Iraqi Dinar E-book hidden Facts information "Fair and Balance"

Updated:10-11-06

I am an independent contributor for eDinar Financial writing section. The topic is "Making an extra Income through writing Iraqi Dinar EBook and not covering the actual Facts".

I will be writing a short story article about Iraqi dinar Ebook, which I came across and basically wasted my money buying it.I will also cover simple hidden sale techniques of Iraqi dinar ebook sellers.This article is for information purposes only. The views and opinions expressed on this short story article, do not necessarily reflect the views and opinions of owner or any affiliates of eDinar Financial. If you have any questions regarding this story, please contact the support team of eDinar Financial.

Following are the few facts which prospective buyers of Iraqi dinar Ebook dont know.

  • What is not told by Iraqi dinar ebook sellers?

  • What is the purpose of selling Iraqi dinar ebook?

  • How can an Ebook writer gets all information about Iraqi dinar?

  • How can I get Iraqi dinar information?

  • How to compare Iraqi dinar prices?

  • Should I take risk and open account in Iraq Bank?

  • Can we open accounts in Iraqi Banks and what is the procedure?

  • What are the laws for opening an account in Iraq Bank?

  • Am I better of buying here in United States and simply keeping it here locally?

    First of all, now a days its not difficult at all to get information about Iraq, its currency known as Iraqi dinar, Iraqi Banks and Iraq News. I would like to know why buy an Iraqi dinar E-book when you can get all information from different search engines and online resources on the net for Free.

    Lets make it simple and ofcourse Free."Did I use the word Free..."

    Dinar Ebook writers concentrate on mostly three things throughout the ebook. The three things are

  • Exchange rate of Iraqi dinar,

  • Iraqi Banks(but do not tell how to open an account)

  • And comparing local exhange rate of dinar in Iraq with United States dealer prices.

    Now let me tell my experience reading the Iraqi dinar eBook.Iraqi dinar Ebook did not stated at all that how to open a Bank account in Iraq but instead the writer just copied the name of Iraq Banks from Central Bank of Iraq website and pasted.Ok...... Wonder, how he got this information. So basically getting free information from Central Bank Of Iraq website and selling it to public and claiming that this information is either no where to be found or did an extra research of finding Central Bank Of Iraq website.Wow,you indeed get an extra credit...

    Let's ask the Dinar Ebook writer three simple questions;

  • Did you personally open an account yourself with one of the Iraqi Banks you stated in your Ebook? ofcourse the answer will be "No".(Then why are you giving us this information).

  • Second question; If I would like to open an account with the Banks stated in your dinar Ebook;can you assist me? Ofcourse the answer will be "No" or if the answer is "Yes",there will be extra fees of services with no outcome.

  • Third question; You mentioned that you own some Iraqi dinars,do you mind telling us where you keeping it,locally or in Iraqi Bank? If "Iraqi Bank", than why didnt you mention this in your dinar ebook. Why did you just give us the name of Iraqi Banks instead you should have given the name of your Bank who you have an account with in Iraq,as you must have done a lot of research before sending the money overseas. It would benefit us in not doing an extra research on the Banks as we dont want to fall for "Scam" and it will be worth buying your dinar ebook.If answer is "Locally",than why you telling us to send the money overseas in Iraqi Bank when you yourself is holding your own dinars locally.

    Anyways,I thought of contacting one of the Bank listed on the dinar ebook.First there was no number to the Bank and second no fax Number. So the last option for me to contact them was through email and believe it or not,the email was a hotmail account instead of corporate email address.(what kind of Financial institution is it?) Finally I send an email and waited almost a week before I got a response back.Can't even call it a response as the only thing mentioned was Bank account info and requesting the money should be sent to them only in US Dollars. I was quite surprised that the Bank was asking not for Iraqi Dinar (local currency) but instead asking to deposit a foreign currency US Dollars.Now a suggestion for ebook writer, I am better of holding my Iraqi Dinar here in United States until the conditions in Iraq get better. Please be my guest and send your own money to Iraq.

    I also would rather go with a local US Dinar dealer and pay between 800 US Dollars-900 US Dollars per million Iraqi dinars and hold on to my dinars here in United States without any worries of holding my currency in a foriegn country Bank of which the local laws I am not familiar with, aswell not being a resident of that country.

    • The second thing I came across in the Iraqi dinar Ebook was that most of the Iraqi dinar buyers can get Iraqi dinar way cheaper than the current Iraqi dinar dealer prices in United States and basically used the term for dinar dealers "A rip Off"," A Mark up" and "Getting Rich". Did I hear something right, Let me repeat,"Iraqi dinar Ebook writer was comparing the prices of Central Bank Of Iraq with United States Dinar dealers. I would like to ask that Ebook writer a simple question,"Why would you compare Iraqi dinar Central Bank price with current prices of Iraqi dinar dealers in United States,a currency which is not yet on the international market nor traded electronically.

    I believe that you missing the point in your so called Iraqi dinar Ebook a fact that "Iraqi dinar has to be hand carried from Iraq to United States, by a private courier service person."

    Just a ticket to Jordan (a neighbour country to Iraq) is almost 5000 US Dollars (round trip).

    What about the courier person charges?

    What about risk?

    Cost of guards?

    Cost of food?

    Cost of hotel?

    Sevice charges?

    and the most important is Time.(Time is Money).Just making a cashiers check through a local Bank in United States can cost up to 15 US Dollars, and when asked why is it too high of just making a simple cashiers check,the answer was, there is time involved in it (approx 2-3 minutes). So if I calculate by the amount Banks are charging the fees of there time,I believe the flight time to Jordan is approx 20 hrs.

    each 3 min=15 USD. 20HrsX240USD/hr=4800 US Dollars (payout for courier person,just a minimum cost)

  • Who will cover all these major expenses?Is it going to be covered by you,an ebook writer.Do you still see any huge mark ups according to your statement.

    My Dear Dinar Ebook writer, now please do the calculation yourself and include this important information when you feel your pockets are getting empty and thinking of writing another Iraqi dinar Ebook.

    • After doing some research,I found that most of these dinar ebook writers tried in the past to sell Iraqi dinars,created Iraqi Dinar websites and were unsuccessfull.Why I say that? Bringing Iraqi dinar from Iraq to United States is huge responsibility and risk.None of these ebook writers have guts to go to Iraq and bring the dinars back home safely.If it was that easy,than I guess everyone would be selling Iraqi Dinars. When you tend not to be successfull in some venture and feel to ruin other people business,than you write dinar E-book and try to make an extra income.

    I love the idea and purpose of Iraqi dinar ebook but atleast dont hide the hardship and cost involved in bringing the Iraqi dinars to United States.Show your real research instead just getting free information from the net.

    I see all investments throughout,are risky.Dinar E-book sellers claim that dinar dealers show that how much money can be made in Iraqi dinars (basically a get rich scheme) but I did a little research and took an extra time in calling different dinar dealers and also browsed there websites. Each dinar dealer website clearly mentioned the risks involved in buying Iraqi dinar. Now this was a proof to it but I wanted to make sure by calling and talking to the company representative directly.So I called one of the company and was told the risks involved in buying Iraqi Dinar. I was quite surprised and was iching my head as I really did got scamed for 25 US dollars because nothing contained in the dinar Ebook came out to be True. huh.....

    Now lets try to understand the Iraqi dinar pricing concept of United States dealers. Lets start of with an example;When three gas station right across to each other can sell gas for different prices,than why not Iraqi dinar dealers can set there own price.Prices vary from dealer to dealer.

    There are two types of Iraqi dinar dealers;

  • 1:Wholesale dinar dealers (prices between $800-$900 per million Iraqi dinar)

  • 2:Retail Dinar dealers (prices between $900 and up per million Iraqi dinars)

    Before I go more forward, dinar ebook writer was giving examples of only Retail dinar dealer prices,thinking smart to play with people's mind and getting them to believe that if they are getting ripped off by super high dinar prices.I have a quick question from you dinar ebook writer,"Why do you care so much about the dinar prices,let people decide which company to choose from. Did i ask you, why you selling Dinar e-book for $25 US Dollars? Didnt you ,set your own price....

    Someome asked me once which company would I choose to buy Iraqi Dinar. I would personally would look in to two factors in deciding which dinar dealer to choose from;

  • 1:How old is the business? Must be more than 2 years old and ofcourse in good standing.

  • 2:What are the payment methods they accept? I would prefer two types of payment method,if the company accept Debit or Credit Card or if the company accept Personal check.I believe the first option is the most reliable and quickest.

    Caution: After doing a little research, I found out that some dinar dealers take Credit/Debit Cards and run manually from there different business terminal machine,which is not approved by VISA and MasterCard for Iraqi dinar orders. First of all they are not suppose to take your card info and store it in the back end system and than manually enter it.Such dealers validate your card number using a method called Javascript.

  • What is JavaScript method?

    Check only numbers are given in the credit card but not letters or other similar characters. Check for the given card type as if the number of digits given is valid and also if the prefix to the number is valid. Use Luhn formula to check the validity of entered credit card number. This is a special algorithm that can be applied to credit card numbers to check that the number is valid.

    The trick to find out such dealers using the above method is,

  • First Call the dinar dealer and ask;" What name will appear on my bank statement"? If its other than the name of which the name of dinar dealer website or Corporation, than basically the dinar dealer is storing your card info in the back end, which is not safe at all and also not approved by VISA & MasterCard. Please beware of such dinar dealers.

  • or when you are in the confirmation buy page, you should instant get an approval from the merchant gateway and the money should be deducted instantly from your account.

    I would also never prefer COD only because of two reasons.

  • 1:I have to sit all day long at my house,waiting for courier person to show up.

  • 2:I have to go to the Bank and wait in line to make a cashiers check with an extra cost.

    So in the end,its proven that there is no benefit towards buying a dinar E-book which costs between 10 US Dollars and up to 100 US dollars. If you do tend to buy it,make sure it has proven facts.

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    Iraqi dinar EBook hidden facts and buy Iraq dinar at low prices
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