The Iraqi dinar, nearly worthless currency of the war torn nation of Iraq or opportunity to get rich quick?
Financial cranks around the internet seem to believe the second. If you search around social media for Iraqi dinar, or revaluation, you'll see an interesting scheme afoot.
Cranks are claiming that a "revaluation" is coming. Basically, they believe that some government agent is going to wave a magic wand and revalue the dinar, making the once worthless currency worth orders of magnitude more.
For example, searching twitter for Iraqi Dinar leads to some interesting posts:
https://twitter.com/hashtag/iraqidinar?lang=en
As far as I can tell, this whole scheme just seems to be mostly a scam by dinar sellers to fleece rubes who don't understand how currency revaluation works.
Revaluation does occasionally happen in countries that has a currency that has become worthless through inflation. The rubes don't seem to understand that it always involves issuing a new currency note, and that old notes that aren't converted (still at near worthless rates) into the new currency eventually become worthless pieces of paper.
Much of this scam seemed to be a a mostly right wing thing that focus on everyone's favorite wet boy, Donald Trump.
https://www.thedailybeast.com/trump-...aqi-dinar-scam
Financial cranks around the internet seem to believe the second. If you search around social media for Iraqi dinar, or revaluation, you'll see an interesting scheme afoot.
Cranks are claiming that a "revaluation" is coming. Basically, they believe that some government agent is going to wave a magic wand and revalue the dinar, making the once worthless currency worth orders of magnitude more.
For example, searching twitter for Iraqi Dinar leads to some interesting posts:
https://twitter.com/hashtag/iraqidinar?lang=en
As far as I can tell, this whole scheme just seems to be mostly a scam by dinar sellers to fleece rubes who don't understand how currency revaluation works.
Revaluation does occasionally happen in countries that has a currency that has become worthless through inflation. The rubes don't seem to understand that it always involves issuing a new currency note, and that old notes that aren't converted (still at near worthless rates) into the new currency eventually become worthless pieces of paper.
Much of this scam seemed to be a a mostly right wing thing that focus on everyone's favorite wet boy, Donald Trump.
Quote:
|
rump Fans Sink Savings Into ‘Iraqi Dinar’ Scam The president’s true believers are convinced he’s going to make them millionaires with Iraqi currency. |
via International Skeptics Forum https://ift.tt/39Adiy7
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