LXxxxxxx: Hi friends, Some have heard that the dinar is a scam. It's not, on the contrary, it's very real.
However, some people in dinarland HAVE tried to scam people by various methods... getting them to give up their dinar in early exchange etc...
Keep your dinar and Dong and don't let it out of your hands until you're at the bank post RV!
Following is a great response by someone at the TNTDINAR forum yesterday - thought you would like to see it :)
PS President Bush signed Executive Order 13303 specifically allowing US citizens to own Iraq Dinars. So, whatever your politics - Thanks George! :
Read More Link on Right
While I appreciate your need to share with all what you have found... I do find it interesting that you are not exchanging your own dinar and vnd.
So thinking about this logically, I did some of the following:
If you go to dinar banker [for instance] you will find they have been approved by the better business bureau with an A- rating. My question is why would they not consider this a scam if what your contact says to be truth?
Or, you can search their scam listings for the dinar or IQD scams: http://www.bbb.org/us/scams/
Taking it one step further: Dinar banker is also an approved licensed dealer for the UST. Why would the UST provide such a licensing to an on-line company if this were a scam. And why would the following be posted on their site in compliance with the laws of the USgov. Especially in light of the currency scams that are going on in country and out.
Money Laundering and Terrorist Financing have been recognized globally as a serious threat to National Security and the financial industry. Sterling Currency Group views a comprehensive Compliance Program as vital to ensure the protection of our Nation and business from the threats posed by both Money Laundering and Terrorist Financing.
At Sterling Currency Group we have implemented Compliance Policies and Procedures as well as an ongoing training program for all staff. Sterling Currency Group retains an Anti-Money Laundering/Bank Secrecy Act Compliance Officer and a compliance staff to implement and execute our compliance program. This is combined with the heavy involvement of key senior management, who together take responsibility for designing and implementing our programs, policies and procedures.
To provide the highest level of customer service, Sterling Currency Group has introduced methods to meet our due diligence requirements without the disruption to the level of service we provide to our customers. We have put in place a Compliance Program that addresses the requirements of the US Bank Secrecy Act (http://www.fincen.gov/statutes_regs/bsa/),
The US PATRIOT Act (http://www.fincen.gov/statutes_regs/patriot/) and other federal laws. You, our customer, can rest assured that your transactions with Sterling Currency Group have been vetted through the highest standards of compliance with all applicable Federal Law and Regulations.
In accordance with the law, Sterling Currency Group may be required to collect information from our clients during the course of a transaction. As part of regulatory obligations Sterling Currency Group reserves the right to request and verify identification and other information for any transaction regardless of the type of transaction or specific amount exchanged.
Also, if you go to the Department of Justice website, you can search for scams. I came across this the other day and for giggles put in the IQD/dinar and nothing came up indicating this was a scam. I tried to locate the same link just now and was unable and am not willing to waste anymore time looking for it... you're welcome to try.
Moreover, why would someone like Christine Legarde and Hillary Clinton make statements that Iraq would have one of the most valuable currencies and they continue to use the USD. That all by itself makes all of your information above seem laughable.
Her statement as follows: "The dinar will eventually have substantial value, possibly the highest in the world. ... has been moved from a largely anonymous system to one increasingly laden with ... their currency," IMF managing directorChristine Lagarde said in a statement.
Finally, why would news article such as the following - an article published by Reuters and reposted by the Chicago Tribune...
They're buying what? U.S. investors latch onto Iraqi dinarNovember 15, 2012|Gertrude Chavez-Dreyfuss | Reuters http://articles.chicagotribune.com/2012-11-15/business/sns-rt-us-forex-investments-dinarbre8ae1sv-20121115_1_dinar-second-largest-oil-reserves-currency
So these a few of the things I look for when trying to ground myself in the currency exchange.
However, this is my own research and you need to do your own.
Just my opinion.