DINARESGURUS.BLOGSPOT.COM_________

Saturday, November 7, 2015

DINAR IRAQ & DONG VIETNAM UPDATE, 7 NOV

Country's getting loans just prior to a currency increase is common practice and history. A bank will not loan one money unless they feel the loan can be paid back!
I believe that Abadi has sold his program to the Parliament and that program is the CBI plan to raise the value of the dinar. This means that for the first time we have all of the major players on the same page, irrespective of Maliki’s attempt to meddle in the process.
I see forces moving that cannot be stopped easily. Furthermore, if you recall, it was the IMF who insisted that the Investment Law be passed before the end of October, and it was, barely.
It was also the IMF that stated unequivocally that Iraq would “enter the world market” in early 2016.
*****
they were going to do this in March..but they didn’t do it because of lack of stability…then by July again Shabibi says no…look at security…so they didn’t do it…Dr. Shabibi and Abadi got to work just after July…by Sept you see so many things being accomplished by Abadi and Shabibi…Yesterday Abadi said we are 100% secure here in our country…now…look to early October…the Unity Card…the amendments of the laws…removal of terrorism…the removal of bad cabinet members…they did it all…now we are in November which will show a plethora of information…what they said yesterday we confirmed that three months ago…their intent was to remove the US by 1/1/2016. I think we need to see the removal of the USD in Iraq….the removal of Maliki before we see the raising of the currency rate. There are many changes in Iraq…SECURITY, STABILITY, but no PROSPERITY at 1166…
****
Alsumaria News / Baghdad
Iraq Stock Exchange announced Thursday, the rise in share trading value by 450 percent to more than 63 billion dinars in October, while the Securities Commission decided to suspend trading for 24 companies.
Market during October 18 daily session in the formal market and one session in the second market, the number of companies traded 59 companies out of 98 listed in the market, with the market index ISX60 closed at the end of October at 781.560 points, its decline of 7.5 % compared to its value in the month of September amounting to 844.900 points.
The market during October trading 135,731,000,000 shares with an increase of 1,208% compared to last September, which amounted to 10.375 billion shares, financial value of 63.867 billion dinars, a rise of 451.34% compared to September value of stocks in which 11.584 billion dinars, while the total The number of transactions executed 7,277.
The number of traded shares purchased from non-Iraqi’s 238 million shares valued at 803 million dinars from 386 deals, while the shares sold amounted to investors from non-Iraqis 88.332 billion shares valued at 737 million dinars from 493 deals.
Securities Commission suspended trading of 24 companies for its decisions to non-compliance with the instructions of financial disclosure.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.