DELTA: FRANKIE……..DROP THE MIC…I WAS WAITING FOR THIS ONE…GOOD JOB DON…
Don961: Accession of Iraq to the International Organization of Securities Commissions
Updated 27/01/2019 10:16 AM
BAGHDAD / JASIM KARIM AL-TAI / / The head of the Securities Commission, Alaa Abdul Hussein Al-Saadi, revealed that Iraq guarantees to the International Organization of Securities Commissions. Stressing that this step will contribute to attract investors to Iraq.
Al-Saadi said in a statement singled out by the Jordanian Securities Agency that the Securities Commission yesterday received a letter from the International Organization of Securities Commissions on the acceptance of the Council of the Organization of the accession of Iraq as a member of the participant starting from January 2019. The letter of acceptance included the invitation to Iraq to participate in the work The annual meeting of heads of securities bodies to be held next May in Australia.
He added that the process of joining the membership of this organization will allow Iraq to join the World Market and emerging markets.
“The process of joining the International Organization of Securities Commissions (IOSCO) requires many years, but our Commission has been able to complete the special requirements for a few months membership.
Saadi said that the accession process will contribute to the process of strengthening Iraq’s economic status, which helps to attract investors in securities, which will support the macroeconomic of Iraq. (End) 22 link
David12001: This article is huge and doesn’t need to be walked over, FREAKING AWESOME,
Sunkissed: That’s STOCK MARKET talk! — SECURITIES! How can one be a MEMBER of the IOSC without a convertible currency??? It would be like buying tires and you don’t own a car!! Why be invited to the annual meeting in May if you won’t have a convertible currency? Could THIS be what Iraq was waiting on????????????
Frank26: SO TELL ME IYO ……….. WHAT IS IT THAT HAPPENED ON DEC 30TH 2018? (smile)
Iobey777: They dropped the 3 zero’s electronically!!!!
MilitiaMan: Contracts were paid at 1:1 ratio with WS firms and others even in the USA (Smile Sunkissed). As was a MOU with Jordan for energy pipeline and electricity.. ~ Imo.. Just what ATMs need.. 24/7 power… imo ~ MM
Quote: Frank: (Friday CC notes) In his opinion……..
Verifies that we are beyond the reinstatement.
Beyond the RI as of December 30, 2018.
Their focus is on how to float the currency.
The only way to float it is to lift those three zeros.
And the only way to do it is to lift the 3 zeros.
Sunkissed: Frank: Quote: (Friday CC notes) In his opinion……..
We are beyond any testing or approval of calculations.
Beyond the RI as of December 30, 2018.
MilitiaMan: As Delta states this has been in the works for awhile. We have talked about this months ago in here.
This is a very big deal and it shows they completed special requirements over time to be accepted for accession. Opening the doors to World Markets and Emerging Markets.
So, a trader in the USA can tap into the Iraq Markets from the comfort of our own homes, imo.. For instance, say one wants to buy shares in a cement company in Iraq, as the re construction of a country is going to use a whole heck of alot of it..
The growth a company can attain in a re construction phase of a whole country maybe mind boggling.. So, by going international with their Stock Market is absolutely off the charts huge, imo..
Now don’t forget there is a conference now in Abu Dahbi through tomorrow. That is with some very major global and regional entities that are with the likes of the Arab Monetary Fund, World Bank, etc..
So the timing of this coming out today, is in no way a coincidence, to get this acceptance now!!!.. By the way, IOSCO is the International Standard for Regulatory Issues too. Investors know this.. ~HUGE~ imo ~ MM