IQD Myth vs. Realities What People Believe vs. What is True

 

People sometimes hear stories about getting rich quickly by investing in the Iraqi dinar (IQD). Before doing that, it’s important to know what’s real and what’s misleading.

After reading the cons, take a look at the pros at the end of this article.

What people believe vs what’s true

• Many people claim you can make a lot of money quickly by buying dinars, especially if the value (exchange rate) suddenly increases significantly. But experts say this kind of “big jump” is very unlikely for a long time.

• Rumors on social media suggest that insider deals or government actions could make the dinar’s value soar overnight. These rumors often originate from individuals selling something, rather than from reliable sources.

• Some believe that the U.S. government or other outside forces prevent them from profiting from dinars. That’s usually not true.

Real facts about the Iraqi dinar

• The government of Iraq, through the Central Bank, fixes (sets) the dinar’s value instead of letting it change freely. This makes big swings in its value rare.

• Iraq’s economy heavily relies on oil. When oil prices change, they affect the country’s income, which then changes how stable the currency is.

• In the past, the exchange rate of the dinar has fluctuated significantly. Wars, sanctions, and unstable politics weakened it. It hasn’t ever shown a sudden, massive rise that some investors hope for.

Big risks you should know

• There are a lot of scams. Some people will promise guaranteed huge profits to get you to invest.

• It’s often hard to turn dinars back into dollars or other major currencies—banks outside Iraq usually don’t accept them.

• There are strict rules and regulations. Money-laundering laws and other financial laws must be followed, which makes international trading complicated.

• Because many dealers are unlicensed or not regulated, you can get ripped off.

What’s more realistic

• Iraq is trying to modernize its economy: making digital payments easier, setting up rules to prevent fraud, and reducing reliance on the U.S. dollar. These are good signs.

• Experts think Iraq’s economy could grow, but it will face challenges like corruption, political instability, and managing its government debt.

• Most believe that the exchange rate will stay relatively stable for now. Any real increase in value would likely happen gradually over many years—not all at once.

Smart tips if you still want to try investing

• Ensure that any person or company you deal with is licensed and reputable.

• Don’t rely on online stories that promise big, fast returns—they’re often used to trick people.

• Be cautious about how easily your investment can be sold. If you can’t change dinars into a usable currency (like dollars), then it’s not much use.

• Consider alternatives: investing in stocks, bonds, and precious metals.  Join the Edu Matrix Membership to discover low-cost investments that can help build your assets.

The bottom line: investing in the Iraqi dinar has many risks, and many promises you hear are exaggerated or false. It might grow in value over time, but it’s not a quick way to get rich. If you ever consider it, do lots of research and talk to experts first.

The thing is, most experts will tell you that the IQD is a terrible investment.  This may or may not be true.  What is true is that Iraq is positioning itself for a higher valued currency.  The market will control the value, and unless the Central Bank of Iraq tries to hold the currency value down, the value will increase based on the need. 

The "real" problem is that there are too many Iraqi Dinars in circulation. 

An adjustment of the currency could bankrupt the country. 

The CBI is taking all possible measures to reduce the number of banknotes in circulation by introducing digital banking. 

However, the people in Iraq do not trust the banks, and will not put their IQD Banknotes into the bank.  Thus, we are at a standoff.