News With Links & Discussion
TheCatInTheHat: Hey guys, anything new. Heard the CBI site has changes to it. But I don’t see anything new
TheCatInTheHat: Oh and can we open a Swiss acct?
*SCZIN11: ‹@TheCatInTheHat› there is a direct link on CBI home page that takes you to a new CBI website that has extensive historical bank data and links to ISX and more-cbi homepage look on right side at orange box and click on it
Butifldrm: I guess I need to take a looksy
*SCZIN11: ‹@Butifldrm› and read your email
*SCZIN11: ‹@Butifldrm› CONGRATS to you
Butifldrm: yes, just got home and was looking at other sites to see if they matched
Butifldrm: I’m hoping that this is just a Typo
Butifldrm: cause when u look down it’s on the page
SCZIN11: wat is a typo-wat I sent you yesterday
Butifldrm: I believe so cause the inverse rate is 0.0009 and that is correct
Butifldrm: they would have added another zero if that were the case
Butifldrm: Oh well Hey I’d like to talk about the CBI bond auctions if u have a minute
Butifldrm: I know the article came out yesterday about the interest on deposits at 18%, but I doubt that is going to happen
*SCZIN11: and the cbi will sell more dollars the imports require
Butifldrm: I do believe they will try to sell bonds for a reasonable interest to the public which if successful will sterilize the Dinar from the economy
*SCZIN11: ok I am ready to b serious-wat would u like to ask discuss
Butifldrm: So I believe the citizens will have to repatriate their currency to the banks thru depisits
Butifldrm: I’m not sure without deposit insurance that is going to happen
*SCZIN11: ‹@Butifldrm› IF SOME OF THE RELEASES TODAY HOLD WATER, THEY WONT HAVE A CHOICE..DIRECT DEPOSITS OF PAY FR EXAMPLE
Butifldrm: Ok tell me
*SCZIN11: THEY HAVENT BEEN ABLE TO SELL THEM IN SEVERAL PRIOR ATTEMPTS SINCE LAST OCTOBER…WAT IS DIFFERENT NOW
Butifldrm: These bonds are different They are internal‹@*SCZIN11›
*SCZIN11: WOODS POSTED ALOT OF RELEASES TODAY…PAY BY E-DEPOSIT, WAS MAJOR NEWS
*SCZIN11: ‹@Butifldrm› INTERNAL MEANING COATED WITH LOVE FROM THE HEART?
*SCZIN11: INTERNAL= IN COUNTRY, DOMESTIC…NO.???
Butifldrm: These sound in country
*SCZIN11: THEY HAVE TRIED IN COUNTRY SEVERAL TIMES..THEY WERE LOOKING TO SELL 2 BILLION
Butifldrm: No these are different
Butifldrm: These are meant to bring in Mattress money
Butifldrm: Ok maybe I missed that
Donnie: regarding the added link to the CBI website – if you took time to look at the data you’ll see it 6 months – 12 months old. No current data that I can see. I did not check every link though but the 8 I checked were not current.
*SCZIN11: I STILL SAY, THEY HAVE TRIED TO SELL IN COUNTRY BEFORE, AND THE MATTRESS MONEY IS IN THE HANDS OF THE CORRUPT…THE AVG CITIZEN HAS NO MATTRESS MONEY IMHO, I DONT CARE WAT ANYONE ELSE SAYS
*SCZIN11: ‹@Donnie› DATA IS THRU 2014 THAT I SAW
*SCZIN11: ‹@Donnie› IT IS STILL NEW INFO THAT WAS NOT ON THE OLD SITE, AND THEN YOU HAVE NEW LINKS LIKE TO THE ISX
Donnie: definitely an improvement!!
Butifldrm: The most important data from that site is that the majority of the currency in Iraq is not in the banks and thus this reason to sell bonds internally‹@Donnie›
*SCZIN11: ‹@Donnie› AGREE
Butifldrm: Brb Ph
*SCZIN11: ‹@Butifldrm› IF THEY USED SCOTCH TAPE THERE WOULD BE TRANSPARENCY
*SCZIN11: ARE THEY TRYNG TO WEED OUT THE MONEY FROM THE CORRUPT?
Donnie: in Iraq a Dinar is a Dinar before RV and after. No change until iraqis exchange it for USD and why would they exchange the Dinar when everything in Iraq has to be bought using Dinar? The best they can hope for is lower prices on the goods they buy in country
Butifldrm: I’m talking about that new link at the CBI ‹@*SCZIN11›
*SCZIN11: Ooooooo THE NEW LINK TO THE DATA..THE DATA IS ABOUT TRANSPARENCY.. .? THATS WHAT YOU ARE SAYING?? LOL
Butifldrm: Yes of course
*SCZIN11: COULD BE, BUT WHY THE LINK TO THE ISX?
*SCZIN11: AND WHY THE NEW SITE? WHY NOT JUST ADD THE SCOTCH TAPE TO THE CURRENT SITE
*SCZIN11: I MEAN THE DATA TRANSPARENCY, LOL
Butifldrm: It’s all about keeping up appearances since they need to borrow MONEY
Butifldrm: Sad it’s over a year old data. Lol
WHY THE HUGE VOLUME INCREASE YESTERDAY WITH NO INTERNATIONAL CROSS TRADES OR OTHER BLOCK TRADES
Butifldrm: And guess what the trades went up Sunday about Three times
Butifldrm: Record day for the ISX
Butifldrm: Articles are in the forum
*SCZIN11: ‹@Butifldrm› THAT IS WAT I AM REFERRING TO ABOVE
*SCZIN11: ‹@Butifldrm› WATS FOR DINNER
Butifldrm: Chili stuffed baked potatoes. Lol
Butifldrm: I’m crying right now. Cutting onions. :whistling:
*SCZIN11: ‹@Butifldrm› I AM CRYING NOW TOO….CANT PAY MY BILLS…LOL
Butifldrm: For us it’s a good move
*SCZIN11: ‹@Butifldrm› JUST SAYIN…. MOST GOVT EMPLOYEES, NON CORRUPT, LIVE HAND TO MOUTH OR LOWER….
Butifldrm: Well dang don’t worry Bernie Sanders is going to send us all a check. Lmao
Butifldrm: If ALL government employees are going to be paid electronically it going to make them open accounts
Butifldrm: I still think the key is deposit indurance
*SCZIN11: THE AUCTIONS CONTINUE TO PROVE CORRUPT…THE SPREADS ARE MAKING HUGE PROFITS FOR THE CBI AND MONEY EXCHANGERS,
THE FAKE INVOICES WITH TRANSPARENCY PROVING TO BE LARGER AND MORE VALUABLE THEN THE PER CENT OF IMPORTS TO OIL REVENUE DEMANDS,
THUS MORE CONTINUED CORRUPTION…NOW LETS OFFER 18% TO THE CORRUPT AND A COMPETITIVE BOND RATE TO THE POOR…
AND ALL THIS WHILE THE IMF IS WACHING OVER AND THE WORLD BANK IS SITTING IN THEIR PLANNING MEETINGS…WHAT A GREAT WORLD WE LIVE IN
Butifldrm: If 18% happens I’ll put my money in an Iraqi bank. I doubt that’s going to happen.
*SCZIN11: WHAT HAPPENED TO THE FALL OF MOSUL REPORT? DOES ANYONE KNOW WHAT BUS THAT WAS THROWN UNDER?
Butifldrm: When money goes electronic it’s easier to follow
Butifldrm: Yes that brings me to another discussion. ISIS is in control of State owned Banks in Mosul
*SCZIN11: ‹@Butifldrm› AND HOW ABOUT SYRIAN BORDER?
Butifldrm: Electronic money would make it harder to confiscate
Butifldrm: How about that Dam
Butifldrm: Yea of course. Best Soap Opera in town
Butifldrm: Oh hi woods
*SCZIN11: GOTTA GO… CYA LATER
Butifldrm: Ah bye honey
OOTW: Iraq’s new index will begin the week in green Iraq’s new index will begin the week in green Iraq Stock Exchange – archival January 31, 2016 16:33 Direct: enable the general index of the Iraqi market for securities ISX 60 to rise by the end of the trading session on Sunday, the winner by 1.41% 8.88 points to reach the level of 638.54 points.
The total value of trading today to 1.83 billion dinars, compared to the value of Thursday’s session trading amounting to 635.73 million dinars, the size of 2.2 billion shares traded through 638 transactions.
The index support today’s high stock prices of 22 companies out of 39 companies were traded on the stock, while stock prices fell 6 companies.
While the carpets and upholstery losers shares issued 7.25% for the price of 3.71 dinars, fell desert of public transport 3.75% at a price of 0.77 dinars.
The general index of the Iraqi market may decline by the end of Thursday’s trading session , up 0.04%, or 0.27 points, reached out to the level of 629.66 points.
OOTW: THERE YA GO BUTI
*SCZIN11: ‹@Butifldrm› ‹@OOTW› ACHA AGAIN…. IRAQS N E W INDEX.
Butifldrm: We just need to keep our eyes on this. I did not look today
Butifldrm: Guys have to run son to tutor bbl
OOTW: I FOUND THIS – SO THIS IS THE FIRST TIME SINCE 2003 THEY’RE SELLING INTERNAL BONDS SINCE 2003 Markets | Thu Jan 21, 2016 10:12am EST Related: FINANCIALS Iraq to sell local bonds to public for first time since 2003 – finance minister BAGHDAD Jan 21 Iraq plans to sell local bonds to the public for the first time since 2003, with a 5 trillion dinar ($4.24 billion) issue expected this year, the finance minister said on Thursday, as the country seeks to cover a widening budget deficit.
OOTW: THAT’S WHAT I POINTED OUT THIS MORNING, BUT I THINK Y’ALL MISSED IT
OOTW: [02/01/2016 11:01:18 AM] OOTW: ” in the interest of the citizen through internal bonds instead of resorting to asking foreign bonds”
OOTW: I DON’T KNOW IF ANY OF YOU REMEMBER SCOOTER, BUT THIS WAS ONE OF THE STATES HE TOLD US TO WATCH FOR PRIOR TO A POTENTIAL CHANGE IN VALUE
OOTW: HE’S A VERY SMART MAN
Dianne777: i remember that
Dianne777: its been along ago though
Donnie: ‹@OOTW› “THIS WAS ONE OF THE STATES HE TOLD US TO WATCH FOR” what state are you referring to?
OOTW: the state of sterilizing the market by pulling in dinar
OOTW: via bond sales OOTW: in “local” currency
OOTW: bonds for sale in iqd OOTW: not in usd
Butifldrm: Hi guys this bond sale is very important
OOTW: how so?
OOTW: buti do you want to elaborate on the isx article?
BOBBY: OOTW….evening…. the bond sales are in IQD??
BOBBY: Is this being used to draw in the dinar?
OOTW: SO IT SEEMS, THIS IS AN EVENT THAT SCOOTER TALKED ABOUT..HE’S A RESPECTED RESEARCHER WHO DECIDED TO LAY LOW IN THE DINAR COMMUNITY
OOTW: HE SAID THAT WE WOULD SEE SOMETHING LIKE THIS AS THE CBI MOVED TO DRAW IN LIQUIDITY
OOTW: CERTAINLY BUTI DOES
OOTW: SHE SAID SHE HAD A COMMENT TO MAKE ON THE ISX ARTICLE, BUT I THINK SHE GOT BUSY TONIGHT
BOBBY: interesting article
BOBBY: just odd to think of the typical Iraq citizen hoarding money
OOTW: I DON’T THINK THE POOR CAN AFFORD TO
BOBBY: Would this be tied in with there banking system at all?
Donnie: i looked in the forums and I can’t find a recent ISX article
Donnie: which one are you referring to?
Donnie: TY ma’am
OOTW: BTW SCZIN11 FOUND THE ARTICLE YESTERDAY OR THE DAY BEFORE
Donnie: I saw that earlier today. one day doesn’t make a market direction. time will tell
Donnie: today was down a little
Donnie: from the close on Thursday (market closed Fri 7 Sat) to the close on Sunday was a nice jump up.
OOTW: YES AGREED
Donnie: see chart of past 12 mos of ISX action
Donnie: interesting news post on ISX website
OOTW: YES ITS ON THE RISE
Donnie: decline of 26% in 2015
Donnie: “7. The price index ISX60 closed at (995.944) points on the first trading session 2015, and closed at (730.560) points in 2015 last session. Achieving a decline of (26%).”
Donnie: “8. The non-Iraqis bought (72) billion shares worth IQ (73) billion in (60) companies. The non-Iraqis sold (182) billion shares worth IQ (114) billion in (57) companies, including the sale of HSBC contribution in Dar-Alsalam Investment Bank.
Donnie: bought only 72 billion shares and sold 182 billion shares