Iraqi Dinar Guru opinions 9-25-16
Iraqi Dinar Guru opinions 9-25-16
9-25-2016 Newshound Guru mike Article: “Iraq Stock Exchange launches instructions online trading system for investors” Quote: “…he emphasized that the service will be launched in the first quarter of 2017…” [Is anyone else able to hear the can being kicked down the street another time?] I hear it loud and clear. Here’s the thing, for years now anyone, who wanted, could buy Iraqi stock. The thing is, who wants to? Until the investment and banking laws are in the books and the banks are functioning like they’re supposed to, no one is going in and buying up shares of Baghdad Bottling, it’s just not worth the risk. There are tons of other penny stocks to buy in countries that are much more stable than Iraq, the reward just isn’t enough.
9-25-2016 Newshound Guru mike …in my opinion, it’s not the value of the dinar that’s keeping investors out of Iraq. It’s the lack of banking and investment laws coupled with the crippling corruption that is Iraq. Look at it this way, the total market capitalization for the ISX is roughly $9 billion dollars. There are a bunch of folks that could literally buy every stock available on the ISX, in the big picture, $9 billion isn’t a prohibitive number. So, why hasn’t anyone done that, heck, they could own every business on the ISX for that amount. The answer is security, stability, laws, infrastructure and politics. When Iraq can make the environment more conducive to fair and open market policies, the investors will come, even if the dinar is still at 1182. …historically the CBI has only talked about raising the value. However, I can remember when the dinar was 1166 to the dollar and now it’s 1182, they’ve already reversed course on what they’ve previously stated. Moving from 1182 to 1400/1500-$1 isn’t so farfetched to me, especially with the price of oil at $40 something a barrel.
9-24-2016 Intel Guru ADMINBILL THE NEWS CONTINUES TO BE POSITIVE BUT NO ACTION AS YET. FRUSTRATION IS GROWING WITH BANKERS AND OTHERS. THE NEED FOR THIS EVENT GROWS. WE WAIT FOR THE RELEASE. IT IS MY OPINION, BASED UPON THE NUMEROUS PIECES OF INFORMATION COMING IN, THAT THE RV WAS COMPLETED, THE FUNDING IS IN THE BANKS AND WE ARE SIMPLY WAITING FOR THE GREEN LIGHT FOR OUR TURN. ALL POINTS TO BEFORE THE 1ST BUT THAT IS STILL A BIG QUESTION MARK.
9-24-2016 Newshound Guru mike Article: “Nassif Abadi demanding reforms in the Central Bank” …the IMF and WB are NOT in control in Iraq. For some reason folks thought their involvement would be the panacea for Iraq’s financial woe’s and this reminds us they alone aren’t the solution, they need the political will of Iraq to accomplish the overall goals. Whacking Zebari demonstrated who’s in control of Iraq and it isn’t the US Treasury, IMF or WB. It’s the Iraqi’s themselves.
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