By a Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
Anecdotal evidence, including inquiries to Iraq Business News, seems to suggest that supporters of US President-elect Donald Trump are more likely to believe that the Iraqi currency, the Dinar (IQD), will increase in value by an unprecedented multiple, some saying by as much as 1,000-fold!
The correlation between being a Trump voter and believing in a significant revaluation of the Iraqi dinar (often called the "dinar RV" theory) is not rigorously studied, but there are social and cultural dynamics that might help explain the connection between the two groups.
The Dinar revaluation theory emerged after the 2003 Iraq War: The basic premise is that the Iraqi Dinar, which traded at around 3 IQD per USD before the 1991 Gulf War but crashed to roughly 1,310 IQD per USD, would suddenly revalue back to its previous rate or even higher. Believers often hold large quantities of physical Dinar notes, sometimes investing tens of thousands of dollars.
The theory's spread among Trump supporters was facilitated by several factors:
The "Global Reset" Narrative:
- Many believers connected the Dinar revaluation to a broader theory about Trump leading a massive reorganization of the global financial system
- This often tied into QAnon-adjacent beliefs about Trump secretly fighting a "deep state" that was suppressing the Dinar's true value
- Some proponents claimed Trump and his team were directly involved in orchestrating a coming revaluation
Social Media Dynamics:
- The theory spread rapidly through Facebook groups, YouTube channels, and forums that also shared pro-Trump content
- Many of these platforms used similar language about "mainstream media suppression" of both Trump and the "truth" about the Dinar
- Currency speculators and scammers actively targeted these communities, recognizing their receptiveness to anti-establishment financial narratives
Political Context:
- The theory appealed to a desire for both financial windfall and validation of political beliefs
- Some promoters claimed Trump's Middle East policies, particularly regarding Iraq and Saudi Arabia, would trigger the revaluation
- The belief often aligned with broader skepticism of traditional financial institutions and expertise
Psychological Factors:
- The combination of potential financial reward and political validation created a powerful motivational force
- Believers often interpreted skepticism from financial experts as further evidence of a cover-up
- The complexity of international currency markets made it easier for promoters to make plausible-sounding but false claims
- Investment in the theory often strengthened social bonds within these communities, making it harder to abandon the belief
Despite years of failed predictions, the theory continues to circulate; some believers have modified the timeline but maintain their basic conviction. The persistence of this belief system despite contrary evidence and expert warnings illustrates how financial conspiracy theories can become deeply intertwined with political identity and resistant to contrary evidence. Both Trump supporters and proponents of the dinar revaluation theory often demonstrate a tendency toward belief in conspiracy theories or "hidden truths" that challenge mainstream narratives.
For more information on the Iraqi dinar, check out IBN's Dinar Page here: https://www.iraq-businessnews.com/the-dinar-page/?swcfpc=1
The Iraqi Dinar Revaluation Scam: False Hope, Financial Deception
Have you seen a connection between support for Trump and a belief in the revaluation theory? Please let us know in the comments below.
[UPDATE, January 21st 2025: Following Donald Trump's inauguration, let us know your thoughts on Dinar RV in our survey here: https://www.iraq-businessnews.com/2025/01/21/survey-trump-and-the-iraqi-dinar/?swcfpc=1]
See also:
Well duh..look at Kuwait for an example. Dinars have to for their country to remain independent and financially stable
No mention of the statements Al Sudani has made to the Iraqi people? Just going to leave out the important details?
NO I despise trumptrash and the disgrace and damage he has done to this country and will continue to do if allowed to take office. The once strong US of A is now laughed at and mocked for allowing a felon, rapist, egomaniac wanna be dictator to take over. I've heard that he has piles of dinar but never that he was instrumental in the revaluation. That comes from his own deranged festering mind. The revaluation theory is no mystery having made people rich after Kuwait. And the plan for the restructuring of the world economy has been in the works for decades. I was told about it by a stranger who wanted to share the opportunity. I don't know his politics and never saw him again. But I knew immediately that this was an investment I needed to make and that it is soon going to pay off. There are currency holders from all professions, ethnic groups, religions, and political sides involved...anyone who understood history and was willing to wait for as long as it takes.
@Steve, if you can provide a link to anything relevant from an authoritative source we will be happy to publish it. Looking forward to hearing from you - Ed.
First, I want to say that “Judy” is delusional about President elect Trump. If she dug, just a little, she’d see how Trump is shutting down the deep state swamp and all the pedo’s!! As far as the dinar goes, all you have to do is watch the governor and PM to see that, yes, the dinar “will be stronger than the dollar”, direct quote from Al-Sudani. Anything else you hear or read, is misinformation, PERIOD. Have faith and be patient, oh and don’t listen to people like “Judy!!” LOL
I feel sad for Judy. She obviously only listens to fake news such as the article above. Boots on the ground in Iraq report to several podcasters about the progress of the dinar plus you can read articles about the budget, finances and progress Iraq is making. AI really does fool a lot of people.
Lietrally millions people of glob have procured paper money from Iraq by fostering USD to build Iraq. Iraq is along way to success and time has come to get its currency recognised,revaluated and traded internationally. We Investors expect from USA Iraq to wwork together to revalute Iraqi Dinar at leqst during SAddam HUsain period.
Farooqi 27th December 2024 at 08:30 #
Lietrally millions people of glob have procured paper money from Iraq by fostering USD to build Iraq. Iraq is along way to success and time has come to get its currency recognised,revaluated and traded internationally. We Investors expect from USA and Iraq to work together to revaluate Iraqi Dinar at least refering valuation during Saddam HUsain period.
@Judy, Stay strong, you will experience the Great Awakening soon.
THIS ARTICLE WILL NOT AGE WELL! ?
I believe the dinar will reset with the Trump administration in charge.
I haven't followed the dinar revalue for quite awhile. I'm surprised it still exits. A good friend Doug invested a lot in it almost from the beginning of the scam. As a knowledgeable person in economics and currency I never supported it and have always said it was a scam. Doug followed the blogs daily and years have gone by and Doug died last year from Covid (not vaccinated) and never saw his dinar revalue as I told him it never would and he would be dead before it ever happened. Sad. So many years wasted in a false belief.
Blogger, you got your numbers backwards.
1 IQD equaled 3 US Dollars.
Please check Yourself.
Clearly the author has Trump derangement syndrome. The dinar revalue belief started decades before Trump entered the political arena. Get your facts straight! Oh I forgot, demon rats don’t use facts. They think boys can become girls.
No it was 3IQD to 1USD. And will be higher when reinstated. And Judy is insane at this point. As is anyone who still thinks like she does if she's even real. Please check yourself Cole Shit.
Yes, the dinar will soon revalue to equal the US dollar, but those who hold it in the US will not be able to sell it because when it revalues only dinar in the country where it is legal currency will have value then, as there will be new cash that replaces 1:1 the current dinar, but all cash or digital currency outside the country will be rejected as obsolete.
The US $ will revaluate right after the dinar, and US citizens who are not traitors or criminals will get new treasury $ to replace 1:1 the old federal reserve play money. Each new treasury note will be worth about 1 gm. gold. Then the other countries will revalue their currencies to match in a similar process.
Dennis, what about the national currency of Iraq revaluing to a strength commensurate with the other OPEC nations and it's status before the gulf war would be a "scam" ?? Such a cheesy provincial American thing to say, just ignorant..
Following Donald Trump's inauguration, let us know your thoughts on Dinar RV in our survey here: https://www.iraq-businessnews.com/2025/01/21/survey-trump-and-the-iraqi-dinar/?swcfpc=1
It will happen when it happens and Trump has nothing to do with it. It’s in the hands of the people in Iraq and not the US Felon President!
trump has only done good things for USA unlike demonic biden and evil dems.
Trump pushes Iraq to RV which will be very good for US economy and spending power in USA and build better ties with US Iraq relations.
Biden used Communist Ukraine to laundry billions of US Tax Payers dollars right back into evil Dems and Bidens pockets.
Investments are made and done in many ways. It is one’s prerogative to choose theirs. If you think it’s a scam, just don’t invest and keep your opinions to yourself. Another word jerk your dame mouth shut.?
Investments are made and done in many ways. It is one’s prerogative to choose theirs. If you think it’s a scam, just don’t invest and keep your opinions to yourself. Another word jerk your dame mouth shut.
It runs a bit deeper than that in my opinion. Firstly I despise Trump and think he is a narcissistic sociopathic rapist but above that an even worse business man. I would never have thrown my cards in with this investment if Trump was the only correlation to it's success. However there is more pointing in the direction of this investment having a large ROI than not if you disregard the absent minded Trump voters who swear by this investment just because of him. From reading this article its apparent to me that you're somewhat ignorant of the steps and progress Iraq has made so far in hopes of accomplishing the reevaluation. I measure the progress they've made from articles, not from word of mouth or from some guru. To some it up to an extant..Iraq has pretty much put themselves into a situation where they need to revalue or face financial ruin. Though I must I agree that there is a correlation between Trump voters and this investment more than I would like to personally see, there are still people in this investment that are intelligent enough to see this is more than some "scam" or "theory", not based on an imbecilic presidents word.
Hey becky, if you ran a red light 40 yrs ago then you are a Felon also...trump's charges were less than that...DBS!
Exactly, Hperk1!! To Judy too - TRUMP/MUSK NOW!!
2 Brilliant, appointed geniuses!!! ❤️??⭐️⭐️
Seriously people,
I’ve read these comments. The hatred feeling regarding Trump is utterly pathetic nonsense.
I don’t recall anyone that’s conservative or voting for Trump have anything to do with their personal choice of investments. All that hate? Take it and stick it where the sun shouldn’t be shining.
Have a beautiful day
While we help to make America healthy again.
It’s not hard to see that trump is for the people, it’s not hard to see that the Iraqi denar has to revalue sometime in the near future. What has got to be the hardest thing to see is the great people of the us fighting each other over opinions. My believe is that as long as we got transparency in our government and that government rules for the people not against them there’s no reason fight one on other. seems like the ego has gotten in the way.
The truth is easy to see when you search for it and it’s not hard to find out who’s been lying. Opinions aren’t facts and we should stick with the facts and what’s ultimately the best choice for our children’s, children’s future. Trump and the dinar are my choices, feel free to make your own
What will the dinar pumper make of todays news
Y'all need mushrooms....
Holy hate batman!
✌️❤️?