Currency investment scams
A recurring structure: a troubled currency, a revaluation story, physical notes sold at a wide spread, and no market to sell into.
The fact every version of this depends on
Redenomination is not revaluation. Striking zeros off a currency restyles every price, wage and balance by the same factor, nobody gains. Promoters quote official talk of "deleting zeros" as proof that a windfall is coming. It is not the same event, and the difference is the entire pitch.
Covered here
- The Iraqi dinar "revaluation": the best-known version, warned about by state regulators since at least 2013.
How to recognise one
- You buy a physical object from a dealer who also sets the buy-back price.
- There is no public exchange, so there is no independent price and no guaranteed exit.
- The gain depends on a single future event that is always imminent and never arrives.
- Authority is invoked vaguely: the IMF, a treasury, unnamed insiders.
- Dates pass without acknowledgement and are quietly replaced.
Our position
We publish factual reference pages for every currency, including ones that get sold this way, and we do not track revaluation news, predict rates, or link to dealers. These pages exist because the search demand is real and the honest answer is buried under the people selling.