DINARESGURUS.BLOGSPOT.COM__________________________

Saturday, July 22, 2017

KTFA UPDATE, 22 JULY

StephenMac63:  I think the reason we are getting different prices and value of the dinar is because the websites that provide this get their information from various sources.

The grand poo-bah of the dinar value source would naturally be the CBI.

Many of the websites that report these varying prices are prolly not connected to the CBI directly as the prices reflect that. They get their information downstream which might be current at the time but not at the moment when the website is visited.

There are so many financial reporting websites, forex based websites and with the value reporting being sporadic across the industry, its not surprising to see a fluctuation of the stated value.

Stick with CBI.
....
***************

Walkingstick:  FRIDAY, 21 JULY, 2017 | 21:30 WIB

Rupiah Redenomination Process Will Take 11 Years

TEMPO.COJakarta - Bank Indonesia (BI) Governor Agus Martodjojo said that the process to redenominate rupiah could take as long as 11 years. Therefore, Agus said that that the rupiah redenomination process must be initiated soon. 

According to Agus, now is the perfect time to commence the rupiah redenomination.

“The political and economic conditions are currently sable,” Agus said today.

President Jokowi will be involved to draft a law on the rupiah redenomination. The draft bill will be immediately be suggested to the House of Representatives as soon as the government approves it.

Agus reveled that the draft bill (RUU) is expected to be deliberated in in August so that it could be finalized by the end of this year.

If the draft bill was to be completed on schedule, the government will be able to start the preparation in 2018 or 2019. The transition process will take place in the period of 2020-2024. Bank Indonesia will introduce the currency before and after the redenomination.

https://en.tempo.co/read/news/2017/07/21/056893455/Rupiah-Redenomination-Process-Will-Take-11-Years

InfiniteEagle:  “process must be initiated soon.......now is the perfect time .....expected to be deliberated in in August so that it could be finalized by the end of this year..........”

I WONDER WHY NOW IS THE PERFECT TIME. I WONDER IF WE WILL SEE OTHER COUNTRIES TALKING ABOUT DOING THE SAME THING.

ON YOUR MARKS......GET SET........ **!!!!!!

Chris05:  IMO, When Iraq is Ready = US is Ready = The Rest of the World is Ready

************

Samson:  Iraq Stock Exchange announces the implementation of a deal worth ten billion dinars

 22nd July, 2017

The Iraqi Stock Exchange announced on Saturday that its index recorded an increase in the number and value of shares traded during the last week, at a time when a deal exceeded 10 billion shares during the same week.

In a statement received by "Eye of Iraq News", the Executive Director of the market Taha Ahmed Abdul Salam said that the Iraqi Stock Exchange organized five trading sessions in the regular market and one trading session on the second market during the week ending July 20, (101) joint stock companies (72) listed companies in the regular market and (29) listed companies in the second market, where traded during the sessions last week shares (44) companies in the regular market and one company only in the second market.

"The number of shares traded for last week reached (31) billion shares compared to (1) billion shares for the week before which it rose by (1514.67.78%) compared to the previous week, either the value of these shares amounted to (14) billion dinars compared to (1) Billion dinars for the week which is also high by (1170.55%).

"The number of transactions executed last week reached (1657) transactions compared to (1235) transactions for the week before. The ISX 60 index closed   at 564.98 points at the end of the week, down by 0.93% from the close of the week before.

He pointed out that "the number of transactions executed during the last week amounted to one deal and the number of shares traded during (25,714,627,012) shares valued at (10,542,997,075) dinars, carried out on the shares of the Commercial Bank of Iraq.

"The number of shares purchased by non-Iraqi investors last week (25) billion shares decreased by 74% compared to the week before, and the value of those shares amounted to (10) billion dinars low is The other 49% through the implementation of (38) shares on the shares of (9) companies.

As for the number of shares sold by non-Iraqi investors last week, he pointed out that they amounted to (9) billion shares, up by 28%, measured by the week before, at a value of JD (4) billion through the implementation of (239) on the shares of (4) By 79%

http://aynaliraqnews.com/index.php?aa=news&id22=79274&lang=

No comments:

Post a Comment

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