Wednesday, March 7, 2007

You might want to skip dinar

The Council of Better Business Bureaus is warning consumers across the United States and Canada to be wary of purchasing foreign currency investments, particularly investment deals for the Iraqi Dinar, that country’s monetary unit. The Better Business Bureau of Chicago and Northern Illinois has seen a recent spike in consumer complaints focused on Dinar investment through that area's United World Exchange. The BBB has received complaints from
from consumers in 33 states and eight countries, with many coming from military personnel claiming fraud over Dinar investment deals. The Better Business Bureau of Southern Colorado reports it is aware of one victim in this area. United World Exchange, doing business as "US Dinar," has been selling Iraqi Dinars through their Web site ( on the premise that buying the Dinars could be a great investment if the value of the Iraqi money were to increase. Consumers report that the company is not providing consumers with what they have purchased, nor is it giving the potential investors their money back.

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