TrinityeXchange

+1 this is great information. chapter 7 is appearing in the side view mirrors!

thats my opinion too. an opportunity to buy low!

good question and quite honestly i do not know hmmmmm....i wired over $1200 the other day and broker reported i had $1150. broker fees perhaps? intermediary wire fees? i will have to inquire to find out. stay tuned...

thanks. when i read translations like this "some companies registered Appropriation Financial less than the Iraqi dinar and delete the zeros will make her third dinar." i am left dazed.

you typically want to have banks in your portfolio. my choice banks are Bank of Baghdad (BBOB) and HSBC's bank (BDSI). but it seems you don't have the capital for those. perhaps you can go with pepsi (IBSD). those are my top three pics. the isx report will not include stock or broker picking advice. i own it. the isx report pretty much lists the same information you can find free on the net. the isx simply saves you the trouble of googling and surfing dinarvets site. also i have both a warka account and an isx account through an iraqi broker. my iraqi broker is wayyyyyyy faster responding to my emails than warka.

would someone PLEASE explain this article to me. it is so filled with mis-translations that i can't follow it. what is the gist of the message? and how is this a good thing? TIA.

linky By LAURENCE NORMAN , FRANCES ROBINSON and COSTAS PARIS BRUSSELS—A meeting of European Union finance ministers ahead of a gathering of European leaders was canceled on Tuesday, raising concerns that parts of the package to stem the region's debt crisis remain in doubt and that a final agreement won't be reached at Wednesday's summit. The finance ministers from all 27 EU countries had been scheduled to meet Wednesday in Brussels to settle on a package of measures ahead of an evening gathering of EU leaders and then a meeting of euro-zone heads of government. After pushing back the deadline for the debt-crisis rescue package once last week, European officials had repeatedly pledged in recent days that they would outline the key measures on Wednesday. But a statement Tuesday afternoon from Poland, which holds the rotating EU presidency, confirmed the finance ministers' gathering had been scrapped, signaled there was more work to be done before a deal is reached. "Further work at the level of ministers of finance will be conducted based on the outcome of the heads-of-state meeting," Poland said. "The aim is to adopt all necessary elements and details concerning the package, as promptly as possible." It didn't give further explanations. But it is clear that the 10 EU countries that don't use the euro, particularly the U.K, don't want to pre-approve any measures that will still be the subject of negotiation when the heads of government of the 17 euro-zone nations meet Wednesday evening. More importantly, key parts of the package remain in doubt and governments need more time to wrap up a deal. EU leaders likely won't quantify the increased firepower of the European Financial Stability Facility at their summit on Wednesday and may not announce the amount of recapitalization for European banks, a person involved in the talks said Tuesday. "There are constant discussions among top officials and we will have a better timeline on the announcements as the summit progresses tomorrow. Everybody knows that the markets expect solid results," this person said. Options include additional credit enhancements to sovereign bonds issued by member states and creating a special-purpose vehicle that would combine public and private capital to enlarge its resources. Over the weekend, European officials said there was a preliminary agreement among euro-zone governments for a recapitalization of just above €100 billion ($139 billion). At Sunday's summit, a quarrel broke out between the euro zone and several noneuro members of the EU over how to ensure that noneuro members get to sign off on the final package of measures. By bringing finance ministers back after Wednesday's summit, the U.K. and other countries not in the euro zone would get final sign-off on the deal. No date has been set yet for a new EU finance ministers' meeting. The European Commission, the EU's executive arm, said Tuesday that the EU was still on track to reach an agreement. "We are working on solid and convincing solutions to deliver tomorrow a comprehensive package for stability and growth. It is time to end the uncertainty," European Commission President José Manuel Barroso said at a news briefing. People familiar with the discussions said Tuesday that the differences between leading euro-zone governments and the Institute of International Finance, which is negotiating on behalf of the banks, remain substantial. Germany is thought to be pushing hard for banks to take a 60% write-down on their holdings of Greek government bonds, but France has been insisting the cut shouldn't be much higher than 40%, EU officials have said in recent days. The banks are signaling that a 60% cut wouldn't be deemed voluntary and could trigger a raft of claims for insurance contracts, known as credit-default swaps, to cover bond losses, according to euro-zone and International Monetary Fund officials. Late Monday, Charles Dallara, head of the IIF, warned of "severe contagion" if the euro zone imposes a nonvoluntary deal. He said there are "limits" to what can be called a voluntary deal. Failure to pin down specifics on the future of the EFSF at the EU summit could add to pressure on the fund's borrowing costs, which have climbed over the last few weeks amid the uncertainty. After Sunday's session, finance ministers had seemed close to agreement on bank recapitalization. Under the plan, about 90 significant lenders would be required to lift a key capital ratio to 9%. Those that couldn't raise the necessary funds on private markets would get government help. —Art Patnaude in London contributed to this article.

thatz nutz!

+1 friend. no clue why you got no adulation for this post. very good info!

it is getting pretty ridiculous how they WILL NOT mention iraq in any of this. the most they will say is emerging or fast moving economies. that is the new catch phrase. if you haven't take a look at the article i posted on Caterpiller. here is a direct quote "Construction activity is increasing in developing markets, while buyers in more mature markets -- such as the United States -- are buying new machinery in order to replace aging fleets rather than investing for growth. " we of course all know that caterpillar has landed major contracts in iraq and are experiencing "unexpected" profits. wow. why all of the mystery?! GO RV!!!

linky (Reuters) - The world's leading economies pressed Europe on Saturday to act decisively within eight days to resolve the euro zone's sovereign debt crisis which is endangering the world economy.

I have to agree with cooked on this one. It was the IMF demanding that Europe find a solution within an 8 day window. How then can they turn around and provide the solution? Seems a little counter intuitive to me. This mountainous amount of money came from somewhere and it wasn't there a month ago. WHERE?! GO RV!!

here it is folks....wonder where the funds came from?! --GO RV!!! ========================== Euro bounces back on news of bigger bailout fund By Daniel Wagner AP Business Writer / October 24, 2011 WASHINGTON—The dollar fell against the euro Monday on news that Europe's financial rescue fund will be expanded to $1.39 trillion. The expansion is the latest attempt by European leaders to head off a messy default by Greece, prop up struggling European banks and prevent the region's debt crisis from spreading to larger nations like Italy and Spain. The changes to the bailout fund and other measures are expected to be finalized at a summit meeting Wednesday. The euro rose to $1.3951 at 3:10 p.m. Eastern time from $1.3864 late Friday. The euro also rose against the Japanese yen and British pound. The euro has risen steadily against the dollar this month as debt talks among European leaders appeared to move more quickly. The currency was recovering from a slide that pushed it down 9.4 percent between Aug. 29 and Oct. 4, when it hit a recent low of $1.3172. That was the day after U.S. stocks closed at the lowest level of the year. The slide in stocks encouraged traders to pile into dollars and other assets seen as being relatively safe. Progress toward solving Europe's debt crisis could avert or blunt a recession there. Traders would need euros to invest in rising European markets. In other trading, the pound rose to $1.6002 from $1.5939 late Friday. The dollar fell to 0.8799 Swiss franc from 0.8846. It fell to 1.0043 Canadian dollar from 1.0093. It fell to 76.05 yen from 76.12. The dollar fell late Friday to a post-World War II low against the yen, according to a note from UBS Investment Research. It remains near that level.

Iraq investors be encouraged because you are next in line. We all know where Caterpillar found these UNEXPECTED 3rd quarter results and why they expect 10-20% profit margin gains in 2012....IRAQ!! Hold on to your dinar folk. The writing is on the wall. And if you haven't already, GET IN THE ISX!! ============================= Caterpillar sees record results amid slower economyCaterpillar Inc far exceeded analyst expectations on Monday, reporting a 44 percent quarterly earnings increase due to record revenue, and the company signaled optimism in its 2012 outlook. The Peoria, Illinois, company said it expects full-year 2011 profit and revenue to be at the top end of its previous outlook range due to strong demand. In 2012, the company sees revenue increasing 10 percent to 20 percent above the $58 billion in sales it expects this year, although it continues to make contingency plans for a potential downturn. Caterpillar said it ended the third quarter in one of the healthiest positions in its recent history. Backlog orders standing at record levels and higher commodity prices leading to a favorable environment for its growing mining business. The company expects to post record results in 2011 and improve on those results next year. Construction activity is increasing in developing markets, while buyers in more mature markets -- such as the United States -- are buying new machinery in order to replace aging fleets rather than investing for growth. Equipment-rental operators are also purchasing new equipment in order to freshen their fleets, the company said. Caterpillar's shares traded significantly higher in Monday's session, leading an overall rally in the market. The stock gained about 6.3 percent, or $5.45, to $92.84 on the New York Stock Exchange. The world's largest heavy machinery manufacturer is one of a slate of industrial companies outpacing analyst expectations during the current earnings reporting season. Like some of its peers, the company is encouraged by the strong results even as it remains cautious about the wider economy due to mixed economic data and tightening in key growth markets, such as China. "Although there is a good deal of economic and political uncertainty in the world, we are not seeing it much in our business at this point," Caterpillar Chief Executive Doug Oberhelman said in a press release. "We believe continued economic recovery, albeit a slow recovery, is the most likely scenario as we move forward." Caterpillar's outlook indicates the company is successfully "coming to grips with a slower global economy," Longbow Research equity analyst Eli Lustgarten said. Caterpillar is able to succeed in the cloudy environment due to "very big growth outside of the United States and what's been a very strong (machinery) replenishment rate in the U.S.," he said. The company was able to outpace analyst expectations during the third quarter due to considerably higher revenue, much of which came from the rebuilding of inventory as dealers looked to build stock. Analysts continue to express concern over the health of the so-called end users of Caterpillar products. Caterpillar said heavy machinery supplies would likely remain "tight" in 2012, and the company plans to continue increasing production levels for many of its products. "We are making strategic investments in our business to position Caterpillar for continued success well beyond 2012," Oberhelman said. In 2012, Caterpillar expects to achieve sales increases in mature markets, up from what it currently views as "low levels" of sales activity. Growth in emerging markets next year is expected to keep pace with the rate seen in 2011. The company did caution that it is seeing a bit of a slowdown in China's demand levels due to measures the government is taking to tighten the economy. Caterpillar executives, speaking on a conference call, said the slowdown is needed and indicated the company continues to build market share in that market. Caterpillar reported third-quarter net income attributable to common shareholders of $1.14 billion, or $1.71 per share, compared with $792 million, or $1.22 per share, a year ago. Analysts on average had expected Caterpillar to earn $1.54 per share in the third quarter. Sales rose 41 percent to $15.7 billion, which is a record, according to the company. The company noted that operating cash flow in its Machinery and Power Systems business nearly doubled over the first three quarters compared with the same period in 2010. Caterpillar said full-year 2011 results would come in at the highest end of its previous outlook. It now expects annual revenue of $58 billion, including its acquisition of the Bucyrus mining business this year. Its previous forecast had been a range of $56 billion to $58 billion. Profit is now expected to be $6.75 per share for the year, compared with a prior forecast of $6.25 to $6.75. Including the impact of Bucyrus, Caterpillar expects 2011 profit to reach $7.25 per share. The company said 2011 will be a record year if it hits its earnings and revenue expectations. Caterpillar said it added 4,800 jobs during the quarter, including 2,000 in the United States. (Reporting by John D. Stoll in Detroit; Editing by Lisa Von Ahn, Maureen Bavdek and Gunna Dickson)

I think I found parliament's mascot. Most of us feel like Peregrin Took in this Iraqi politics patience game.

Telco IPOs a Bullish SignPosted on 05 October 2011. Tags: Asiacell, ISX, Korek, Zain The mobile phone operators are finally getting their IPOs [initial public offerings - A company's first offering of common stock to the public] organized. Recently Asiacell and Zain began conversions to joint stock ownership. Zain is also reported to have engaged Citibank and BNP Paribas to work on valuation. So far as I know, Korek has not been in the news but it is presumably on a similar track.These will be enormous offerings for a market as small as the ISX. Each company is required by the conditions of its license to list 25% of its shares. Asiacell alone will have to list 67.5 bn shares. (See this post.) At par (IQD 1), that would be about US$ 58 mn and they will certainly be looking for a higher price than that. With ISX daily volume now averaging only around US$ 2 mn, the total for the three IPOs could easily be the equivalent of a year’s worth of trading. You might think the ISX would be overwhelmed. In fact, shouldn’t the market be falling already, as people raise cash for the new issues? Actually there’s no cause for alarm. The companies clearly will not be trying to raise hundreds of millions of US dollars from local investors. The involvement of Citi and BNP makes it obvious that the main focus will be on foreign institutions, most of which are not yet in Iraq at all. For these investors, the key obstacle to investing in Iraqi shares is the lack of a custodian bank. (See this post for more on the custody problem.) But this will be easy to fix. According to the Word Bank’s Republic of Iraq Financial Sector Review (p. 54), “a major international bank” [i.e. HSBC] has already made the necessary preparations to provide custody services and is just “waiting for the necessary licenses to be granted.” (There’s a link to the World Bank report here.) The real significance of the IPOs is that they can provide the stimulus necessary to get those licenses issued. That, in turn, will allow a host of new foreign investors, potentially commanding far greater amounts of capital than the telcos will be raising, to get into the market. This portends not so much a flood of new shares as a deluge of new money. Image by Angela See. Used by permission.

i agree here that the small business loan offered by banks is what sustains a communities economy. once the private sector blooms in iraq, the business loan will be its staple. banks will become very profitable. dinarbot - what is your take on Bank of Baghdad? they have a great relationship with citigroup. seem like a winner to me along with hsbc.

i concur. i have recently opened an account with warka and they accepted my scanned embassy documents. no mailing required.

Hello my friend. I am a new investor on the ISX and will offer my advice for consideration: at this point all three telecoms have not made their initial public offering. the speculation is that they will not appear on the isx until mid-2012. this is a very good read on the state of the telecoms. enjoy. when they do make their ipo, we really will not know which one of the three will be imminent. so the best bet is to set up you own strategy. IBSD is certainly seeing a lot of action lately. i think it had one of the highest numbers of trades last week on the isx. one of the best considerations when investing in the isx (since it is currently in its infancy) is long term and short term strategy. the isx does not see a large number of trades per day because it is a budding exchange and foreign investors have not flooded it yet. what that means is this....when you buy a stock, you might certainly get stuck holding that stock. this is one of the phenomenon i experienced when i practiced penny stock trading. there might not be a market for your stock. in other words, say you thought a company was really cool and you bought 200k shares of its stock. then you decided to sell it because you thought your money would probably do better in another stock. well, how would you be able to sell it if no one was looking to buy it. there are stocks on the isx that might see less than 5 trades on a given day. selling off all of your stock at that rate might take a few good months so back to long term and short term strategy. if you don't mind being stuck with a stock that is not seeing a lot of action, be in it for the long haul. if you want to move your money around a bit more then you want to consider investing in the higher volume movers. IBSD might be one of those movers seeing the number of trades taking place with it. definitely something to keep an eye on. i think its a great idea to diversify as much as possible as an iraq investor. you want to cover yourself from different angles. here are avenues to consider: hold hard currency iqd through an international business company (ibc) have a warka savings account help personally (not an entity) invest in the isx through non-warka brokerage firm through a nevada llc (or an llc that is not subject to state tax) hold hard currency iqd through a directed roth ira (tax free retirement money) i am sure there are other avenues of diversification that i have not considered but that should help get the brain juices flowing yes, it is 200,000 shares minimum per company i have warka for my personal savings and investment but use a separate brokerage firm for my llc's investments anytime! i hope that was helpful. should you have any further questions, fire away or pm me. sad thing is that not many people are investment minded...many of us were just not brought up to think this way. so your responses may be few and far between. i think you are on the right track though. something else to consider. just get your money in the isx even if you don't want to pick particular stocks. consider investing in the INDEX. you can invest in the index on a whole or different sectors (i believe). one thing we do know is that investors will be coming to the isx. if you are invested in the isx index, your money will increase as new investors enter the market. their added money will push the index higher which will push your money higher. if you don't understand the index, in a nutshell it goes like this. if you were to take all of the companies listed in an exchange, add their price together and divide by the number of companies, you would get the AVERAGE stock price for that membership list (index). some people say that you can't beat the average....some say that you can. and this is where investing become a gamble. some investors play it safe and just ride the index. some investors believe that they are more perceptive on what companies will do better than the average and they place their money on those horses. they take a bigger risk doing this because if their horse sputters, they lose a lot but if their horse is a champion, they gain big. whereas an index investor will not be subject to the abrupt rises and falls of any particular company. so if you know that banking in general have to increase as the economy booms in iraq but you do not know anything intrinsically about particular banks, you might feel safer investing in the banking sector index. see what i mean? hope that helps.

Foreign investors to accept the Iraqi Stock Exchange and expect prosperity after the inclusion of mobile phone companies<span id="result_box" class="" lang="en"> Editor: OT Thursday 20 v 1 2011 20:13 GMT Alsumaria News / Baghdad Iraqi stock market began to attract a growing source of foreign investors who see it as an attractive investment with the expectation of growing demand which is expected after insertion of the shares of three companies the main operator of mobile phone services in the country and improve regulation. Chief Executive of the Iraqi Stock Exchange, Taha Abdul-Salam said in a statement to the media, said that "the values ​​of shares traded in the year to September 30 rose to $ 495 million compared with $ 337 million in 2010 as a whole." The Iraqi Stock Exchange, which began its work in 2004 and now has 86 listed companies a target for private investment outside the oil industry in a country still dominated by state companies. He said Abdul-Salam said that "foreign investors bought shares worth 66 billion $ 110 million since the beginning of the year until the end of September and they have sold just seven billion shares worth $ 18 million in 2010." It was almost non-existent foreign trading a few years ago. The company (55 North), based in Russia, a clear example of foreign demand on the Iraqi Stock Exchange. The company's managing director, Paul Collison, it "plans to create an investment fund worth $ 25 million, where This is the maximum you can invest now given the level of liquidity, low in the Iraqi Stock Exchange," adding that "it is important to start early, it is a wonderful opportunity to create a small box" . Pannu said Sokonan partner in the "Finish Levi Virtus Capital", which began investing in the Iraqi Stock Exchange three years ago in a press statement, said that "Iraq is a great opportunity to invest where there is no strong competition remains low prices in the market." It is said that operators mobile services three Asiacell of the Qatar Telecom (Qtel), Cork Telecom, partly owned by France Telecom and Kuwait's Agility Logistics, Zain Iraq of Kuwait's Zain, is bound to include shares in the Iraqi Stock Exchange under the operating licenses, which cost $ 1.25 billion. Abdel-Salam said last week that the capital value of the market, which currently amounts to four billion dollars could rise to double once the shares of mobile operators.

i have not made any buys yet. i expect them to receive my wired funds sometime next week. i will update you on fees then. feel free to pm me any time.

friend please define "power"

Its pretty funny how I found a broker....rudimentary actually. After I tried contacting Warka and 1-2 other brokers, I became very frustrated after non-response. So I went through the entire list of brokers copying and pasting their email addresses into an email message and sent a blanket email out to every last one of them. My intent was firstly to see which addresses bounced back and excluded them from doing business, and secondly to see who would respond swiftly. I received a response pretty swiftly from rabee security but they shot me down because I don't have $100K usd to invest initially. Next I received a response from Al-Hadhar and thought this was my horse. We got all the way to receiving an ISX number but the broker quit responding when we asked for the bank routing information. Eventually a new broker replied to my email and I reached out to the manager; Al-Jazera. This guy's response time was phenomenal even responding on Saturdays. I had not found any other broker to provide such swift response times. I never went past two days without a response from him after sending an email. Its amazing that something so simple as customer response time meant so much to me but it does. Since that time I now have a Warka account as well, but I will continue to do ISX business with Al-Jazera.

Does anyone here know who the IQD Team is talking about in their 10/20/2011 chat concerning emails they have received from people who have sent their dinars offshore to companies promising safe keeping. I am concerned and would like to know what the heck is going on. I know the IQD Team could not name names but we certainly can. If you can't post it please PM me. Thank you. Here is the chat session and go to approx 65min mark. ========================== This is an excerpt from dinar recaps blog: The IQD Team shares with their listeners their concern for the emails being received from our listeners about certain Trust Companies offering services where you have to send your dinars for safekeeping Off Shore and not being able to reach that company.....fearing they have lost their dinars....Discussion also about emails being received about Certified Financial Planners and how to check ANY of these companies or individuals out you choose to work with.. Ways to check out whomever you deal with is discussed. Listen to this and be prepared for those companies that are coming into our dinar community..........The IQD team shares links you can use to help you with your investments and your life Safeguard your Investment!!!

+1 dinarbot notice how your article and especially this portion "Yet the embassy is turning out to be too small for the swelling retinue of gunmen, gardeners and other workers the State Department considers necessary to provide security and "life support" for the sizable group of diplomats, military advisers and other executive branch officials who will be taking shelter there once the troops withdraw from the country." coincides with the one i just posted(most likely a repost) and especially this portion The source believes that “is a compromise between Baghdad and Washington, particularly the strategic framework agreement, which expires in 2020 gives the U.S. the right to enter Almadrbeyen thousands of diplomats and civilians and the military.” apparently there is an agreement in place for diplomacy that reaches out to 2020.