What Is the Iraqi Dinar Scam?

By Staff WriterLast Updated Mar 26, 2020 9:13:39 AM ET

The Iraqi dinar scam tricks victims into believing Iraqi currency is about to undergo a revaluation, encouraging them to exchange their dollars for dinars. The scammers usually rely on fake websites and news reports to provide hype, and draw comparisons to the rise in value of the Kuwaiti dinar after the first Gulf War. Victims are told to hold their dinars until they become extremely valuable, which never happens.

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