Thread: "RollsRoyce ISX Tidbit!"

Originally Posted by Bill

Thanks man. Hope your brother comes home safe.

me to as he owes my 100 pounds lol as soon as i here anything else i will post to u all best to all

Originally Posted by Seaview

Two words Chuck. 'Warka Bank'.

Four words Chuck. 'Dar El Salaam Bank.'

Frankly, even more.

I think many are not comfortable with shares by "proxy".

Originally Posted by Seaview

Two words Chuck. 'Warka Bank'.

Four words Chuck. 'Dar El Salaam Bank.'

Frankly, even more.

one word Seaview. Eh? - oh nm i c now, proxies...

Originally Posted by Seaview

Two words Chuck. 'Warka Bank'.

Four words Chuck. 'Dar El Salaam Bank.'

Frankly, even more.

I agree with this. Keep reading posts where it is mentioned that big players are waiting to jump on this but you would think they would know that they can get in now if they so choose. Are they concern with the Proxy situation?? I guess that could be. Are they waiting for it to be an easier process to get their money in?? If thats the case, not a smart financial move IMO.

I guess I took too long to respond.

I found this article and even though it isn't current, it isn't very old either. But I found it interesting none the less seeing that it talks about the SDR, exchange rates and the stock market. I thought I would place it here to see if anyone can make any sense of it. May have relevance, may not?

Currency volatility in the currency market and the contractual obligations

Then star
include economic contracts between States defines a type of currency that will work in the implementation of the customer pays for the value of the contract processed by the processor, as a result of confusion and currency market volatility has increased sharply.

Born much of this particular damage to both clients and processors depending on the nature of the direction of currency fluctuation on repayment of what it was on signing the contract .. .As a result, in order to avoid such damage has been part of the contract to include a provision to protect the parties to the contract from the results change currency formally by changing the value of the contract increases and Kassan by the change in the currency as a result of a formal decision issued by the exporting State for the currency to go up and down value.
But noted that currency fluctuations do not require that comes as a result of a formal decision issued by the financial authorities in the State, but happen affected the economic situation of those States or expectations of speculators on the stock exchange for economic or political conditions or what happens from serious upheavals of those States and the level of balance or surplus and the deficit in the balance of payments.

As a result of instability in international economic conditions, the effects of political party won a mere expectations given Governing as happened recently in the United States since the Democrats controlled the Senate first and second or late rainfall as happened in England recently would affect sharply and directly on the exchange rates of those States on the stock exchange.

The American dollar is a column by stabilize the international monetary system since the previous commitment of the United States under the provisions of the Treaty (Bertcheon institutions) to turn around and gold therefore After mentioned in the state's decision in August 1971 to pledge funding (dollar) gold shaken currency markets and unbalanced global currencies the fact that the dollar was the currency used in payment in international trade transactions.

Since that time, began looking for an international monetary system more equitable and achieve some sort of stability in the external payments away from the vagaries of the money market, In July 1974, after extensive studies and discussions continuing emerged of a new so-called system (SDR) Special Rowing Right, it symbolizes b (SDR) and the SDR, so the reader knows what these decent financial organization, which represents a monetary unit of account given by the nuclear have the right to obtain currencies subject to funding not from IMF resources, but self-member States with good balance of payments and reserve relatively high, and already has been defined this organization with the new system b (basketball standard Standard Bas).

In short, the concept of this system is based on the currencies of countries which were exports of goods and services for the period from 1968-1973, more than 1% of the total export of goods and services in world markets.
As a result of the inventory clear that the States are (16) StateBased on the size of each State's exports of goods and services are the basis taking into account other factors as the importance of certain currency in the global economy does not necessarily correlate with the size of exports, but may be affected by other factors, size using this currency in the international monetary reserves.

The foregoing shows clearly that the impact of fluctuations in currency exchange rates on external payments will inevitably diminish their impact to a large degree because of the low price of its specific impact will be determined by weight index for the currency in (the basket standard) The impact of this reduction will diminish rise, which will also take place in currencies other available cash on the stock market and the introduction of processing contracts for foreign monetary unit of measure resident selected as the currency of payment will protect contracting parties well from the effects of exchange rate fluctuations and avoids damage unexpected arising from this, we find in this issue a point of view of the Iraqi government while trying to find to take the principle of cooperation and contracts with the world must take those factors into consideration, including Iraq's economy serves as a contracting companies with expertise and the right to manipulate the exchange rate.

Translated version of http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=38151

Cheers!
DayDream

Originally Posted by bigjase1

me to as he owes my 100 pounds lol as soon as i here anything else i will post to u all best to all

Cool LOL!!!!!!

Originally Posted by MrFnHappy

I think many are not comfortable with shares by "proxy".

My point was - once foreigners are allowed into the stock market anyone with a Bank Account in Iraq (which a foreigner is allowed now) can get hold of shares - this has nothing to do with proxy. This just isn't news. Sorry.

Originally Posted by Bubba Dinar

What is the significants of all this?

In my opinion,

This means a lot of guys with a lot of money are about to jump on the Iraqi stock market like bums on baloney sandwiches.

Familiar with the term, "buy low, sell high"?
This new market is selling very low right now and will soon explode with huge returns when the R/V occurs.

Remember a little outfit named "Yahoo"? Their stock was purchased low and later turned a lot of folks into millionares. This is kind of like the same thing.

Am I close in my theory anyone?

Originally Posted by MrFnHappy

I think many are not comfortable with shares by "proxy".

IMHO these illegal warka proxy accounts are a recipe for disaster. I would not be surprised if the CBI pulls the rug out from under them when the ISX is truly open to foreign investors. I am sticking with my stinky dinars.

Originally Posted by danny51

IMHO these illegal warka proxy accounts are a recipe for disaster. I would not be surprised if the CBI pulls the rug out from under them when the ISX is truly open to foreign investors. I am sticking with my stinky dinars.

Most of us that have stock have not let go of our dinar in hand. I for one have my diner in 3 places to try and cover all bases.