Where can you sell Iraqi dinar?


Quick Answer

Currency dealers typically sell Iraqi dinar to investors who are banking on the hope that the currency will eventually increase in value. This transaction, however, is ill-advised due to the dwindling state of Iraq and its links to being a scheme, according to Forbes.

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Full Answer

Investors interested in purchasing dinar should be wary considering the sale of the currency is associated with a major scam that involves at least a 20 percent increase in its price, based on the false premise that the money will revalue in the future, as reported by CNBC. Analysis of Iraq's declining government and economy shows that it is unlikely for the dinar to revalue; those who have purchased dinar are advised to sell it to a currency dealer and incur the initial loss, rather than hold on to it and potentially lose more in the future, as stated by Forbes.

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