Top Ten Reasons Not to Invest In The Iraqi Dinar

Is Iraqi Dinar a good bet or bad?

I asked this on investing but didn't really get much feedback. I didn't know this sub existed or i would of came here first.
My brother recently started a new job at the local pizza place and the owner has been talking up the dinar to him for a while. Apparently the owner has at least 10k in dinar and most likely more. My brother recently bought about $800 worth of dinar and wants to get more. My worries are that my brothers boss is hyping up the dinar and my brother is getting bad info from him and letting that cloud his judgement.
Im not an investor and when i tried to do some research into this i felt like i was just spinning wheels. https://www.investopedia.com/terms/forex/i/iqd-iraqi-dinar.asp was the best article i could find. I can safely say that however he's getting the dinar is legit and he's not getting scammed that way. I've read a few articles that claim dinar investors are "just dumb trump supporters" buying into a scheme. Other articles are by "Dinarians" who've been waiting over a decade for something that's coming any day now.
According to the article people are confusing re-denomination with reevaluation and that if Iraq re-denominates then any investment will basically be worthless. I've read some claims from people and my brother has said that if they do re-denominate that they will still come out ahead. Is that possible? How does that work?
Is my brother wasting his money? I cant and wont fault him for taking a gamble on something that could pan out in the future even if it turns out to be a huge loss but if he's going on bad information from his boss (a pizza maker not an investor) who's over-hyping this dinar scheme i wanna stop him before he gets anymore.
Edit: He's buying his dinar online and getting an envelope of 5000 IQD notes. Also hes 19 lol.
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Money management in commodity and forex trading starts before you even enter a trade. You must know how many contracts or position size you can trade and how much you can risk on each trade. The veteran’s rules are as follows: Never invest more than 30% of your equity–20% for new traders. Do not trade more than six markets at a time. When you feel like you cannot lose, that is the time ... How to Invest in Forex Understand the risks and the process before you start investing in the foreign exchange market. By Miranda Marquit, Contributor Aug. 12, 2019. By Miranda Marquit ... During British occupation in World War I, the Indian Rupee was introduced as the first official currency of Iraq. In 1932, the Iraqi Dinar replaced the Rupee at a rate of 1 Dinar to 11 Rupees and was pegged to the British Pound until 1959. The peg was then switched to the US Dollar at a rate of 1 IQD to 2.8 USD. After the Gulf War in 1991, previously used Swiss printing technology was not ... (Check out Investopedia's primer on the Forex Market.) The Iraqi dinar was trading in July 2014 at a rate of about 1,200 per United States dollar, so a 1,000-fold revaluation would see the ... Forex refers to currency trading and currency pairs. Say, for example, the Iraqi dinar forex rate (IQD/USD) is 1,160 Iraqi dinar per U.S. dollar. If you invest $1000 in Iraqi dinars with that rate ... Investing.com covers the latest forex news in the currency market and breaking financial news stories. Get instant access to a free live streaming USD IQD chart. This unique US Dollar Iraqi Dinar chart enables you to clearly notice the behavior of this pair.

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