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My Ladies says IRAQ WAS GOING TO REVIVE THE PLAN TO REDENOMINATE THEIR CURRENCY

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My Ladies says IRAQ WAS GOING TO REVIVE THE PLAN TO REDENOMINATE THEIR CURRENCY Empty My Ladies says IRAQ WAS GOING TO REVIVE THE PLAN TO REDENOMINATE THEIR CURRENCY

Post by Ponee Thu Aug 20, 2015 8:58 am

My Ladies 

 Article:  "August 18, 2015 Invitation to Iraqi banks and the Arab and international banks to apply for the implementation of the Custodian service in Iraq Stock Exchange"

  ISX CAN NOT BE AVAILABLE TO THE INTERNATIONAL CLIENT WITHOUT A MERRILL, OR MORGAN OR GOLDMAN...BASICALLY IN A NUT SHELL A CUSTODIAN.  THEY ARE TAKING IN CUSTODIANS NOW AND THEY WILL NOT DO THAT FOR SOMETHING THAT IS LIGHT YEARS DOWN THE ROAD. THEY NEED CUSTODIANS NOW TODAY! RIGHT NOW...

 [I saw a US News and World Report article about it as well as AP and Reuters.] 

YEP AND IN THAT ARTICLE THEY SAID IRAQ WAS GOING TO REVIVE THE PLAN TO REDENOMINATE THEIR CURRENCY.

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Post by Kevind53 Thu Aug 20, 2015 10:05 pm

Brokerages yes, custodians, not so much ... However, the article was not talking ab out the ISX, but about the bonds. BTW, they are going to have to offer a rate of about 8% on their bonds sinc ehtey are classified as "junk bonds" with a B- rating.

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