Post From Currency Chatter By Tlar: To be an international exchange, you have to have your own international currency.
TrixieDinar: Director of Arbil Stock Exchange: We will participate Bmatmaren international stock exchange
05/11/2014 Basenyoz - Erbil
Said Director of Arbil Stock Exchange Abdullah Ahmed, said that 'Arbil Stock Exchange will participate in two conferences of the Stock Exchange in Dubai and Stockholm during the coming period', noting 'in the two conferences will participate exchanges internationally-known, such as Dow Jones and NASDAQ Americas in addition to the stock exchanges other world.'
added 'system will be introduced NASDAQ U.S. stock exchange Arbil, where will the system end of next month to Arbil Stock Exchange. '
The Nasdaq was founded in 1971 and headquartered in New York, the largest stock exchange operates on the basis of one screen linked to 3200 company.
, and preparations are under way for some time to run Exchange Arbil, using the expertise of local and foreign. Other news http://m.basnews.com/ar/News/Details/mod/20060
HandOverFist: Are they saying NASDAQ will be on the Erbil Stock Exchange at the end of June? If so, this is great! They will need international currency for this...........correct?
BlueyesinLevis: We just have to hang tough.... dont let the Maliki propagnada articles get you down.... good things are coming..
Tlar: HandOverFist, In a word yes. To be an international exchange, you have to have your own international currency. Tlar
Tlar: The last time a relative time for going international was given by the Iraqi stock exchange going, was in 2010. Shabibi had just passed the test the IMF had given him which was to hold the currency all through 2009 (12 consecutive months) steady at 1170 which the IMF had challenged him to prove he could do. He passed the IMF test. ‘
In January 2010 he announced to the world he would delete the zeros from the nominal rate and redenominate the currency by the end of the year.
The ISX announced a few days later that they would be an international exchange by October 1st of the same year. They obviously thought that the currency would be international by then because they can't go international without a tradable currency..
We know that Shabibi did not delete the zeros in 2010 and that's the last the ISX has said anything about being international until this article to the best of my recollection.
This article does seems to imply that or or around the middle of the year they will be an international exchange. tlar
Flyboy: It seem to me, Tlar that a tremendous coordination of efforts between the world wide banking systems, stock markets and the other central banks, must be apart of this launch in order for it to successful.
So, it stands to reason that some kind of heads-up between these groups and their potential clients must take place. I feel certain, although well planned, this is less that top secret among this group…and for that matter much of the rest of the world.
Iraq has themselves a BIG STICK and they know it… And, if the right guy get in the drivers seat…this bus is going to take us all for one hell-of-a-ride. As always, thanks for your good work….good to have you here.
Trixie Dinar: Nasdaq invites ESX to two international conferences
12.05.2014 Shwan Barzinji BasNews, Erbil
American Nasdaq Stock Market has invited the Erbil Stock Exchange (ESX) to two international conferences.
Abdullah Ahmad, the head of ESX told BasNews that the Kurdish stock exchange will participate alongside some of the biggest stock markets in two international conferences, in Dubai and Stockholm.
Nasdaq and ESX have signed an agreement to power the ESX with NASDAQ OMX X-stream trading technology to increase market participant involvement, both in the region and internationally.