The Iraqi economy has been in a bad state for a long time and shows little sign yet of recovery.
The current exchange rate is about 1,200 Dinars to the American dollar. But the currency is basically worthless outside of Iraq so the real value on the open market is more like zero.
The scammers offer Iraqi Dinars for sale at cheap prices – “Buy now before the currency rebounds and you can become a millionaire overnight”.
A lot of Americans, in particular, have been targeted for this scam and fallen for it, despite it so obviously being fake.
No-one would sensibly buy Dinars expecting them to rise in value, but some people have suitcases full of the stuff.
The scammers even claim that Donald Trump is investing massively in buying Dinars – all lies of course.
Buying foreign currency of any kind is a risk but buying Iraqi Dinars is just dumb.
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