Entry Submitted by LIS Capt at 8:36 AM ET on October 27, 2025
As I was conducting my own research as suggested by Judy Byington, I came across this article that was published in Iraq Business News regarding the RV. A summary of the article is below.
The article argues that for more than twenty years, many “dinar-guru” promoters have been touting the Iraqi dinar (IQD) as a once-in-a-lifetime investment, claiming a dramatic revaluation (RV) is imminent. But according to the article, these claims are unsupported by economic fundamentals, amount to investment scams, and continue circulating despite repeated failed predictions.
The ten false claims the article exposes
1. “The Dinar will return to its pre-war exchange rate.”
Claim: The IQD will revert to the high value it was said to have before the 2003 invasion.
Reality: That previous rate was artificially maintained by S----m Hussein’s regime; modern Iraq’s economy and currency structure cannot support that level.
2. “Iraq has the world’s largest oil reserves (so the dinar must revalue).”
Claim: Iraq’s supposed oil wealth guarantees an imminent dramatic currency increase.
Reality: While Iraq has sizable oil reserves, it does not rank first globally; more importantly, oil reserves alone don’t ensure currency strength.
3. “The revaluation will happen by [specific date].”
Claim: Promoters set precise dates tied to holidays, events or government meetings when the RV will occur.
Reality: None of these dates have come to pass; such date-setting is a hallmark of potential fraud.
4. “Major banks are secretly preparing for the RV and offering special rates to dinar holders.”
Claim: Banks will give privileged exchange or “tier-one” opportunities ahead of RV.
Reality: No credible evidence supports special bank rates; official banking authorities have not sanctioned these claims.
5. “The International Monetary Fund (IMF) will force Iraq to revalue the dinar.”
Claim: The IMF or global institutions will mandate a massive upward adjustment of IQD.
Reality: The IMF has in fact urged gradual, market-based adjustments — not dramatic overnight shifts.
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6. “One dinar will be worth several U.S. dollars.”
Claim: Some predictions suggest massive returns, e.g., one IQD becoming equal to multiple USD.
Reality: Such a drastic jump would require unprecedented economic transformation, which is unrealistic.
7. “Iraq will ‘delete the zeros’ (redenomination) and that equals revaluation.”
Claim: Removing zeros from currency equals a big value jump for holders.
Reality: Redenomination just changes face value (e.g., 1 000 old becomes 1 new) without changing purchasing power.
8. “The dinar is a ‘safe-haven’ investment.”
Claim: IQD is presented as a low-risk alternative to stocks, bonds, etc.
Reality: In fact it’s very risky — low liquidity, high transaction costs, political/economic instability in Iraq.
9. “Major world events will trigger the RV.”
Claim: Global resets, new monetary systems, geopolitics will make the dinar revalue dramatically.
Reality: Currency values are driven by real economic fundamentals (inflation, trade balance, stability) not conspiracy events.
10. “Wealthy elites/institutions are secretly buying dinars before the RV.”
Claim: Behind-the-scenes big players are accumulating IQD in anticipation of RV.
Reality: There is no credible evidence of institutional accumulation—professional investors avoid currencies with poor liquidity and high risk.
Additional warnings & advice
- The article highlights typical red flags: guaranteed high returns, urgent deadlines, conspiracy narratives, anonymous “insider” testimonials.
- It advises investors to consult licensed financial advisors (not “dinar gurus”), research the actual economic condition of Iraq, understand currency investment risks, and be skeptical of extraordinary returns promised.
Conclusion
The article’s bottom line: While the Iraqi dinar is a legitimate currency, the idea of it undergoing a sudden, large-scale revaluation (to make holders rich overnight) is economically implausible. The narrative around RV has persisted for decades, yet none of the predictions have come true. Instead of relying on speculative hype, investment decisions should be based on real economic fundamentals, not wishful thinking.
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Regards,
LIS Capt
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