unirod

Moussawi warned that "the dollar exchange rate will rise to 160 thousand dinars if the current price is fixed," considering that "the policies followed by the Central Bank are wrong and they are subject to the policies of the International Monetary Fund." The price is fixed because of policy! The policy has failed!

As long as I have been in this investment, Iraq has been fighting corruption. Involved in a crisis. Fighting over the budget. Fighting the Kurds over oil distribution. Civil wars and genocide within it's borders. Having debt problems (claimed). And the extended list can reach heaven! I do believe that if the GOI cannot improve the economic conditions very soon, they will loose it all! I honestly will be shocked if they succeed! Through the last 15 years following this investment, I had no idea that it was going to be such a long shot.

Why open a bank branch right at the border? both country's are using the USD. Unless there will be an exchange rate change and the IQD will be the primary currency?

I always remembered that Breitling said look for government officials denials of rate changes. This is usually when things unexpectedly happen!!

It's been over 2 years since I have visited this site for the latest Iraqi news. Nothing has changed a bit. These guys are still all talk! We need a little less talk and a lot more action!!

Sounds like an advanced civilization!

This is a good thing! The government is helping to establish private property rights! This must be established in a civilized modern society in order for the banking industry to distribute benefits to citizens! Home loans, business loans and the list goes on.

Clever smoke screen!

So I suppose that after hours is when the criminals can off the special permit holders! LOL!!

What I'm reading is that Iraq is turning up the VELOCITY in trading the IQD domestically. As I understand it, the traded Velocity of currency helps to increase and support its value. This is why the USD is so strong!

I just completed opening my account and my stocks have been transferred to Al-Karmal! They were great to correspond with and they answered all my questions. I had no contact with my stock account balances at Warka for 6 years. My balances a incredible! My % returns in the banking sector= 83% My % returns in the Industry Sector 192% I killed it with Gulf Commercial Bank! I killed it with Pepsi Iraq (IBSD)! I don't believe that I could ever get these kind of returns in the USA markets!

Exactly why Iraq will have a very limited "Market Economy" into the future. These ministry officials keep a tight grip without even reasonable delegation to others in their departments. IMO

I'm in the process of moving my stocks to Al-Karmal this week. I feel good that long ago I bought some BGUC stock. Been out of touch with my account so long (6 yrs) at Warka that I don't know what my combined stocks are worth! Thanks BROB for the referral!

I just watched a Breitling post of a recent You Tube ISX seminar. Interestingly the panel said nothing of supporting the IQD in investing into the ISX. But focused on the issue of custody trust regarding who is holding investors money. I would have to believe that trust would also be established by investors when the value of the IQD is not a controlled fake rate. Investors trust transparency and an IQD rate that the world markets will support.

I have read many articles that state Iraq has the lowest extraction rates for oil reserves in the world. Even as low as $2 per barrel. The Saudi's claimed oil reserves have not changed for 40 years. So it's no wonder that they are wanting to diversify their GDP. Maybe the Saudi's know something that they are not telling the world about their real reserves? Iraq has not even begun to fully map their reserves which are vast. I would recommend not buying into the green theory. Industry world wide needs fossil fuels! we will never be able in our life times to rid our addiction to fossil fuels. The price will go up per barrel and you can count on it! IMO!