Salamon69: Just thought I would pass this along as it is helpful for me to think of the IQD like I would a stock.
The IQD is the stock symbol representing the company Iraq.
1 dollar can buy right now 1190 shares of IQD
The price of the stock IQD is .00084
1 dollar × .00084 = 1190 shares of IQD
Just like buying a stock there is the bid price and the ask price.
The ones buying IQD want to pay the bid price so they can get more shares of IQD. The ask price is what sellers want to sell their IQD to buyers. That is the spread.
As demand for the IQD grows the buyers will be willing to pay to buy stock at the ask price and sellers will be unwilling to sell their shares of IQD at the bid price.
So the price of the stock will rise. Instead of the price of the IQD being .00084 it would rise to let’s say .00095 and then as an example .001
For me thinking of it like this makes me realize why our brother Delta gets excited when 1 USD in the market can buy 1184 IQD
That means the price of the stock or value of the IQD is rising….
Just like a stock there comes a point when there is so much pressure to the stock price because of high demand the market makers must increase the ask and bid price of the stock.
In this example the CBI is the market maker. they are under pressure to change the price of the IQD when the market price is above the current ask price which their official rate is .00084. That is 1 usd can buy 1190 shares of IQD at the official price of .00084
And they can change the ask and bid price when such pressure is exerted.
When the CBI drops the 3 zeros on their currency it is like a gap up for a stock.
Now all of a sudden in the market the ask price for the IQD is $1.85 for one share of IQD
So let’s say you own 2 million shares of IQD. ( another way of saying you have 2 million dinars )
You can now sell at at much higher price because demand is at all time high for the IQD
Now I am more excited when Delta pays that 1 USD can buy 1186 dinars the other day. As pressure is growing for our IQD stock to POP POP POP!!!
And like a stock the more news that leaks out of Iraq that suggest the value of the company ( country ) is growing the higher the demand for the stock.
Thus forcing the hand of the market maker to re value the price to reflect the TRUE value.
And the market maker in this case is the CBI
For some reason this morning it was the a light bulb going off in my head from all of Frank’s studies and merging together what I know about stocks…
Now it makes sense why they could not revalue in the past…. just like investors look at a company to be secure and profitable to invest in a company. Especially in a stock that was devalued to a penny stock.
The CBI had to wait but now timing is right…..
Samson: The Bank calls on companies wishing to merge to form banking companies https://cbi.iq/news/view/993
Moparman: here is yet another article of exchanges going international. If they want to keep pace with development, they need to get off the program rate.
GiGi: SO MANY GOLDEN NUGGETS ALL SCREAMING INTERNATIONAL
Samson: The stock market starts the week in red
3rd February, 2019
The benchmark index fell 0.10% to close at 491.77 points
The number of shares traded reached 384.9 million shares worth KD 340 million
Seven shares led the index down, provided by the Mosul Dam tourist by 5.00%, and shares of modern animal production by 3.12%
While three shares rose in trading today, provided by the shares of Al-Mansour Bank by 2.86%, and Ahli Bank by 2.70%
In terms of shares sold by non-Iraqi investors, it reached 23.5 million shares valued at 34.3 million dinars through the implementation of 12 transactions on the shares of three companies
The shares of the Bank of Asia Iraq, trading today volume and value, trading 150 million shares, worth 172.5 million dinars LINK
Samson: Iran’s trade balance hits $ 700 million surplus
3rd February, 2019
The country’s trade balance posted a surplus of 700 million dollars over 10 months, the head of Iranian customs, Mehdi Mir Ashrafi, said Sunday.
Ashrafi said in a statement that “with the help of the people, all the crossings were crossed, but the conditions of the country were not as sensitive as they are today.”
“The country’s exports during the last 10 months of the current Iranian year (March 21, 2018) amounted to 36.3 billion dollars, while imports reached 35.6 billion dollars, ie the trade balance surplus reached 700 million dollars,” he said.
“The export value of more than 36 billion dollars and the imports of basic commodities by more than 10 billion dollars is a source of hope,” Ashrafi said, noting that “our exports indicate a 2 percent increase compared to the same period last year. Perfect “. LINK
Samson: Economic expert Abdul Rahman Al Mashhadani to (Tigris): The trade agreement with Jordan will provide great employment opportunities for unemployed youth
2nd February, 2019
Economic expert Abdul Rahman al-Mashhadani said on Saturday that the trade agreement with Jordan will provide great employment opportunities for unemployed youth in both countries.
Al-Mashhadani said in a statement to (Tigris) that ‘Iraq is not in his interest to cancel any agreement with Jordan at the moment and calls for the claim that is not aware of the economic benefit that will come back through this agreement,’ noting that ‘the export of oil through the port of Aqaba will raise Of the volume of oil production ‘,
He added that ‘next month will see real agreements with Saudi Arabia,’ noting that ‘agreements with neighboring countries is of great benefit to the local economy’. LINK
Samson: Trump: We have an incredible and expensive military base in Iraq and we seek to control Iran
3rd February, 2019
US President Donald Trump revealed Sunday, the existence of an incredible and expensive in Iraq , a US military base, as pointed out that US forces will monitor Iran from this rule.
“We have an incredible and expensive military base built in Iraq and it is in a very ideal place to look all over the Middle East,”
“What many people do not understand is that we will continue to watch and we will continue to see, if there is a problem or if someone is looking to build nuclear weapons or other things, we will know that before they do it,” he said. LINK