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No CBI Daily Auction Again - Tuesday - 3/24/2019


ronscarpa
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Thank you Ronscarpa.. I personally think the Auctions will start again when the market begins to trade again. The RV/RI train will then roll on again to its next destination wherever and whenever that will be. 

Bless you all and stay safe and healthy in these trying times and let God (Psalm 91) be our protector. 

 

 

 

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6 minutes ago, Laid Back said:

Interesting 🤔 

No daily auctions at the CBI for 6 days in a row and now the ISX resumption of trading activity on March 29/2020.

 

Do you guys think, this is all related to the coronavirus pandemic?

 

In my opinion is not. 

 


I agree. Nothing will have changed regarding the virus by March 29. There is something else happening here. 

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18 minutes ago, Laid Back said:

Interesting 🤔 

No daily auctions at the CBI for 6 days in a row and now the ISX resumption of trading activity on March 29/2020.

 

Do you guys think, this is all related to the coronavirus pandemic?

 

In my opinion is not. 

 

That's the million dollar question brother. In my humble opinion, I think that Iraq is having a liquidity issue at present and the availability of USD is tougher to come by, due to the Corona Virus. Now, that doesn't mean that an RV is not possible right now, on the contrary, if they were looking to solve that liquidity issue, now would be the PERFECT time to change the value. The WMF has told Iraq, basically "no more loans" that they must look to other sources, other then oil to promote the economy. 

We are in very interesting times sir, and Im sure at some point this will all come to a head and we will know the TRUE identity of the value of the IQD, but with the global economy in a whirlwind of activity, its really hard to put a handle on anything right now. I trade the Futures markets, everything from Crude to Forex is just taking a pounding, and with billions and in some cases trillions of dollars being injected into the system to prop up economies, I'm just not that confident the a quick RV will be on the immediate horizon. I believe the world in in a "re calibrate" scenario, and until things settle down, we will have a more broader picture of global events. 

I could be way out there, but in the end, who REALLY knows? 

Edited by Wiljor
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1 hour ago, Laid Back said:

Interesting 🤔 

No daily auctions at the CBI for 6 days in a row and now the ISX resumption of trading activity on March 29/2020.

 

Do you guys think, this is all related to the coronavirus pandemic?

 

In my opinion is not. 

 

 

I think the ISX is related to the drop in oil prices and the Corona Virus.  It is also a perfect time to reset for a possible RV. 

 

1 hour ago, NoviceInvestor said:

I personally think it is Laid Back.

 

I think, respectfully,  you are half correct.    The auctions are not a result of the virus.  The ISX may be.  

 

1 hour ago, Half Crazy Runner said:


I agree. Nothing will have changed regarding the virus by March 29. There is something else happening here. 

 

I totally agree here with you.  Nothing will change virus wise by March 29.  

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3 hours ago, ronscarpa said:

It appears I was mistaken...as I watched the tickers it reflected activity for 3/24/2020,

but I didn't see this notice page.  :salute: RON


;) 

 


Resumption of trading activity in securities in the Iraqi market for securities as of Sunday, 29 March 2020

 

 

According to the decisions of the Health Crisis Cell in Iraq

http://www.isx-iq.net/isxporta.....038;type=2

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4 hours ago, ronscarpa said:

NO Daily Auction today. Tuesday - 3/24/2020

 

Fyi - From June Of Last Year ...

 

 

The central bank launches the electronic platform for financial
trading between banks operating in Iraq

 

Thursday 20 June 2019 - 13:53

 

2ee49f8981dee431abfdcb67f6909356.jpg

 

Baghdad - Awa

Today, Thursday, the Central Bank began procedures for launching the electronic
platform for financial trading between banks operating
in Iraq. 
Interbank Market (FX, Money Market 

A central bank statement received by the Iraqi News Agency (INA) said, "The
electronic platform aims to increase cooperation between banks and its ability
to diversify the financial services of its clients and attract commercial and
financial operations available in the market"

The statement added, "This platform establishes a structured electronic
financial market that opens and facilitates the path for foreign investment in
Iraq

He continued that "the procedures of the central bank under the auspices of
an technical workshop between one of the leading international companies in
the areas of financial solutions and a number of banks operating in Iraq with
the support of the Iraqi Private Banking Association"

LINK

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