WEALTHWATCH 4-20-16
Post From Wealthwatch.world Chat Room
Wealthwatch Chat Room News & Comments 4-20-16
*SCZIN11: GOOD MORNING....AND SOME BRIGHT NEWS TO WAKE UP TO...
*SCZIN11: Iraq Stock Exchange is planning to work after the trading system to "streamline" procedures and "activate" investment Author: ASJ, HH Editor: BK, HH 20/04/2016 14:39 Number of Views: 36 Long-Presse /
Baghdad Iraq Stock Exchange, announced on Wednesday his intention to work for after trading through the end of this year system in 2016, as he emphasized that it will contribute to "activate" trading and "attract" investment and "streamline" the work procedures.
Said Executive Director of the Iraqi market for securities, Taha Ahmed Abdul Salam, in an interview to the (long-Presse), said that "the trading system can be remotely investors from trading in securities via the Internet from anywhere," expected "system accomplish the end of the second half of the current 2016 ".
~~~
Post From Wealthwatch.world Chat Room
Wealthwatch Chat Room News & Comments 4-20-16
*SCZIN11: GOOD MORNING....AND SOME BRIGHT NEWS TO WAKE UP TO...
*SCZIN11: Iraq Stock Exchange is planning to work after the trading system to "streamline" procedures and "activate" investment Author: ASJ, HH Editor: BK, HH 20/04/2016 14:39 Number of Views: 36 Long-Presse /
Baghdad Iraq Stock Exchange, announced on Wednesday his intention to work for after trading through the end of this year system in 2016, as he emphasized that it will contribute to "activate" trading and "attract" investment and "streamline" the work procedures.
Said Executive Director of the Iraqi market for securities, Taha Ahmed Abdul Salam, in an interview to the (long-Presse), said that "the trading system can be remotely investors from trading in securities via the Internet from anywhere," expected "system accomplish the end of the second half of the current 2016 ".
~~~
He said Abdul Salam, that "the system will stimulate trading in the market and attract investment and simplifies operating procedures by allowing the introduction of stock purchase order or sold by the beneficiary directly under deals that purports to its conclusion," noting that "the system can be beneficial to cancel orders that do not want it, as well as access to reports and statistics they wish to get them to follow the evolution of stock trading activity. "
He said Abdel-Salam, "The use of remote system helps to follow the disclosure on a specific stock or stock corporations all," pointing out that "the update is the latest procedures that will be used by brokerage firms to enable investors to execute trades mechanisms themselves in accordance with the instructions and rules prevailing in the market Iraq Stock Exchange. "
Abdul Salam confirmed that "the Iraqi market will continue to hold workshops to introduce remote trading and increased expertise before choosing the appropriate system for investors."
*SCZIN11: http://ift.tt/1Vl6iZC
*SCZIN11: Iraq Stock Exchange is planning to work after the trading system to "streamline" procedures and "activate" investment
*SCZIN11: Iraq Stock Exchange is planning to work after the trading system to "streamline" procedures and "activate" investment
GJMAN: wow that sounds very promising SCZIN11
Donnie: Said Executive Director of the Iraqi market for securities, Taha Ahmed Abdul Salam, in an interview to the (long-Presse), said that "the trading system can be remotely investors from trading in securities via the Internet from anywhere," expected "system accomplish the end of the second half of the current 2016 ".
Donnie: basically they are saying that they will allow stock trade orders from around the world. They didn't mention anything about how to convert investors currency to Dinar to be able to buy/sell Iraqi stocks using Dinar.
*SCZIN11: ‹@Donnie› SO IT APPEARS THE BACK END DATE FOR AN INTERNATIONALLY TRADEABLE IRAQI DINAR HAS BEEN STATED BY THE ISX PTB! THE BACK END DATE.... END OF 2016...
DOESNT MEAN IT CAN NOT HAPPEN BEFORE THAT....NOR DOES IT MEAN THAT "OTHER" REFORMS ARE A PRE-REQUISITE FOR THIS TO HAPPEN- AGAIN, WE DON'T KNOW, WHAT WE DON'T KNOW!
WHAT WE CAN SEE HERE, HOWEVER, IS MONETARY REFORM / ECONOMIC REFORM PROGRESS CONTINUES! THIS IS HUGE IMHO....
Donnie: Doesn't say that but you can reach out to that conclusion if you want to.
Donnie: they can still use the 1166/$1 exchange rate. not too many people will invest at that rate IMO.
Doug_W: THANKS 11
Donnie: full article:LINK
*SCZIN11: ‹@Donnie› THAT IS CORRECT..THEY CAN USE THAT RATE...AND SINCE PROFITS AND LOSSES ARE BASED ON PERCENTAGES, DOES IT REALLY MATTER WHAT THE RATE IS FOR AN INVESTOR TO MAKE OR LOSE MONEY? IS IT ANY DIFFERENT THAN A PENNY STOCK TRADER?
THE KEY, IMHO, TO THE ANNOUNCEMENT, IS THE NEED FOR INTERNATIONALLY RECOGNIZED AND TRADED...
AND AS YOU STATED, HOW WOULD THE FOREIGN CURRENCY BE CONVERTED TO IRAQI DINAR IN ORDER TO BE TRADED FROM REMOTE LOCATIONS?
Doug_W: THAT SEEMS TO BE TEH 1 mILLION DOLLAR QUESTION 11
Donnie: Exactly!!!!
Donnie: According to Dr. Clark the exchange rate will be more favorable by Oct 2016 so at least this article is inline with him/her.
*SCZIN11: WELL, ONCE IRAQ IS ARTICLE 8, AND THEIR CURRENCY IS INTERNATIONALLY TRADED, AT WHATEVER RATE THAT MAY BE, IT MEANS IT WILL BE ON THE FOREX, AND IT WILL HAVE A BID/ASK; BUY/SELL PRICE- SO ANYTHING IS POSSIBLE AT THAT TIME...
THAT IS CERTAINLY PROGRESS, AND ABSOLUTLEY MONETARY REFORM... ALL THE ABOVE OF COURSE, IMHO!
Donnie: on the other hand... once world wide trading is possible, Iraqi's can manage their portfolios from and vacation place in the world. Iraqis don't need to convert their money it's already in Dinar :)
Donnie: "any vacation place"
Donnie: exactly. having Dinar internationally exchanged is a HUGE PLUS at any rate as you pointed out!!!!!
Donnie: $.01/Dinar is a lot better than $.0009/Dinar lol
Donnie: and I wouldn't be surprised at all if some people exchanged some Dinar at $.01
*SCZIN11: THIS IS THE FIRST TIME I CAN REMEMBER, IN ALL MY TIME RESEARCHING, THAT I HAVE LEGITIMATELY SEEN A TIME FRAM, TIME LINE, REFLECTING NOTHING BUT THE COMPLETION OF MONETARY REFORM...
AGAIN, IMHO, MONETARY REFORM MEANS GIVING THE IRAQI PEOPLE THEIR SOVEREIGN OWN CURRENCY, INTERNATIONALLY TRADEABLE AND RECOGNIZED...
I DONT SEE HOW ELECTRONI REMOTE TRADING FROM AROUND THE WORLD CAN BE DONE ON THE ISX WITHOUT THE PREVIOUSLY MENTIONED STATUS BEING FULLY IMPLEMENTED!
He said Abdel-Salam, "The use of remote system helps to follow the disclosure on a specific stock or stock corporations all," pointing out that "the update is the latest procedures that will be used by brokerage firms to enable investors to execute trades mechanisms themselves in accordance with the instructions and rules prevailing in the market Iraq Stock Exchange. "
Abdul Salam confirmed that "the Iraqi market will continue to hold workshops to introduce remote trading and increased expertise before choosing the appropriate system for investors."
*SCZIN11: http://ift.tt/1Vl6iZC
*SCZIN11: Iraq Stock Exchange is planning to work after the trading system to "streamline" procedures and "activate" investment
*SCZIN11: Iraq Stock Exchange is planning to work after the trading system to "streamline" procedures and "activate" investment
GJMAN: wow that sounds very promising SCZIN11
Donnie: Said Executive Director of the Iraqi market for securities, Taha Ahmed Abdul Salam, in an interview to the (long-Presse), said that "the trading system can be remotely investors from trading in securities via the Internet from anywhere," expected "system accomplish the end of the second half of the current 2016 ".
Donnie: basically they are saying that they will allow stock trade orders from around the world. They didn't mention anything about how to convert investors currency to Dinar to be able to buy/sell Iraqi stocks using Dinar.
*SCZIN11: ‹@Donnie› SO IT APPEARS THE BACK END DATE FOR AN INTERNATIONALLY TRADEABLE IRAQI DINAR HAS BEEN STATED BY THE ISX PTB! THE BACK END DATE.... END OF 2016...
DOESNT MEAN IT CAN NOT HAPPEN BEFORE THAT....NOR DOES IT MEAN THAT "OTHER" REFORMS ARE A PRE-REQUISITE FOR THIS TO HAPPEN- AGAIN, WE DON'T KNOW, WHAT WE DON'T KNOW!
WHAT WE CAN SEE HERE, HOWEVER, IS MONETARY REFORM / ECONOMIC REFORM PROGRESS CONTINUES! THIS IS HUGE IMHO....
Donnie: Doesn't say that but you can reach out to that conclusion if you want to.
Donnie: they can still use the 1166/$1 exchange rate. not too many people will invest at that rate IMO.
Doug_W: THANKS 11
Donnie: full article:LINK
*SCZIN11: ‹@Donnie› THAT IS CORRECT..THEY CAN USE THAT RATE...AND SINCE PROFITS AND LOSSES ARE BASED ON PERCENTAGES, DOES IT REALLY MATTER WHAT THE RATE IS FOR AN INVESTOR TO MAKE OR LOSE MONEY? IS IT ANY DIFFERENT THAN A PENNY STOCK TRADER?
THE KEY, IMHO, TO THE ANNOUNCEMENT, IS THE NEED FOR INTERNATIONALLY RECOGNIZED AND TRADED...
AND AS YOU STATED, HOW WOULD THE FOREIGN CURRENCY BE CONVERTED TO IRAQI DINAR IN ORDER TO BE TRADED FROM REMOTE LOCATIONS?
Doug_W: THAT SEEMS TO BE TEH 1 mILLION DOLLAR QUESTION 11
Donnie: Exactly!!!!
Donnie: According to Dr. Clark the exchange rate will be more favorable by Oct 2016 so at least this article is inline with him/her.
*SCZIN11: WELL, ONCE IRAQ IS ARTICLE 8, AND THEIR CURRENCY IS INTERNATIONALLY TRADED, AT WHATEVER RATE THAT MAY BE, IT MEANS IT WILL BE ON THE FOREX, AND IT WILL HAVE A BID/ASK; BUY/SELL PRICE- SO ANYTHING IS POSSIBLE AT THAT TIME...
THAT IS CERTAINLY PROGRESS, AND ABSOLUTLEY MONETARY REFORM... ALL THE ABOVE OF COURSE, IMHO!
Donnie: on the other hand... once world wide trading is possible, Iraqi's can manage their portfolios from and vacation place in the world. Iraqis don't need to convert their money it's already in Dinar :)
Donnie: "any vacation place"
Donnie: exactly. having Dinar internationally exchanged is a HUGE PLUS at any rate as you pointed out!!!!!
Donnie: $.01/Dinar is a lot better than $.0009/Dinar lol
Donnie: and I wouldn't be surprised at all if some people exchanged some Dinar at $.01
*SCZIN11: THIS IS THE FIRST TIME I CAN REMEMBER, IN ALL MY TIME RESEARCHING, THAT I HAVE LEGITIMATELY SEEN A TIME FRAM, TIME LINE, REFLECTING NOTHING BUT THE COMPLETION OF MONETARY REFORM...
AGAIN, IMHO, MONETARY REFORM MEANS GIVING THE IRAQI PEOPLE THEIR SOVEREIGN OWN CURRENCY, INTERNATIONALLY TRADEABLE AND RECOGNIZED...
I DONT SEE HOW ELECTRONI REMOTE TRADING FROM AROUND THE WORLD CAN BE DONE ON THE ISX WITHOUT THE PREVIOUSLY MENTIONED STATUS BEING FULLY IMPLEMENTED!
LIKE MOST, I HAVE BEEN WRONG BEFORE, BUT IN MY DEFENSE, BEING WRONG ABOUT LOGICAL GUESTIMATIONS, LIKE SAYING TARIFFS WITHOUT A NEW RATE ARE MEANINGLESS, ARE NOT INCORRECT INTERPRETATIONS, BUT RATHER CORRECT LOGICAL UNDERSTANDING OF WHAT THE TARIFFS MEAN...
WE CANT KNOW THEIR BENEFITS OR LACK THEREOF, AS WE ARE NOT PRIVY TO THEIR INNERMOST FINANCIAL REPORTS...HOWEVER, WHEN IT COMES TO ELECTRONIC TRADING, AND ANY EXCHANGE, WE KNOW FACTS...THEY ARE TRADED IN THE EXCHANGES CURRENCY- IN IRAQ THAT IS THE IRAQI DINAR...
IF I WANT TO BUY A LISTED STOCK ON MY COMPUTER FROM THE IRAQ STOCK EXCHANGE, MY BANK MUST SEND FUNDS TO THE TRADER IN IRAQ ON THE EXCHANGE IN IRAQI DINAR- THAT CAN NOT HAPPEN RIGHT NOW..
BUT IF THEY STATE IT WILL BE FINALIZED BY END OF 2016, THEN AT THAT TIME MY BANK WILL BE ABLE TO MEET THE REQUIREMENTS OF THE ISX..THAT BEING...TADING IN IRAQI DINAR!
Donnie: HURRAH!
via Dinar Recaps - Our Blog http://ift.tt/1Vl6lEI
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