I have followed this topic for over a decade and very happy to share the information about this with you.
What is alternative foreign currency?
This is currency that has very little value and has been issued by countries that are quite wealthy. There are multiple reasons for the seemingly minimal value. The most common is the result of devaluation that is part of the strategy when there is war. For example Iraq and Vietnam. One million Iraq Dinar can be purchased in the US for about $1200 and that can be more or less depending on the source. One million of Vietnam Dong can be purchased for not more than $100. It is easy to check prices at banknoteworld.com That is one source that is credible and normally if a foreign currency desk handles alternative currency that is credible. Personally I have used a local foreign currency desk with confidence. Be careful there are sources on line that are scammers.
Over time countries that have low value currency are no longer at war and are building their economy. They also have valuable assets like oil and precious metals.
Alternative currencies will revalue. They need to because of commerce. This includes selling resources like oil, building infrastructure and more. A revaluation has not occurred yet for many reasons. The primary ones are political, fraud and lack of a reliable financial structure that supports a market rate. Over time those barriers have largely been addressed and we are now in a position where revaluation is likely soon.
What Will The Revalued Rate Be
Looking to what the rates were before the devaluation gives some basis for the estimate of the the revalued rate. There are two factors. One being what was the rate before and two what is the effect on the rate after considering inflation. It is important to understand no matter what people publish regarding what they believe the revalued rate will be nobody except for maybe a handful of people by country actually know what the rate will be. Personally over the years I have concluded that the low range of what is presented is prudent. For example while I think the actual rates could easily be higher I use $4 for Dinar and $2 for Dong. Using Dinar as an example if a person buys one million Dinar for $1200 and it revalues at $4.00 then the person redeeming Dinar will receive $4 million US.
Seeing $1200 become $4 million is the reason most people think this is a scam. Those that understand why this is not a scam can the revalue can easily happen any time. Some choose to acquire more over time.
Purchase Guaranteed Currency At A Discount and Diversify
There are two categories of diversification. First owning more than one kind of currency and second being in a job or business that brings in cash now while waiting for the revaluation. Personally I am diversified but cash flow has not materialized as I had planned. Currently I am offering some alternative currency at a discount from places like Bank Note Word and foreign currency desks. Essentially I am removing the broker fee from the purchase. My offer is 1 million Dinar for a discount of $900 and Dong for $50. I guarantee authenticity and this offer will be suspended when I have raised $3000. Payment will be by bank transfer or overnight check. I will pay to ship the currency to you and if you use FedEx to send a check you pay that fee. If you use bank transfer I will detail how to do that and there are no bank fees if it is handled that way.
Are There Other Currencies That Are Likely To Revalue
Yes I follow and own other currencies. However the ones I mention in this article are those I have followed the longest and have prices that can be confirmed plus there is reasonable agreement among those I have followed for a long time about the revalued rate. Actually all that I follow think the rates will be higher than the ones I used in this article.
Contact me if you have the funds to buy and would like to confirm what is in this article plus learn more directly from me and those I follow.
Contact
Steve Pohlit
Text 727-224-4743
Email stevepohlit@gmail.com