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loop: The ISX had a good week last week.
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loop: The ISX had a good week last week.
loop
Article: “International Monetary showing satisfaction of Iraq's efforts to meet the credit requirements of the program” Quote: "…satisfaction with the efforts made by the Ministry of Finance and the Central Bank of Iraq and other ministries in the area to meet the requirements of the program," adding "it is going according to timings marked in the program," according to the statement...it is going according to timings marked in the program..
.The IMF is satisfied with the progress of the SBA! BOOM.
Article: “Finance issued government bonds secured one billion dollars”
Quote: "foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries, the issue is guaranteed by the United States government bonds."
The EU BONDS ARE READY (ISSUED) AND THE FORIEGN BANK PRAISED THE INTEREST RATE ACHIEVED!
So what's changed from last year? As evidenced by the shear number of MoUs and other agreements Iraq has made with countless countries.
THE WORLD LIKES THE ACTIONS THE IRAQ HAS TAKEN TO CORRECT THEIR ECONOMIC COURSE AND THEY ARE SEEING THE POTENTIAL TO MAKE LOTS AND LOTS OF MONEY. AND THE SPEED AT WHICH THESE BONDS CAME OUT IS AMAZING!
01.22.2017
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Article “Iraq Stock Exchange recorded an increase the value and number of shares during the past week” Quote: "There is a rise in the number of shares traded last week by (129.85%) compared to per week, which was accepted, while there was a rise in the total value of shares traded last week by (154.78%) compared to per week, which was accepted."
The ISX had a good week last week. Week over Week increase in trade volume by 129.85%...
Week over week increase in share value 154.78%. WOW. Wonder what sparked the sudden activity?
1-22-2017
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‘’Rafidain Bank confirms the grant in the 10 million dinars for employees to Card Holders” Rafidian is working overtime on strategies to get the citizens to start using the banking system and feel safe doing so.
01.21.2017
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[did the budget ever get in the gazette yet?]
Yes. The Budget was published in the Gazette on Sunday.
Article: "The central bank issued new instructions to regulate the process of selling the dollar" Quote: "...the instruction stresses the need to achieve the main objective of the Central Bank, a knowledge of the ultimate beneficiary and the preservation of hard currency for Iraq through the optimal use in order to serve the national economy and sustainable development..." "a knowledge of the ultimate beneficiary" The IBANs make this very easy to track. The actions that are happening in the bank sector right now are a huge indicator of where Iraq is headed and that should make everyone in this room very very excited.
01.18.2017
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[Just curious if there is a purpose for why the CBI would put the banks through the process of selling the dollar on a large scale rather than change the value of the dinar first and negate the need for selling the dollar...any thoughts on that?] As Alak has said the selling of the dollars will continue at present. It is the way that their economy is functioning and to just stop it would collapse the economy. When the time is right to stop selling the dollars they will do so. It is a process and as anyone who is looking can see they implementing new measures everyday to to give themselves the greatest chance of success when they decide to do away with the imposed rate.
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RamblerNash- GURU HUNTER
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Re: loop: The ISX had a good week last week.
As long as they have the U.S. dollar, the dinar will NOT increase in value, UNTIL,the dinar is being used exclusively-It is similar to a newborn being breast fed-Once they are comfortable, and used to it, it's hard to 'wean' them off of it-
Terbo56- VIP Member
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Ponee- Admin
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