[BondLady] ok brb with next 1
[BondLady] The Iraq Stock Exchange: Delete the zeros of the local currency will affect the level of stock trading 21/05/2012 08:14 BAGHDAD / center news for the Iraqi Media Network - Authority confirmed Iraq Stock Exchange that the deletion of zeros from the local currency hurt at the current stage the level of stock trading in the Iraqi market for securities.
said Executive Director of the Iraq Stock Exchange Abdul Razzaq al-Saadi's (Center news for the Iraqi Media Network) "The deletion of zeros from the local currency hurt trading stocks because there are shares of less than 80 dinars and will be lost in case of deletion of zeros." being the Central Bank of Iraqi preparations to start deleting three zeros from the local currency.
"The central bank is required to provide the feasibility of the process on the extent of the ability of the economic situation to accommodate the deletion of zeros and how much are the costs of the artistic process Do they contribute to the infrastructure of political cash. "
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and started the Iraq Stock Exchange preparations preliminary to gain membership in the global market for securities, also announced the initiation of electronic filing of the investment companies of foreign and domestic, instead of filing paper .
The Stock Exchange of Iraq has started operation in 2004, and shifted from manual trading to the use of screens handle electronic in 2009 and open for trading two hours a day five days a week. and the banking sector is the largest in the exchange, which also includes the shares of industrial companies and insurance companies, hotels and agricultural companies. http://imn.iq/news/view.12451/
[BondLady] and also see how it could hurt the smalll investors who have supported the isx from the start the ones who've made the isx a success so we see the removing the 000 from the notes are already starting to scare them sayin if u do this people who only have small shares will lose them basically if u dont add real value to them at the time
[BondLady] and since i cant even fathom a lop and i cant see how it would help them at all and also see how it could hurt the smalll investors who have supported the isx from the start the ones who've made the isx a success
[BondLady] so if they dont add value to the iqdits gonna change it all many invested in the isx will lose there shares wont be worth any thing
[BondLady] but if they add value then they will gain in a big way so imo they have to take these things into concideration
[BondLady] as this is also helping the economy and building up the private sector thru the isx
[BondLady] and supporting all the companys with in the isx so to just lop would be stupid imo
BondLady] and im sure this just opened the door for my old buddy (not) keepem from another site to have a bash fest as he usually does on my chat or any one elses who goes against his its gonna lop the sky is falling routine
[BondLady] now that ive gave him some attention lets move on....
[BondLady] anyways my point is why crucify the small investors who have tried to do there part in building Iraq and the taxes the gov will be makeing off these companies and they also suport the state and economy, banks and private secotrs
[BondLady] ok let me find the next 1
[BondLady] Iraq: a mechanism for the inclusion of all the provinces of the Iraqi Central Bank auction 21/05/2012 02:32 BAGHDAD / center news for the Iraqi Media Network - revealed the Finance Committee, the parliamentary framework of the development of mechanisms to maintain the stability of the value of Iraqi dinar their demands the Central Bank of the involvement of all provinces without exception Bmzadeh of foreign currency indicating that the central bank began to take measures to not limit the sale of hard currency to a number of provinces.
A member of the Finance Committee Secretary Hadi's (Center news for the Iraqi Media Network) "The Finance Committee has asked the Central Bank of Iraq to increase the number of companies covered by the sale of hard currency to be those companies represented from all the provinces." said Secretary that "the Central Bank of Iraq seemed to plan New for the sale of hard currency through the daily auction by not limited to selling a number of companies,
but increase in number by granting licenses new ones. " and between a member of the Finance Committee that the "hard currency will not be after this procedure is limited to companies, some provinces such as Baghdad, Nineveh, but will sell the currency for all provinces and thus control of the monopoly, which raises the value of hard currency.
[BondLady] and saw the Iraqi dinar exchange rate fluctuation during the last stage he attributed the central bank to procedures taken to prevent the smuggling of currency out of the country in what bankers and managers of companies to banking, the Bank put Chorta impossible to participate Bmzadeh.
The price of the Iraqi dinar against the dollar (1700) to the dollar and cause of this decline to increase prices of goods in local markets. came measures the central bank to back of rising demand in an unprecedented way to buy hard currency in the daily auction of the bank, which arrived in demand nearly $ 450 million a day a figure that says about the central raises doubts. He attributed the central bank increased the demand for hard currency to the economic conditions of the "hard" suffered by Iran and Syria after the imposition of UN economic sanctions on them.
The main task of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including policies management of exchange rates and foreign currency reserves and the organization of the banking sector. http://imn.iq/news/view.12446/
[BondLady] so this IMO is kinda brilliant the cbi floods the market with usd and have since last year
[BondLady] why they doin that? and we saw how they pulled back in 3 trillon iqd in december alone
[BondLady] true santions have helped alot on this from iran an syria
[BondLady] but they had to have known that was gonna happen
[BondLady] as they would buy up any unsanctioned currency even if it caused the ruin of anothers economy so how could they not know this would happen ] imo they did
[BondLady] and it was as i said before a strategic move to draw back in the iqd by flooding the streets with usd
[BondLady] and by doing this forcing these other sanctioned countries to give up the iqd they held to suport there own economy and pay there bills
[BondLady] imo they couldnt just rv with out tryin to get them to give up the iqd before a rv
[BondLady] they would have to do something just like this to make it happen
[BondLady] dinar at 1166 for these countries that have sanctions on them doesnt seem like that big a deal
[BondLady] but them haveing hte iqd after a rate increase could fund all kinds of terrorist acts an nuke programs imo
[BondLady] so i felt like this move by shabibi was all about this coupled with also removing iqd from the streets an enemy neighbors of the usa kinda ensuring they wouldnt get to profit greatly by the revalue when it did happen
[BondLady] of course these are only my opinons but they make a lotta sense to me
[BondLady] yes it caused the dinar to fall in value but notice how shabibi kept the rate of 1166?
[BondLady] even tho weve seen many articles sayin 1200-1300 and the people turnin away from dinar for usd so they all getting rid of there iqd and buyin usd
[BondLady] pullin back in more more and more iqd off the streets an neighboring countries
[BondLady] the more they pull out the better a rate can beBondLady] so i look at all this is great and shouldnt be too much longer i hope that we get to see some proof of all this
[BondLady] 1 way or the other
[BondLady] brb with next 1'
[BondLady] want to say 1 more thing about this
[BondLady] so they are letting the people openly buy usd in almost all the provinces'
[BondLady] not just haveing to go thru the cbi to get the usd but almost every 1 can sell it in banks an traders why would they do that? ] unless its more of what i feel like is a strategic move by shabibi to get them to let go of there iqd for usd,
[BondLady] ok now brb
[BondLady] Iraqi university financial transactions 22/05/2012 BAGHDAD / JD is still aware of the financial dealings of modern applications of the unknown, at least within the Iraqi banking sector, who are divided into two categories-governmental and private, where lies the first under the regulations of traditional paper, while able to own update itself through the opening to the international banks and the introduction of Agliatt electronic more modern .
Organized by the Faculty of Law University of Iraq, the third annual conference for financial transactions in the markets and Iraqi banks, with a number of economics professors from various universities in Iraq. And this conference is convened in order to demonstrate the importance of financial transactions and banking in the Iraqi market, and vulnerability to global markets, and highlight the role of Islamic banks in the light of developments in daily life, as well as exchange of experiences among researchers.
The conference which was held under the slogan (financial transactions in the markets and Iraqi banks / study doctrinal field) throwing a number of research on the impact of Islamic law on financial legislation and banking currently in force, and the extent of absorption of Islamic jurisprudence to the legislation of modern entrusted with the role of markets and banks in the light of the market economy . http://www.dananerne...ails.php?ID=765
[BondLady] the more they talk about the banks and electronic banking the better for us and for them
[BondLady] banks had a way to go to get up to international standards and all these seminars and classes and studies are all big and from them they all will be able to help and teach the regular iraqi citizens to have and use these bank accounts for direct deposits and all banking needs
[BondLady] and a few months back when shabibi told them they could now do e-banking said most dont have or know how to use a bank account but almost every 1 has a cell phone and knows how to use that
[BondLady] and he told them how if they had bank accounts they could get direct deposits being a safer way to do buissness also cut down on robberies
[BondLady] and the banks could also invest some of there money for them in the isx makeing them more money
[BondLady] and thru bank accounts and e trading they could an withdraw there money any time they wanted to
CONTINUED: PART 3 LINK