Millionday News 1/29/14 From Dinar Updates By Rudie Part 1
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[millionday] the first report is huge
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[millionday] welcome everyone to news time - swan2013 thank you hun
millionday] so this report is very very important and huge but lets read it together and save questions until the end whooop whooop
[millionday] Stock market attract indirect investment Baghdad Mustafa al-Hashemi Iraq is seeking to become its market for securities increasingly important source of capital for national companies by broadening traded companies which put its shares for sale from which urged more companies limited openness and switch to joint-stock companies .
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Known market Securities as a place which is supervised by hand economic official , and contains an electronic system whereby a meeting of buyers and sellers for the type of securities or financial asset specific , and
[millionday] note --- they are in massive promotion to get their stock market huge nationally
[millionday] enable investors from trading stocks and bonds within either through intermediaries or companies operating in this area and go up or go down the value of securities and assets according to the financial offers selling and buying.
And includes the Iraqi market for securities Iraq Stock Exchange , which symbolizes his short ISX 74 joint stock company listed on the stock exchange sectors are major banks and industrial services , insurance , agriculture, hotels and communications company represented by one of the mobile telecommunications .
[millionday] Trading sessions and noted that there is global interest in the stock exchange through the transfer of trading sessions directly on economic sites , including Web sites that encourage foreign investment in the stock market and stocks Iraq where they consider evidence of actual activity to the movement of the labor market in the country .
And calls for an academic economist to the expansion of businesses and the transition from limited to contribute because it would live up to the performance of competitors in addition to the direct transformation of state-owned enterprises into joint stock companies through the sale of shares in the form of a gradual process in order to facilitate the transition to a market economy .
[millionday] note -- they are saying that this is to move it to join the world --- in the move to transition to a market economy -- meaning driven by supply and demand -- for all on isx
[millionday] this would include the dinar
[millionday] Listed companies and the opinion of Dr. Essam Mahouelle importance to turn state-owned companies Winning that managed to marketing its products to joint-stock companies in the stock market because the number of listed companies currently does not represent the potential of Iraq 's real economic because the number of modest and not commensurate with the capabilities of the country and the private sector, which should take its role in this stage.
[millionday] note -- asking all companies to hurry up and get listed and offer shares that are going to -- so the impact of their entry to the world is great
[millionday] He added Mahouelle told ( morning) that any company seeking to increase its capital , must offer its shares for trading on the stock market , the greater the output doubled the number of collectors shares of citizens , pointing to the existence of a close correlation between the activity of the stock market and the general situation of the country.
He confirmed the existence of websites economic means to invest in Iraq and follow the movement of trading sessions in the stock market directly and in a prominent place on the front of those sites as does this site Iraqi businessman who pays great attention to the follow-up in economic activities of the country.
[millionday] note -- explaining that this would make the country show more activity and potential economically more promotion
[millionday] Foreign investment and pointed out that the lack of growth of the industrial sector in the picture drawn him back to the lack of transfer of expertise excellent owned by state-owned companies to the private sector ,
although the current stage represents the right opportunity for the private sector to take its role in the development process and to engage strongly in the Iraqi market for securities .
Pointed to the existence of a good number of foreign investors who trade in the shares of sectors market for securities Iraq and hold their positions for over 5 days a week is evidence that the Iraqi Stock Exchange also represents an important aspect of foreign investment is direct and that would provide service to the national economy .
[millionday] The stock market is worth mentioning that the Iraqi market for securities / stock / founded in 2004 and is an economic institution responsible for the regulation and control of the purchase and sale of shares of listed companies to investors carried out by brokerage firms supported by the market through the use of electronic systems modern , and holds market 5 sessions per week at a rate of two hours in the trading day
[millionday] . in a period from 1992 up to 2003 in Iraq market known market Baghdad Stock Exchange was founded under the law No. ( 24 ) for the year 1991. was this market market government was able in time to insert ( 113 ) Iraqi company contribution of private and mixed .
And was able to attract an annual circulation rates exceeded seventeen million dollars and a half a little .
[millionday] they are stating that they are in the preparation to enter the globe as a market economy and with the isx -- very very encouraging to say the least
[millionday] understand this - we are all invested in their market by holding dinars -- thats what we are doing -- we invested in their currency and when the rate is better we will sell back the currencies
[carpet] Millionday do you feel it be a rv or a re-instate of their currency
[millionday] so as we see they are stating that the market we are invested in is in the transition phase and is moving to a market economy so we can sell high -- (very well put)
[millionday] carpet either one will be a rate that we can all enjoy and we would have success in what we wanted to do -- so the ri or the rv is really only going to effect the country regulations etc
[carpet] thank you
ROBINREDHED] i love this million
[millionday] we look back at the rate history and it is hard to find one that we would not like -- the imposed rate would be the only one for me
[Danalivin4HIM] They didnt say when for the ISX did they?
[millionday] i knew you would -- that is a great report and whooopow -- no date yet
[Danalivin4HIM] millionday thank you
[millionday] but we have regulation dates to be set by banks set at jan 31st -- that does not mean the date for an rv is that date but very interesting that all of them have the same date -- we like that
[Danalivin4HIM] millionday and the CBI and ISX are tied in together? not trying to sound stupid here
[millionday] Danalivin4HIM the dinar is listed on the stock market like this >>>>>>>>> IQD/USD
[Danalivin4HIM] millionday got it*
[millionday] buy sell price -- so that is where we can find it and that is applied to the banks etc as they decide their gain
[Danalivin4HIM] millionday thank you so much
[millionday] currency dealers go by the rate as well and by cbi
[millionday] i use dinar corp and they go have stated they will go by cbi -- cbi sets the rate so that is great and very informative in how they come up with it at the end or at a raise
[ROBINREDHED] millionday me too
[ROBINREDHED] millionday they said exchange houses and banks will be exchanging foreign currency right?
[millionday] ROBINREDHED when it is brought out to the globe in the market they will be and that is saying they are -- the isx will be open to all and the rates of the currency will be on the nasdaq etc ---
[ROBINREDHED] Imperator theres your answer
[Imperator] yes thank you ladies.
[millionday] so yes it will be available as in free market -- supply and demand
[millionday] they say they are in the transition phase and are asking all companies there to get on board to create a greater economy and also to make a larger impact when they hit the market -- the global market
[millionday] yes here we go -- Deputy Prime Minister for Energy Hussain al-Shahristani, Wednesday, Iraq's fifth-largest country in the world in natural gas reserves, indicating that the reserves estimated at 150 billion barrels, stressing that the government will take measures in case of export of oil outside the framework of Sumo.
This came during a lecture at al-Shahristani, the Royal Institute of International Affairs,
[millionday] This came during a lecture at al-Shahristani, the Royal Institute of International Affairs, Chatham House in London Shahristani said in a press statement received "obelisk" a copy of "The oil reserves in the Middle East and North Africa exceeds 1.2 trillion barrels and that means half the reserves of the world,"
stressing that "the reserves of Iraq is estimated at 150 billion barrels, and oil production in Iraq will reach 4.7 million barrels per day by the year 2015 and nine billion barrels per day by the year 2020 "
"The gas reserves in Iraq, up to 280 trillion cubic feet, and is ranked the fifth largest country in the world in natural gas reserves," explaining that he "was drilled 600 oil wells have been trained thousands of Iraqi technical personnel working in the field of oil."
[millionday] And on the export of oil produced in the Kurdistan region, Shahristani said "The federal government has asked the provincial government to be the export of oil through the Iraqi oil marketing company SOMO because it is the only body authorized to export Iraqi oil,"
stressing that "the government will take measures to protect Iraq's oil wealth in the event of oil has been exported outside the framework of SOMO. "
And Acharalchehrstana that "the Iraqi government is able to control in areas of the desert of gray and the city of Fallujah and the city of Fallujah, now encircled and the government in the process of sending aid, including food, fuel and medicine to civilians,"
noting that "fear of the government of the occurrence of such aid, however, the terrorists." For his part, the British minister in Britain's support for Iraq in efforts to combat terrorism, and they are ready to provide any assistance ask them.
[millionday] so the fifth largest in the world in natural gas -- wow
[ROBINREDHED] that is huge we knew oil but thats substantial gas
[millionday] that is a huge coincidence with the State of the Union talking so much about the natural gas
[millionday] ROBINREDHED i agree
[millionday] and to begin exporting in so many areas is great for their economy and the value of their market and currency – smile Britain is extending a helping had as well -- brb with more