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Money question????

godess-clueless's picture

Step mom has come up with information that their is a rush to buy Iraqi dinars in the next week. Says that 1200 dollar investment in the Iraqi currency is supposed to return a million dollars. Anyone heard of this ? I have checked on line and see there are sites selling these new yet to be circulated denar currency. Sounds like a scam to me. Just wanted to know if anyone in school for ecconomics or working in the field has any advice or information of sites to point out how unlikely this seems to her.

Comments

ctnmom's picture

I'm in banking, it is a scam. You will lose your money. And FYI everybody- there's one going around via e mail, in varying forms but mostly from "Great Britian", that you've inherited $$$$ from a distant relative. Scam, and when you reply to the e mail they put spyware on your computer. So they take your money AND eff up your computer! And as always, beware the Nigerian money changing scam.

godess-clueless's picture

Thankyou to everyone that responded. I sent this information on to the person who had first informed me of this. hopefully common sense will kick in and she will reconsider buying into this scam.