Millionday News 2/4/14 - Post From Dinar Updates By Rudie Part 1
Comments may be made at the end of Part 2 Thank You
[millionday] so we have some huge news to show you tonight and i mean huge - it is so big so lets get rolling - this is very important so lets hold all questions to the end here we go smile
[millionday] Announced in the capital, Baghdad, on Tuesday, announced the opening of its first office of the Stock Exchange world in Baghdad, the first of its kind in the history of Iraq,
and among Msoalon in the office getting a leave of absence from the Iraqi government and its association with the London Stock Exchange Global, called financial experts, financial institutions and ministries to put its shares in Office of the global stock market for the development of Iraqi economic
[millionday] told ya
Read More Link On Right
[millionday] The Chairman of the Board of Directors in the office of international exchange in Baghdad, Omar al-Khatib said in an interview (range Press), "The office was opened about a month ago in the Land of central Baghdad, and began working formally Currently,
a first of its kind in Iraq, where the customer can We have to trade foreign currencies and metals such as gold, silver and energy sources such as oil and gas and global equities through Facebook and Algugl Yahoo and others.
" He Khatib that "the Iraqi market for securities on equity Iraqi But in global stock concerned global equities," following the "office has a program trading sophisticated be installed on mobiles and computers and these programs are free and can be downloaded through the stock exchange in Baghdad,
as can be loaded pilot program which provides a default amount of up to 5 million dollars to enable the practice of rolling on the movements of the markets without causing damage. "
[millionday] note -- they are opening the trade of all stocks and currency as with all stock exchange and with this office it is for the exchange to promote the economy and move forward with the reform
[En4cr] holy wow
[millionday] He said Al-Khatib that "international exchange licensed by the Iraqi government and linked to the Stock Exchange of London Global intimately fully and promptly," pointing out that "the office has a so-called leveraged by (1:400),
which means that the customer dollar and the only one eligible to trade at $ 400 , in order to reinforce its investments during the trading. "
And between Al-Khatib said that "the volume of trading in the office arrived until today to about 500 000 U.S. dollars, and this is a good indicator possible that we consider to be the beginning of the trading World,"
attributing the cause of lack of turnout to "the loss of a culture exchange in exchanges among the citizens, because the Iraqi citizen has become known what the meaning of the Stock Exchange and how to inconsistencies in it. "
[ROBINREDHED] date? lol*
[millionday] note -- fully and promptly
[millionday] look>>>>>>>>>>>>>>>>>>>>>>>>>>>>>For his part, the financial expert and on the affairs of currency trading and trade on the stock exchange, Ahmed Salhi, in an interview with the (long-Presse),
"The opening of such a financial institution is a step to improve the value of the Iraqi dinar and the national economy through the size of the exchange and the entry and exit of foreign currency,"
calling Ministries producing state and public sector companies to "put its shares in the office so that the global stock and imports as well as the growing market of Iraq and the Iraqi economic."
[millionday] note -- the beginning of trading out the currency on their market coming up
[millionday] Although the new laws approved by the Iraqi parliament, which allowed foreign investor buying and selling stock in absolute terms in the Iraqi Stock Exchange,
after that there were limitations to him as if not more than the percentage of shares owned 49% of the shares of the company, but these laws are adopted to develop the stock market and attract foreign investment has "failed to attract big investors and non-Iraqis were trading in the stock market is weak and limited."
[millionday] so this was reported tonight and is very very good news
[ROBINREDHED] why are we the only ones asking this question, why arent the ppl who will be trading on the isx asking when the currency will change? it seems like they would be interested also
[millionday] understand this is the preparation for the globe and they are also taking it global through the london exchange it looks like to begin
[millionday] they are preparing to go global through this opening of the baghdad building for exchange - so there is a new announcement that was sent to me on cbi
[millionday] islamic banking which is what cbi is under as we know has received their credit rating --thanks hun for the sending -- it is AAA -- BRB WITH NEWS
[millionday] i hope everyone realizes how great that was -- it is the opening of the door for us and is huge -- i was very excited to bring it to you
[ROBINREDHED] i am excited to read it
[millionday] brb with more
[ROBINREDHED] does anyone have questions about this?
[snowflake59] So even if they go with the London exchange, dont they still have to have a reality rate.
[slh5282] Millionday, this is great news so what I am seeing is they are moving the date of the ISX interchange up?
[millionday] yes they need reality rate
[faith1] ROBINREDHED millionday mee too ,, yes how cam they have an AAA rating ? does this mean they are paying their bills on time ??
[jimplants] I wonder why london instead of nasdaq
[Richard Incrocci] RRH...With all the ISX progress, how does it will this affect value of their currency?
[Baxter1243] well....they cant do it without an international currency....
[millionday] also yes it appears that they are moving the date up for us as if we had a date but some think we did -- however -- this makes us very close -- the stock market includes reality rate of the dinar
[millionday] this would mean they are to be internationally recognized
[ROBINREDHED] millionday millionday millionday millionday oh my gosh, readdy md
[slh5282] less interchange and less infrastructure for the London Market
[millionday] they are saying very soon as if they are moving forward fast as we have noticed
[Richard Incrocci] Also the retirement law retro back to 1-1 has to be something there that we're not privy to???
[millionday] brb with more -- here we go - i dont know if i showed this to you or not
[millionday] Nineveh province on Saturday, the second conference of the activation of provincial law No. 21 for the year 2008 with the participation of 12 counties, amid tight security.
[millionday] they are completing law 21 under our nose – smile - i have another from the london stock exchange - now understand that the baghdad announcement is for global exchange
[ROBINREDHED] millionday global is good
[millionday] it is for the move to the globe so this is serious smile
[Richard Incrocci] Serious I like
[millionday] brb with the other report -- me too!!
[millionday] Baghdad in building a modest despite its modernity, has launched the first international exchange in Iraq in an area Arsat Indian central Baghdad, within the plan received praise from economists being will develop the national economy after it was linked counterpart globally.
desk can exchange the new Iraq that raises the curiosity and enthusiasm of a lot of interested in the money, where he became a has 173 clients,
and is directly linked to the London Stock Exchange the world, and created a sophisticated method allows its customers access to their accounts wherever they are via the Internet without having to come. says the director of the Office of the stock market in Iraq,
[millionday] Osama Mahmoud for "Alsumaria News" that "this office The first office for trading in global stock are open in Iraq, and is directly linked to the London Stock Exchange,
"explaining that" the office opened nine months ago during which to prove his presence in the Iraqi market for securities and gain customers, investors and corporate banking and jewelers went. "
adds Mahmoud said that "the most prominent clients Office They are investors and citizens Aotaiadion came after saving several privileges they can through trading in the stock market world "
, pointing out that they" are trying to link the Iraqi economy to the global economy. "
and says that the correlation of the Iraqi economy Balaalmi "weak", and the stock market has provided the possibility of linking it to the outside world and moving the national economy with the world price of the dollar, gold and silver, which is trading money and precious metals and energy sources,
[millionday] note -- the world price of the dollar is reality set up -- this is huge
[ROBINREDHED] yes it is
[millionday] and shows that the "trading stock global contrast stock market which is Tdoualh on a local currency." while emphasizing Customer Service Manager in the stock market Mohammed Duraid that "companies that be handled in the stock market is the gold companies and banking, as they put safeguards against capital traders. "
and says "Alsumaria News" that "the stock market would like to link the Iraqi economy with the global economy to raise the status of Iraq before the rest of the world."
He sees Hassan al-Asadi that launch Office international exchange in Baghdad step commendable, and draws out that "the stock market ethnic evolve, but without the level of ambition."
says Asadi for "Alsumaria News" that "development processes stock market is done by the private sector to connect the Iraqi market, the global market, , where I opened a lot of offices in Baghdad and the provinces. "
and will lead the work of the stock market to increase the capacity of the Iraqi market to handle global and increase the culture of citizens to deal with the global stock market,
which has a significant impact on global markets and the development of the national economy, according to al-Asadi, who also points out that "all serious attempts to develop the national economy carried out by the private sector only, without any government involvement.
[millionday] note -- this is a huge announcement of the beginning and advancement of trade - including the dinar against currencies
[millionday] " and will lead the work of the stock market to increase the capacity of the Iraqi market to handle global and increase the culture of citizens to deal with the global stock market,
which has a significant impact on global markets and the development of the national economy, according to al-Asadi, who also points out that "all serious attempts to develop the national economy carried out by the private sector only, without any government involvement. "
But economist asserts that the absence of government involvement makes the development of the national economy without the level of ambition, and warns of "the existence of deliberately delaying the Iraqi economy.
[millionday] is the London Stock Exchange, which are connected by the Baghdad Stock Exchange of the largest stock markets in the world, founded in 1801, and contains several indicators the most important and the largest index "Vinanchal Times"'s largest hundred British company.
referred to the Iraqi market for securities was established in June 2004, and was approved by the manual trading, and in April 2009 adopted electronic trading in part by some companies, and is now trading electronically for companies listed by the year 2010.
and traded in the market are 73 companies belonging to the eight sectors of the banking sector and the industrial sector and the hotel sector and the tourism sector and the agricultural sector and the investment sector and insurance, in addition to communications.
[millionday] so what we have here is a huge huge announcement and advancement for those of us that have invested -- now the london stock exchange is connected to forex and all other markets -- so this does not mean no access unless you are in london as we know but the choice is due to the size and the ability i am sure -- the thing is this
[millionday] we remember barzani visiting new york ---and his face on all the centers -- so as we knew - this was coming and oh honey end of report whooop whooop i am excited