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Q: Is the Iraqi Dinar revaluation the biggest scam ever?
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Will the new Iraqi dinar ever return to previous value?

The trading value of the new Iraqi Dinar is expected to improve in the future. With the value of the Iraqi dinar increasing, it just goes to show that Iraq's economy is slowly recovering. Dinar Currency is a company that provided everything needed to successfully purchase, sell and exchange Iraqi Dinar.


Will Obama play a role in Iraqi dinar?

It is very doubtful. American presidents have certainly played a role in the world economy, but in our globalized universe, no one president or prime minister can manipulate another country's currency. Nor is there any evidence that Mr. Obama has ever wanted to do such a thing.


Will the Iraqi dinar revalue before coming out of chapter 7?

First, it must be clarified what the difference is between redenomination and revaluation. Redenomination simply means that X Old Currency becomes Y New Currency. For example, Turkey revalued the Turkish Lira some time ago where 1,000,000 Old Turkish Lira became 1 New Turkish Lira. This just meant that if a loaf of bread previously cost 1.3 million Old Turkish Lira, it now costs 1.30 New Turkish Lira. You have no more money than you did before. Revaluation is when a country gains a much stronger economy which buoys up the value of the currency. For example, imagine that a load of bread costs $3.00, then the currency is revalued, now the bread will cost $2.00, with the same bills that you had from before. This makes everything cheaper and therefore, your money is worth more.As concerns redenomination, there is no official date posted by the Iraqi Government. The government hints that it will get to it eventually, but consistently delays this. The Iraqi Government has NOT ever claimed that revaluation is even a possibility. Most economic analysts hold that the claim that Iraqi Dinars will be revalued is fraudulent and is an attempt to lure gullible people away from their money.Read more about the scam at this website.If you mean when it will revalue at a higher rate, then probably never. "The bottom line is that Iraq does not want an appreciating currency because it would not do the country any good. Iraq wants economic growth, not currency growth." -John Jagerson - Investor Place


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