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Wealthwatch OOTW / Sczin11 & Butifldrm 2-1-16 Part 2 of 2
*SCZIN11: THE AUCTIONS CONTINUE TO PROVE CORRUPT...THE SPREADS ARE MAKING HUGE PROFITS FOR THE CBI AND MONEY EXCHANGERS,
THE FAKE INVOICES WITH TRANSPARENCY PROVING TO BE LARGER AND MORE VALUABLE THEN THE PER CENT OF IMPORTS TO OIL REVENUE DEMANDS,
THUS MORE CONTINUED CORRUPTION...NOW LETS OFFER 18% TO THE CORRUPT AND A COMPETITIVE BOND RATE TO THE POOR...
AND ALL THIS WHILE THE IMF IS WACHING OVER AND THE WORLD BANK IS SITTING IN THEIR PLANNING MEETINGS...WHAT A GREAT WORLD WE LIVE IN
*SCZIN11: OH, LETS NOT FORGET TO MENTION THE HOME MALIKI JUST PURCHASED
Butifldrm: If 18% happens I'll put my money in an Iraqi bank. I doubt that's going to happen.
*SCZIN11: WHAT HAPPENED TO THE FALL OF MOSUL REPORT? DOES ANYONE KNOW WHAT BUS THAT WAS THROWN UNDER?
Butifldrm: When money goes electronic it's easier to follow
*SCZIN11: AND CHALIBI...HMMMM... THE USA LAB AUTOPSY REPORT....IS THAT PILED AWAY WITH THE CHALUBI FILES ON THE CORRUPT?
Butifldrm: Yes that brings me to another discussion. ISIS is in control of State owned Banks in Mosul
*SCZIN11: ‹@Butifldrm› AND HOW ABOUT SYRIAN BORDER?
Butifldrm: Electronic money would make it harder to confiscate
Butifldrm: How about that Dam
*SCZIN11: AND ON AND ON AND ON
Butifldrm: Yea of course. Best Soap Opera in town
Butifldrm: Oh hi woods
*SCZIN11: GOTTA GO... CYA LATER
*SCZIN11: OOTW..HELLO AND GB, LOL
Butifldrm: Ah bye honey
OOTW: Iraq's new index will begin the week in green Iraq's new index will begin the week in green Iraq Stock Exchange - archival January 31, 2016 16:33 Direct: enable the general index of the Iraqi market for securities ISX 60 to rise by the end of the trading session on Sunday, the winner by 1.41% 8.88 points to reach the level of 638.54 points.
The total value of trading today to 1.83 billion dinars, compared to the value of Thursday's session trading amounting to 635.73 million dinars, the size of 2.2 billion shares traded through 638 transactions.
The index support today's high stock prices of 22 companies out of 39 companies were traded on the stock, while stock prices fell 6 companies.
The Gulf Commercial Bank shares ahead of gainers by 10% to the price of 0.44 dinars, and the same proportion of Baghdad rose to packaging materials for the price of 1.32 dinars.
While the carpets and upholstery losers shares issued 7.25% for the price of 3.71 dinars, fell desert of public transport 3.75% at a price of 0.77 dinars.
The general index of the Iraqi market may decline by the end of Thursday's trading session , up 0.04%, or 0.27 points, reached out to the level of 629.66 points.
OOTW: THERE YA GO BUTI
*SCZIN11: ‹@Butifldrm› ‹@OOTW› ACHA AGAIN.... IRAQS N E W INDEX.
Butifldrm: Yea thanks honey
Butifldrm: We just need to keep our eyes on this. I did not look today
Butifldrm: Guys have to run son to tutor bbl
OOTW: I FOUND THIS - SO THIS IS THE FIRST TIME SINCE 2003 THEY'RE SELLING INTERNAL BONDS SINCE 2003 Markets | Thu Jan 21, 2016 10:12am EST Related: FINANCIALS Iraq to sell local bonds to public for first time since 2003 - finance minister BAGHDAD Jan 21 Iraq plans to sell local bonds to the public for the first time since 2003, with a 5 trillion dinar ($4.24 billion) issue expected this year, the finance minister said on Thursday, as the country seeks to cover a widening budget deficit.
The three-year bonds will carry an interest rate of 10 percent and will be sold to "citizens and employees", Hoshiyar Zebari told a news conference in Baghdad. Iraq already issues treasury bills to domestic banks and has international bonds outstanding. ($1 = 1,180.0000 Iraqi dinars) (Reporting by Saif Hameed; Editing by Gareth Jones)
OOTW: THAT'S WHAT I POINTED OUT THIS MORNING, BUT I THINK Y'ALL MISSED IT
OOTW: [02/01/2016 11:01:18 AM] OOTW: " in the interest of the citizen through internal bonds instead of resorting to asking foreign bonds"
OOTW: THEY'RE ATTEMPTING TO STERILIZE THE MARKET
OOTW: I DON'T KNOW IF ANY OF YOU REMEMBER SCOOTER, BUT THIS WAS ONE OF THE STATES HE TOLD US TO WATCH FOR PRIOR TO A POTENTIAL CHANGE IN VALUE
OOTW: HE'S A VERY SMART MAN
Dianne777: i remember that
Dianne777: its been along ago though
OOTW: YES MALIKI HELD THINGS UP A LONG TIME
Donnie: ‹@OOTW› "THIS WAS ONE OF THE STATES HE TOLD US TO WATCH FOR" what state are you referring to?
OOTW: the state of sterilizing the market by pulling in dinar
OOTW: via bond sales OOTW: in "local" currency
OOTW: bonds for sale in iqd OOTW: not in usd
Donnie: ‹@OOTW› gotcha!!
Butifldrm: Hi guys this bond sale is very important
OOTW: how so?
OOTW: buti do you want to elaborate on the isx article?
BOBBY: OOTW....evening.... the bond sales are in IQD??
OOTW: thats what the article eludes to OOTW: wealthwatch.world/showthr...
BOBBY: Is this being used to draw in the dinar?
OOTW: SO IT SEEMS, THIS IS AN EVENT THAT SCOOTER TALKED ABOUT..HE'S A RESPECTED RESEARCHER WHO DECIDED TO LAY LOW IN THE DINAR COMMUNITY
OOTW: HE SAID THAT WE WOULD SEE SOMETHING LIKE THIS AS THE CBI MOVED TO DRAW IN LIQUIDITY
OOTW: "STERILIZATION" OOTW: I THINK HE CALLED IT
OOTW: CERTAINLY BUTI DOES
OOTW: SHE SAID SHE HAD A COMMENT TO MAKE ON THE ISX ARTICLE, BUT I THINK SHE GOT BUSY TONIGHT
BOBBY: interesting article
BOBBY: just odd to think of the typical Iraq citizen hoarding money
OOTW: YES AGREED
OOTW: I DON'T THINK THE POOR CAN AFFORD TO
BOBBY: Would this be tied in with there banking system at all?
Donnie: i looked in the forums and I can't find a recent ISX article
Donnie: which one are you referring to?
OOTW: OH SORRY I HAVEN'T POSTED IT LOL OOTW: HANG ON
Donnie: TY ma'am
OOTW: BTW SCZIN11 FOUND THE ARTICLE YESTERDAY OR THE DAY BEFORE
OOTW: I LOSE TRACK OF TIME NOW OOTW: LOL
Donnie: I saw that earlier today. one day doesn't make a market direction. time will tell
Donnie: today was down a little
Donnie: from the close on Thursday (market closed Fri 7 Sat) to the close on Sunday was a nice jump up.
OOTW: YES AGREED
OOTW: I'M SURE BUTI HAD SOMETHING TO SAY WHICH RELATED TO THE ARTICLE NOT EXACTLY RE THE TEXT OF THE ARTICLE
Donnie: see chart of past 12 mos of ISX action
Donnie: interesting news post on ISX website
OOTW: YES ITS ON THE RISE
Donnie: decline of 26% in 2015
Donnie: "7. The price index ISX60 closed at (995.944) points on the first trading session 2015, and closed at (730.560) points in 2015 last session. Achieving a decline of (26%)."
Donnie: "8. The non-Iraqis bought (72) billion shares worth IQ (73) billion in (60) companies. The non-Iraqis sold (182) billion shares worth IQ (114) billion in (57) companies, including the sale of HSBC contribution in Dar-Alsalam Investment Bank.
The market indicators are part of the Iraqi economy which has been affected by the economic crisis for the decline in oil prices globally since 2014. And reached its lowest level in the second half of 2015."
Donnie: bought only 72 billion shares and sold 182 billion shares