Thread: Iraq/Dinar News up until March 28th 8PM CT.

Hi,
Can someone confirm when the the F.I.L. will be enacted and that foreign investers will be able to trade directly on the Iraq Stock Exchange.

Originally Posted by abbey56

Hi,
Can someone confirm when the the F.I.L. will be enacted and that foreign investers will be able to trade directly on the Iraq Stock Exchange.

Go ahead and trade on ISX in april/may

Clients

The Iraq Stock Exchange is open for international investors who desire to contribute to the reconstruction of the Iraqi Economy. New legislation with the purpose of liberalizing the oil-rich Iraqi economy and promoting free market economics stipulates that:

* foreign investor shall be entitled to make foreign investments in Iraq on terms no less favorable than those applicable to an Iraqi investor, unless otherwise provided herein. Ref: Investment Law
* The amount of foreign participation in newly formed or existing business entities in Iraq shall not be limited, unless otherwise expressly provided herein. Ref: Investment Law
* A juridical or natural person foreign or domestic has the right to acquire membership in (all) companies … as a founder, shareholder or partner . Ref: Commercial Company Law

To deal with Aman Financial Services Inc, the investor is required to open an account, for which he is required to fill an Account Opening form.
http://isx-aman.com/

Hi,

Thanks for that answer Raditz, I can assume then it would be absolutely stupid of them if they dont revalue before this happens, we have discussed on many occasions that if they dont everyone of us could buy as many shares as we wish for peanuts.

Originally Posted by abbey56

Hi,

Thanks for that answer Raditz, I can assume then it would be absolutely stupid of them if they dont revalue before this happens, we have discussed on many occasions that if they dont everyone of us could buy as many shares as we wish for peanuts.

Well, that is my opinion aswell, and probably most of us in here think the same.
But we have learned by now that this is Iraq and april/may, can be august/september. But it still feels that we are closer then ever and i dont think we have to wait much longer!