unirod

Im not aware of any current index fund. It would be a nice addition to the ISX however.

I transferred my equities from Al-Warka Bank and Finance to Al Karmal back in 2016 as I was tired of the poor service a Warka. I'm happy that I did as Al Karmal has been of good service. Unfortunately when you tranfer funds into Karmal you have to use Swift to move $ into an account at Citi Bank under a gaurdian account. Then the funds get moved on to Bank of Baghdad and then into your Al Karmal ISX account. This is the most recent email 3/12/24 from Al Karmal on funding. Hope that this answers some of your questions. If you wish to fund your account with international money transfer to Karmal's account with Bank Of Baghdad please use the below info :- - Corresponding Bank : CITI BANK N.A - With address : NEW YORK_USA - SWIFT CODE : CITIUS33XXX - Credit to Beneficiary's Bank in iraq: BANK OF BAGHDAD / MAIN BRANCH . - SWIFT CODE: BABIIQBA - Beneficiary name : Karmal Stock exchange - Beneficiary Address : Iraq - Baghdad - Al Karada – 903 / 14 / 6 Near Badalat Al Alwieya . - Karmal account number in Bank of Baghdad : 00025160020042280 (USD) And provide us a copy swift paper of your wire transfer through email. Warm regards,

So when can you tell us the names of the private banks?

The head of the New Generation Parliamentary Bloc, Sarwa Abdel Wahed Looks like the younger generation is fed up with traditional tribal corruption at their expense in this tech modern world. The demographics have changed dramatically!

Why can't all nations be as progressive as the USA?......LOL

Exactly! 1.50 dinars in comparison to what currency?

Again we ask. If the reserves of 115 Bilion are the highest in Iraqi history. Then why continue with the program rate of 1300 IQD to 1 USD? The rate of exchange was higher under the Sadaam regime. It should be obvious to all that things just don't add up!

Gotta think bigger than just internal buddy! You gatta think International trade in IQD!

My thoughts exactly!

One has to ask, at what point does Iraq stop their addiction to the USD and reveal the real rate of exchange? the current rate is bleeding the reserves of Iraq isn't it?

Seems a good strategy to get citizens to sell their Dinar. The more Dinar out of circulation the better for us all. Besides we all know that it's a fake rate anyway!

So the Iraqi deposit insurance fund has a value of almost 70M USD. Pretty good after 25 years since the order to start the fund!

How credible is the IMF ?

is this an "insurrection?"

Maybe business was down because green zone accommodations offer ammenities like 1) happy hour cocktails 2) open bar (beverages) in your room 3) spa services (pools, facials, masssage, turkish baths, manicures, pedicures, colon cleanses) 4) adult movies 5) electric rental cars 6) hot and cold running water 7) ?

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!