[Shredd] i'm really hoping that once isx is opened and trading starts rolling, it will be a big beacon of investment for iraq
[tlm724] Shredd let that light shine
[Shredd] tlm724 yes and great point from last week regarding japanwe've seen such a huge support for iraq
[tlm724] so many major players have a hand in this thing, look at europe !!
[Shredd] guru's say banks failing and isx crumbling.....b.s........warka still around and isx continues to grow over 40% and wait till it trades, ipo's, competitive trading, quick turns it will be fun to watch
[anthonlcs1] Shredd I think it starts trading in early feb?
[Shredd] anthonlcs1 yes the 3rd i think
[dezertheat] Shredd internationally or locally?
Read More Link On Right
[Shredd] dez, local in regards to accounts held in iraq but international since any entity can open one soooo, this will boost their banking both cash and custody how that works is like this..... say your investment portfolio is diversified to foreign funds
[Shredd] my personal portfolio has 4% in sovereign debt i don't invest in ISX, but my fund does, make sense? that's how the entire international investment community will participate another reason why Asiacell showing all they are behind the isx is huge because everyone has heard of them
[dezertheat] so in that light, they don't need dinar to become internationally tradable, as it will already be doing that , so to speak but it will help it when they do
[Shredd] dezertheat correct here is where internationally traded comes into play and this is big all funds have rules in their governing documents as far as what limitations exist for investments and these limitations are based largely by investor appetite so,
[Shredd] once the dinar becomes internationally tradeable it will open the door totally open to investment for all existing funds that allow for emerging market investment
[Shredd] so imo, the market will watch the "test" of what the response will be starting after Feb 3 and then we will see that based on the response (we've already begun to see, ie Asiacell)
[dezertheat] Shredd while I have you hear, what do you think about the IQD having to rv at the beggining of a quater vs anytime?
[Shredd] the push for the dinar to be a strong representation of the value it should have will push hard to get the dinar out of a dirty float
[dezertheat] you think they will do it when ever or at the begining or end of a quarter.. yes they are starting to push
[Shredd] dezertheat well, in regards to the budget, we saw the confirming response from shabbs about changing mid year but budgets can be amended
[dezertheat] so anytime, is the right time..
[Shredd] well, remember this we've been seeing how the prices for the auctions are different than the cbi rate, right so pricing tells us market perspective of value same goes for products and services we buy is the price fair for what you buy....
[Shredd] thing is, for currency exchange, banks stick with the stated rates but traders, ie brokers dont have to so imho we may see a high demand for dinar outside of what is the stated rate
[Shredd] so when peeps freak out about a slow creep in rates i get excited why? because demand will rock and roll i know im the banker and look at the numbers but what im telling you i've seen already
[Shredd] the precedent that is like back in the early 2000s the idea of an undiversified fund and in real estate was a bonkers idea but a fund stepped out and did it saw over 10% gains in the first quarter so guess what happened
[dezertheat] more jumped in?
[Shredd] clients started running towards this idea yes and we were closing these deals faster than (insert BL redneck line) same will go for Iraq,when you say iraq to most peeps they think of bombs, the lost soldiers, sand, camels and really big spiders but we see the first returns in the ISX we see p&ls from businesses in iraq and it will rock and roll dubai part 2 , it's not an IF its a HOW SOON
[oldbarbie] Shredd how soon do you think ?
[Shredd] oldbarbie well, let me answer you this way in my real estate example it only took two months only because it takes a little time to structure investment deals, do the legal and underwriting, etc but it could be sooner, depends on the market and the market is hungry by the way a lot A LOT of investor money has been sitting stale for too long [Shredd] Shredd - out