

That makes the time right for one of the architects of the scheme to make some more money, this time writing a book about her road to riches.

Eve Dakota (not her real name) told Iraq Business News that while the tricks used to gull people out of money are as old as civilization, the Iraqi dinar presented an opportunity probably unique in the history of scams.

"Many of our victims believe there someone or something mysterious is controlling everything that happens, and we were able to tap in to that," she said.

"It appeals to some strands of Christianity, who see some association with the Book of Revelations and a resurgent Babylon; it appeals to the sort of conspiracy theorists who think that the CIA, Goldman Sachs, the Illuminati and the Republican Party have a grand plan for what they call a 'Global Currency Reset (GCR)'; there are even people who think that this is all being controlled by extraterrestrial life forms."

"All these people want to be on the inside, to be part of the chosen few who will profit spectacularly."

"On top of all that, people desperately want to believe, with many even believing that by thinking positively and having 'faith' they can change the course of world events ... these are the people we target."

Eve's new book, "How to Make Millions Selling Iraqi Dinars", will be launched later today.

19 Responses to APRIL FOOL: How to Make Millions Selling Iraqi Dinars

  1. joe 1st April 2015 at 11:21 #

    April fool's.

  2. Editor 1st April 2015 at 17:20 #

    This was, of course, an April Fool.

  3. Barry 2nd April 2015 at 07:17 #

    LOL! And still people fall for it... 😀

  4. Richard 15th April 2015 at 19:23 #

    Revalue will never take place this year 2015.. It is official and well-know that in the preliminary stage ( 2015 ) CBI will issue new smaller denominations of 50 & 100 Iraqi new dinar. Deletion of zeros, according to CBI, is a must and certain procedures have taken place since October 2014 to pave the way for the deletion of zeros in the first quarter of 2016.

  5. Richard 15th April 2015 at 19:25 #

    New Committee formed for issuing New Iraqi Dinar Denominations

    Baghdad- Iraqipress- April 11- To drop off zeros from Iraqi currency, the Parliamentary financial committe revealed that a committee from CBI was formed to issue 50 & 100 New Iraqi denomination as a prestep towards dropping off zeros and revaluation.
    In this respect, the Committee member Masud Haider said:- The CBI governor and the formed Committee are studying this subject, the security fields & comparison with the other denominations as a preliminary step towards the beginning of New Denominations issuance.
    He pointed out that there are still procedures towards the dropping off zeros and RV as there must be large denomination that should be replaced with the new 50 dinar denomination, for example.

  6. John Olesen 28th April 2015 at 03:45 #

    50 Billion Dinar Printed Money Shipment in Iraq https://youtu.be/GA7mwCKXy0Q

  7. Boyd Richards 11th May 2015 at 13:41 #

    In fact, it is unfair to say that all Iraqi dinar sites are selling
    dinar on misleading hype. I don't deny it there are some sites
    exaggerating on revaluation and the expected dinar value after
    revaluation but still many respectable sites offer very useful
    informative platform for investors in Iraqi dinar. Some sites update
    with news on the Iraqi economy and the situation in Iraq and the
    expected deletion, dropping of zeros. They offer blogs, forums and news
    excerpts. Of course there are some zealous iraqidinarholic who express
    their thoughts in such forum in an exaggerated over zealous manner but
    is the the fault of site owners. most of the respectable Iraqi dinar
    sites offer daily currency convertor and daily results of the Iraqi CBI
    auction. Iraqi dinar is an investment because of the economic situation
    in Iraq gets stable, the value of the Iraqi dinar will increase
    gradually or dramatically. Both senarios are possible.

  8. Barry 16th May 2015 at 22:31 #

    Boyd Richards - "In fact, it is unfair to say that all Iraqi dinar sites are selling dinar on misleading hype.

    No it isn't. You think people are buying Dinar for a planned vacation? Most such MSB's (Money Service Businesses) in the West are talking advantage of a semi-legal loophole to pump & sell them almost totally on misleading "make 300,000% profit overnight" scammer hype. The same sites are even pumping the abandoned Zimbabwe dollar (which isn't even used in Zimbabwe anymore), Vietnamese Dong, Indonesian Rupiah, etc, as "magic beans investments" all on the back of the same fallacious "let's pick the 10x world's weakest currencies that have plummeted in value due to chronic / hyper inflation, then pretend the reason they're weak has nothing to do with inflation, but because they're 'secretly undervalued' and 'just awaiting an +300,000% adjustment'" nonsense (which is debunked in 5 seconds flat simply by looking at their money supplies vs currency reserves).

    Same for the dishonesty of those who falsely conflate the term "revaluation" to describe "deleting the zeros" (a redenomination) whilst pretending to "explain" what's going on. Many forums on the "RV" scam are tightly controlled and heavily censored, often run by scammers using fake names (eg, Dinar Vets is run by "Adam Montana" (whose real name is James Wolf)), many others have fabricated military or forex guru history, pretending to have "secret contacts", etc. Most English language Western blogs (complete with "This website is for entertainment purposes only" disclaimers) and comments on anything to do the Dinar are filled with desperate people who know almost nothing about Iraq, the Dinar, the Swiss / Saddam Dinar's value, how foreign currencies are genuinely valued against each other, the effect of the money supply on a currency's value, why the Dinar has been falling in value due to chronic inflation since the FIRST Gulf War, where all the Iraqi coins went (inflated out of existence), and who end up spending hours each week sitting around telling each other what they want to hear on the back of 'RV guru' secret agent fantasies, regurgitating the same "get rich quick fantasy economics" stuff week after week, month after month, year after year.

    Boyd Richards - "Iraqi dinar is an investment because of the economic situation in Iraq gets stable, the value of the Iraqi dinar will increase gradually or dramatically. Both senarios are possible.

    First up, anyone who calls it an "investment" is usually a scammer. (You don't "invest" in currencies, you speculate on them). Secondly, you don't buy banknotes at ripoff +25% buy/sell markups to "invest" either. Thirdly, economic growth does not = stronger currencies. See dozens of examples including South Korea, Japan, Lebanon, etc. This is simply the same chronic ignorance of how currencies work. Currency is not a stock in a nation's GDP. Forth the Iraqi Dinar is weak because Iraq have printed 90tn of them (vs 25bn in 1991 when the IQD was 10:1 vs the USD). And fifth, if the CBI were forced to buy-back IQD at far more than they issued them, Iraq would go bankrupt overnight beofre everyone changed even 1% of their banknotes up...

    I wish you well in the slim chance you have an actual genuine tangible infrastructural investment in Iraq (stuffing a few Dinar into your sock drawer is not one), but please stop making subtle excuses for the low-life "RV" scammers here. We all know exactly why they're selling & pumping only banknotes that have 3 zeros after them - the old "pretend currency devaluation due to hyperinflation is 'really' secretly undervalued wealth" 'RV' scam. The fact the same people are selling Zimbabwe notes you can't even spend in Zimbabwe anymore pretty much sums up both the "honesty" of the MSB's and the overall level of gullibility & Forex cluelessness of the "faithful" ... 😉