Isn't this HUGE?? I know dates have come and gone, but.... isn't this guy confirming the imminent intro to the the global stage? Even if they didn't reval (which we all know they will) wouldn't this skyrocket the value anyway?
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ANOTHER QUESTION:
If the ISX goes international in APRIL, 2007 as indicated by their response to Inscrutable's inquiry (below) does this mean that a revaluation of the currency must wait and go hand-in-hand with the ISX's entry into the international trade or can the RV happen independently (months) ahead of the ISX joining the "world operations"?
Inscrutable's Inquiry
Dear Sir,
Thank you for your time.
When do you expect the ISX to be indexed with the Dow Jones index n the United States. Is the Investment law hindering this move?
Thank you.
Reply from the ISX CEO
Dear ---,
The BOG in ISX now, writing the trading rules for the F investors. I believe we will join the world operations after we finished the automation in April 007.
Regards,
TAHA AHMED ABDUL SALAM
ISX CEO
No,
The ISX is being automated so it has the capability to handle the types of orders that will be forthcoming with an international trading market. In its current platform no traders would bother with the exchange. They are not able to control when there trades take place.
The RV is more than likely tied into the HCL and the FIL. The distributions to the citizens will become excessive to the point of hyperinflation and a mass flooding of currency into the open market. While the oil is purchased in American Dollars the distributions to the citizens will be in dinar (no link but simply common sense) If $3500 in dinar at current levels is distributed to every adult citizen every year you are talking about a significant flood into the market place at the current rates.
Dollarization is what they are trying to avoid. This would only hinder that process.
JMO
Hope that this helps
Can someone please post for me the link for the excel dinartracker? It was given out i believe yesterday, but i somehow erased it.
Thanks,
hunter