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Buy Iqd [BETTER]



You made the decision to purchase international currency such as the Iraqi Dinar, but you are wondering how you have to do the transaction. Do you send cash or check to a broker? Can you go down to your local bank and get it?




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If you are at an ATM, airport kiosk, or even a bank, there will be fees and less-than-favorable exchange rates when you use your credit card to purchase foreign currency. Many times, using a credit card in these scenarios will be considered a cash advance, so the interest rates and fees can be higher than normal purchases.


So what if you are looking for the convenience of buying currency like the Iraqi Dinar or some other exotic currency online, whether it be for investing or travel. You want it to come straight to your house and you want to purchase it securely. The only way to purchase is through an online currency exchange.


If you want to buy foreign currencies like the Iraqi Dinar online, and use your credit card for the purchase, where do you go? An online currency exchanger is the answer. However there are a handful of things to consider:


This is important because many online currency exchanges are phishing operations. They look legitimate, but they are designed to capture and steal your information. This is dangerous. Make sure any exchange you may choose to use for transactions is registered as a money services business with FinCEN.


Is the site using the latest technology to secure your payments when you are buying or selling foreign currencies? An online foreign currency exchange should use a well-known payment processor that accepts major credit cards or bank wires. Also, make sure their shipping practices are secure, and that your order is fully insured and certified.


Are you required to send a check or cash to purchase? Can you do wire transfers? Do they have a credit card option to purchase currency? These are important to consider because they help with the ease of transaction as well as the security involved in any financial transaction.


Yes, you can buy Iraqi Dinar with a credit card on many websites. At US First Exchange, we are set up to process credit card transactions for all currencies we deal in. We also have other payment options like paypal, money. We are registered as a money services business with the US Treasury, and we use the latest security protocols to protect customer data and transactions.


Purchase your flights in Iraqi Dinar (IQD) with Alternative Airlines. You can now easily search for flights in Iraqi dinar for the entire booking process and pay in Iraq's national currency, safely and securely.


The Iraqi dinar is Iraq's national currency. The dinar was brought in to replace the Indian rupee in 1932 and has stayed as the country's national currency ever since. The currency is distributed out by the Central Bank of Iraq, subdivided into 1,000 and issued out physically into banknotes of 1,000, 5,000, 10,000, 25,000, 50,000, 250,000.


The opportunity was pitched as a way to profit from a nearly worthless Iraqi dinar. Scammers promised profits were nearly guaranteed if investors bought dinars at today's values, and then exchanged the dinars back for dollars at a later date once the dinar exchange rate presumably improved.


Investors bought the currency through the firm BH Group, which charged a 20 percent markup on average, according to prosecutors. Some of the scammers also touted false military achievements, prosecutors say.


The purchase, Kotseos said, cost her and her husband somewhere between $5,000 and $10,000, counting the cut to the company that sold them the dinars. Two of her adult children have bought millions more dinars, too.


Dinar promoters have claimed that near-mythical event will occur for nearly a decade. But if it does it would theoretically make a millionaire of anyone with the foresight to put just a few thousand dollars into dinars.


The rumored wealth surrounding the dinar dates back to its pre-Gulf War price, when each dinar was more than $3. But sanctions and years of war have pummeled its value to less than one-tenth of one U.S. penny.


The most devoted dinar investors tend to become obsessed with the minute details of Iraqi politics, convincing themselves that a new director of the Iraqi central bank or a particular infrastructure program in Nineveh is all that stands between them and millions of dollars.


Online orders are limited to a maximum of $3,000 (USD equivalent) per day and a minimum of $200 (USD equivalent) for one order. The minimum purchase amount for each currency is $25 (USD equivalent) and up to five types of currencies can be added to one order. All currencies in your order will be sent in a single shipment and the delivery date will depend on availability of currencies.


More information about ordering foreign currency online or by phone: The shipping and handling fee may vary based on the USD amount of foreign currency cash that you order. The shipping and handling fee will be added to your total order amount. We'll send you an email confirmation when your order ships. Note: Less common currencies may take longer to process and deliver, due to limited availability. Delivery to Alaska, Hawaii, and U.S. territories may take longer. A signature is required upon delivery. We do not deliver to P.O. boxes.


In addition to any applicable fees, Wells Fargo makes money when we convert one currency to another currency for you. The exchange rate used when Wells Fargo converts one currency to another is set at our sole discretion, and it includes a markup. The markup is designed to compensate us for several considerations including, without limitation, costs incurred, market risks, and our desired return. The applicable exchange rate does not include, and is separate from, any applicable fees. The exchange rate Wells Fargo provides to you may be different from exchange rates you see elsewhere. Different customers may receive different rates for transactions that are the same or similar, and the applicable exchange rate may be different for foreign currency cash, drafts, checks, or wire transfers. Foreign exchange markets are dynamic and rates fluctuate over time based on market conditions, liquidity, and risks. Wells Fargo is your arms-length counterparty on foreign exchange transactions. We may refuse to process any request for a foreign exchange transaction.


Phil Lloyd of Devon, England, 41 years old and unemployed, is one of them. A simple typing error while surfing the Internet gave him the idea to bet on Iraq and, perhaps, become a millionaire overnight.


Searching for a dinner set on eBay one evening in 2003, Lloyd misspelled the first word and found himself looking instead at a page of \"dinar\" auctions: wads of the new Iraqi dinar, introduced that year. Some of the listings claimed this was potentially a dynamite investment: Buying into the Iraqi currency at its historically low exchange rate would hold the potential for an enormous profit in the future.


After some Web-based research, Lloyd decided purchasing hard-cash dinars on eBay was a \"good risk.\" He explained, \"Since I live on a council estate [the British subsidized, low income housing] and know I won't be rich at all in my life, I decided to give it a go.\" By purchasing roughly 25,000 Iraqi dinars at regular auctions, he is now a dinar multimillionaire.


In 2003, the Bush administration argued that the military operation in Iraq would be largely self-financing, because of Iraq's enormous untapped oil reserves. After the fall of Saddam Hussein and the introduction of a new Iraqi currency, the former dinar-dollar rate of 3-1 altered to roughly 1400-1.


The Baathist regime had set the 3-1 rate, but it had never been tested on the open market. In the face of a prospective flood of international assistance and Iraqi enthusiasm for rebuilding the country, though, this detail didn't worry many investors. An increase in the dinar's worth seemed inevitable. Buying dinars at 1400-1 seemed like a great investment if the Iraqi currency exchange rate returned to 3-1, or even 1-1. Buying up as many dinars as possible as quickly as possible seemed the only rational thing to do.


Many of these investors, or \"dinar-holics\" as they're sometimes dubbed, have connections to -- or experience as -- military or contractor personnel in Iraq. Others found out about the investment in much the same way Lloyd did: They stumbled across the idea on Web sites like BetOnIraq.com.


Lloyd and several thousand others discuss their investments on investorsiraq.com, a message board forum in which members use shorthand forum names to chat, gossip, exchange information, and offer encouragement.


One regular exhortation for courage compares the Iraqi dinar's potential rise in value to the rise of the Kuwaiti dinar after the 1991 Gulf War. Following that war, the enormously devalued Kuwaiti dinar rallied steadily, bringing substantial returns to anyone who had bought the currency while its price was low.


But these lofty historical parallels often seem further out of reach, especially as military or diplomatic leaders worry openly about a descent into full-scale civil war in Iraq. Rather than history repeating itself for the benefit of investors, increasing sectarian violence suggests Iraq could be closer to James Joyce's maxim, that history is a nightmare from which we are trying to escape.


Reaction to the growth in sectarian fighting has varied among the dinar-holics. Some have crumpled in the face of overwhelming negativity. A member dubbed \"Skillet\" wrote with almost paranoid exasperation on the Iraq investors message board that \"Since I made the move to invest, I have come to the realization that quite possibly this could be yet another ploy to take advantage of the American people.\"


Others remain optimistic but increasingly cautious. Forum member \"Ferrari500\" of Columbus, Ohio, told ABC News that although \"I know we won't make the millions we were told we would,\" he still expected to make \"some serious money on my investment.\" 041b061a72


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