The Dinar guru is another get-rich-quick scheme. The company behind it, Dinar Capital, claims that the program can help you earn money by buying and selling the Euro currency. While this may sound good, you should know that it is a scam. It is not official, and it is even illegal!
Dinar guru is a get rich quick scheme
A “Dinar Guru” is a company that promises exorbitant returns by investing in Iraqi dinars. Their website claims that the IQD will grow by a factor of one thousand in just a few years. It also claims that you can invest only a thousand dollars and make $1 million in a few months. However, this is not a fact, and the Dinar Guru is a get-rich-quick scheme.
In order to make sure that the Dinar Guru is a scam, look for certain characteristics. Some gurus are just interested in making money and do not care about the facts or the future of the economy. Moreover, not all of the gurus are legitimate. They are mostly scammers.
Another sign of a fake Dinar Guru is the delusion that the Iraqi Dinar is going up in value. Some people are delusional enough to think they can get rich by purchasing bales of Dinars at garage sales. But, these folks are likely to be disappointed after getting nothing from the scheme.
It’s a scam
The website Dinar Guru claims to help you earn money with Dinar, but it’s actually a scam. Although it’s registered as a Money Services Business in the US, it has no license to trade currency or transmit money. This makes it illegal and a potential scam. There are a few ways you can check if Dinar Guru is legit.
The first way to tell if the site is a scam is to check for disclaimers and fine print. The fine print will often contain important information, such as if Dinars can only be redeemed in Iraq. Also, the site may make a lot of false promises.
Another sign of a scam is the claim that you can make a fortune with the IQD. Some of these programs promise a 1:1 IQD/USD exchange rate. That means if you invest just one thousand dollars, you can get a million IQD in a year. However, you have to remember that no currency is guaranteed to match the dollar value within a short period of time.
It’s not official
The Dinar Guru is an alternative currency that is used in some countries in the Middle East. It is named after the dinar, a coin that was used in ancient Rome. The first modern state to use the dinar was Iraq, whose economy is still based on the dinar. Despite the country’s turbulent modern history, which includes two Gulf Wars and violent revolutions, Iraq continues to use the dinar as its official currency. Today, Iraq’s government is trying to maintain democratic institutions and a functioning economy.
The website Dinar Guru claims to be a legitimate source of news about the Iraqi dinar. It offers updates and a digest of news about the dinar, including dinar recaps, chronicles, and opinions. You can even sign up for a subscription and get access to top dinar gurus. The cost for a weekly subscription is $0.99, and there is a free trial available. Monthly subscriptions cost $1.99, and annual subscriptions are $9.99. There is an auto-renewal feature available for users, but you can turn it off at least 24 hours before the end of the subscription period.
If you’ve been thinking about investing in Iraqi Dinars, then it’s important to realize that you’re probably being duped by an illegal Dinar Guru. These “gurus” use the foreign exchange market to dupe unsuspecting people by promising them astronomical returns. The foreign exchange market, or Forex, is where you buy foreign currencies using U.S. dollars and sell them for more.
Unfortunately, some dinar “gurus” continue to operate, but in reality, the vast majority of them have abandoned the dinar market and are running a broader Vietnamese Dong scam to try to prevent their victims from filing suits or reporting fraud. As a result, dinar holders are left to believe that they’re going to make millions in the near future, when the value of the Dinars is subject to revaluation.
The typical Dinar Guru scam involves an agent or marketer, who makes claims about how much IQD will be worth in the future. This is usually done by postulating an imaginary exchange rate, which means that $1,000 will be worth 1.16 million IQD in the future.