Meme investors are hyping the Iraqi dinar, riffing on a decades-old scam, as the currency’s value (very, very modestly) increased against the U.S. dollar. Now, it is ironically being touted as the ...

A friend of mine, a woman with some good sense, told me about a couple who had been persuaded to buy dinars, the Iraqi currency, as a great investment. I thought she was joking and started laughing.

Oklahoma residents have been offered unsubstantiated claims for extraordinary returns on exchanges for Iraq’s currency, a state agency reports. Irving Faught, administrator of the Oklahoma Securities ...