Tnman23 claims that there will be NO float!!

by **Ponee** Thu Dec 11, 2014 7:26 pm

Guru tman23 I just read Kaps [reference Guru Kaperoni's post 12-11-2014] NEW take on the Market Rate... That said...You mean to tell me that all the hoopla posted before about them being at 2% of compliant was wrong...and now they need to be under 1200 for at least 90 days starting errrrrr yesterday... The FACT is that most MAJOR market economies float their currency...Iraq is not even close yet...And that is why IMO there will be NO float!! And from economist and the CBI past articles...The BEST time to raise the 3 zeros is at the beginning of the year...NOT IN THE MIDDLE!! This has been a statement several times in the past...And in addition to that is Barzani saying...Kurdistan will not open and operate the ISX under 3 zeros...(but yet the ISX is being tied in with the ESX so how will that work??)...Barzani has a history of doing what he says...And I believe him on this currency issue, he was quite clear!

by **Kevind53** Fri Dec 12, 2014 7:54 am

Umm ... the Iraqi Stock Exchange is open and trading. ESX is the Erbil Stock Exchange which has not yet launched qlthough it's website is live. It is, as near as I can determine, a competitive exchange with the ISX, much like NYNEX and NASDAQ compete. I see nothing to indicate they will be tied together other than sharing a common currency.

That being said, why should we believe someone who can not get the simplest of facts correct.