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Mike says Iraqi investors will come, even if the dinar is still at 1182.
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Mike says Iraqi investors will come, even if the dinar is still at 1182.
Mike
..in my opinion, it's not the value of the dinar that's keeping investors out of Iraq.
It's the lack of banking and investment laws coupled with the crippling corruption that is Iraq.
Look at it this way, the total market capitalization for the ISX is roughly $9 billion dollars. There are a bunch of folks that could literally buy every stock available on the ISX, in the big picture, $9 billion isn't a prohibitive number. So, why hasn't anyone done that, heck, they could own every business on the ISX for that amount.
The answer is security, stability, laws, infrastructure and politics.
When Iraq can make the environment more conducive to fair and open market policies, the investors will come, even if the dinar is still at 1182.
...historically the CBI has only talked about raising the value. However, I can remember when the dinar was 1166 to the dollar and now it's 1182, they've already reversed course on what they've previously stated.
Moving from 1182 to 1400/1500-$1 isn't so farfetched to me, especially with the price of oil at $40 something a barrel.
09.26.2016
~~~~~~~~~~~
Article: "Iraq Stock Exchange launches instructions online trading system for investors" Quote: "...he emphasized that the service will be launched in the first quarter of 2017..."
[Is anyone else able to hear the can being kicked down the street another time?]
I hear it loud and clear. Here's the thing, for years now anyone, who wanted, could buy Iraqi stock.
The thing is, who wants to? Until the investment and banking laws are in the books and the banks are functioning like they're supposed to, no one is going in and buying up shares of Baghdad Bottling, it's just not worth the risk.
There are tons of other penny stocks to buy in countries that are much more stable than Iraq, the reward just isn't enough.
09.25.2016
~~~~~~~~~~~~~
Article: "Legal: withdraw confidence from Zebari does not cancel the charges against him"
Zebari better get whatever documents he has to the IMF and WB, it looks like they're going to move quickly against Zebari with corruption charges.
09.24.2016
~~~~~~~~~~~~~~
Article: “House of Representatives withdraw confidence from the Minister of Finance and vote on bills”
I’m a little surprised this passed through Parliament, the Kurd’s are not going to be happy having Zebari removed.
In the middle of an offensive against Mosul, they let go of the Defense Minister, now while they’re preparing the budget for 2017, they let go of the Finance Minister.
To round it up, Iraq doesn’t have an Interior, Defense or Finance Minister in the GOI, who’s next, Abadi?
Last edited by Ponee on Mon Sep 26, 2016 11:43 am; edited 4 times in total
Ponee- Admin
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Re: Mike says Iraqi investors will come, even if the dinar is still at 1182.
It will take years for Iraq to gain any sort of stability.... IMO
I remain,
Just4Tom74
I remain,
Just4Tom74
Just4Tom74- VIP Member
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Re: Mike says Iraqi investors will come, even if the dinar is still at 1182.
Duhhh ....
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