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Implementing international trade exchange for the Middle East turns Iraq into an "electronic financial exchange center"


6ly410
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6 hours ago, Rochester said:

They still can't. More likely, it will have a momentum of it's own. Money usually does. Money is like a horse. If you lock it up in a barn, you have a chance of containing it's energy. But once the horse leaves the barn, that's another story.

100% its a term called "money velocity" this will make them billions in annual taxes...

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so the question is will people in the US be able to buy Iraqi Stocks??? because if they can then rate will have to change otherwise companies will be bought up for pennies. I expect the ISX to explode once they change their rate!! stock markets have rebounded by as much as 5000-13000% immediately following long protracted drawn out civil wars! 

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On 12/18/2022 at 11:03 PM, screwball said:

this is the company behind ishtar and blue pay....http://www.messciraq.com/products

Unless the Iraqi dinar they have is worth more , the site states they have a working capital of 100 million iqd which shakes out to 68,782.61 (USD) peanuts in the financial world .... who knows whats up but if its forward progress to the end or beginning for iqd holders letsroll .. from their website ..

 

The Middle East Systems and Software Services Company is an Iraqi company with a working capital of 100 Million Iraqi Dinars.

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On 12/18/2022 at 8:57 PM, screwball said:

so the question is will people in the US be able to buy Iraqi Stocks??? because if they can then rate will have to change otherwise companies will be bought up for pennies. I expect the ISX to explode once they change their rate!! stock markets have rebounded by as much as 5000-13000% immediately following long protracted drawn out civil wars! 

 

US residents can buy stock on the ISE now. Very similar procedure to opening a Warka account.

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2 hours ago, Carrello said:

 

US residents can buy stock on the ISE now. Very similar procedure to opening a Warka account.

You can buy Iraqi stocks from the US without using an Iraqi comoany like Al Karmal? Ther reality is there is no app that allows you to buy and sell Iraqi stocks! And none that allow Iraqi citizens to buy US stocks using Iraqi app! 

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Launching the first online financial trading system in Iraq

12/19/2022

The Iraqi Stock Exchange announced, today, Monday, the launch of the trading system for the shares of Iraqi joint-stock companies via the Internet - for investors.

And the market stated in a statement that Mawazine News received a copy of it, that "based on the regulatory regulation" trading in securities via the Internet - for investors "and based on the approvals issued by the Securities Commission and the Board of Governors in the Iraqi Stock Exchange and on the occasion of the completion of the implementation plan of the trading system project With the shares of Iraqi joint-stock companies listed on the Internet - for investors by the Carmel Brokerage Company with the Iraqi Stock Exchange and the success of the testing plan that the company carried out on electronic systems and cyber examination by an entity independent of the market and the company.

He added, "The online trading system for the shares of Iraqi joint-stock companies will be launched - for Go Life investors, starting from the session on Sunday 1/29/2023," stressing that "this step is one of the required development requirements in enabling shareholders and investors to buy and sell themselves using their stations." Or their smartphones through
a trading application that meets the instructions and rules of electronic trading and central depository

https://www.mawazin.net/Details.aspx?jimare=214572

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12 minutes ago, screwball said:

You can buy Iraqi stocks from the US without using an Iraqi comoany like Al Karmal? Ther reality is there is no app that allows you to buy and sell Iraqi stocks! And none that allow Iraqi citizens to buy US stocks using Iraqi app! 

 

 

That was not your question I addressed. This was the question: so the question is will people in the US be able to buy Iraqi Stocks???

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1 hour ago, screwball said:

Yes usin relation to there app and new software? 

 

Screwball, are you asking if this new program is opening the ISE to international investors for the first time due to the new program?  The ISE has been open to international investors for quite some time. I'm sure you could use Google to ask your questions and get accurate answers.

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  • 4 weeks later...
On 12/13/2022 at 5:09 AM, 6ly410 said:

regional banks and banks, especially in Saudi Arabia and the UAE, will start next year 2023 to rely on the Iraqi market for electronic financial transfer, as it is the only "leading" market currently in the field, which provides unprecedented financial services in the Middle East."

Boom! Sorry cut last part off!

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  • 10 months later...
On 12/13/2022 at 5:09 AM, 6ly410 said:

Center.

 

 

On 12/13/2022 at 5:09 AM, 6ly410 said:

The leading services will provide new horizons for the Iraqi market in ten foreign currencies, including the US dollar and the Iraqi dinar," she said.

The company indicated that it will open the door to foreign investment at the individual level as well, while also explaining that cooperation with the Chinese company (UnionPay) will also provide the possibility of financial transfer in local currencies and easily between the Iraqi and Chinese markets and fully electronically.

She added that "regional banks and banks, especially in Saudi Arabia and the UAE, will start next year 2023 to rely on the Iraqi market for electronic financial transfer, as it is the only "leading" market currently in the field, which provides unprecedented financial services in the Middle East."

Let’s BUMP this sucker and put this into perspective with correspondent banks connected and Jan 1 2024 for no more USD…these articles and more and more sweeter! 😂😂😂😂😂

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On 12/13/2022 at 5:09 AM, 6ly410 said:

Implementing international trade exchange for the Middle East turns Iraq into an "electronic financial exchange center"

1626346306781.jpg
 

 

Baghdad Today - Translation

The Korean company (Fintech) announced on Monday the launch of the first service provided to the Middle East for international multiple currency transfers and cross-border trade conflicts through Iraq.

It confirmed that it has obtained the approval of the Central Bank of Iraq to be the first entity authorized to deal with international digital trade in the Middle East.

The company said through statements reported by the economic network (Newsfile) and translated by (Baghdad Today), that "the company, in cooperation with Ishtar Gate, launched the international financial cards service, which will enable Iraqi citizens to use the cards for international commercial trading of all kinds, in addition to transferring foreign currencies in real time through direct electronic dealing within the card services."

The company said that the service is "unprecedented in the Middle East," announcing that Iraq is the leading country in the region in the application of electronic exchange and financial transfer technology through cards and for citizens in general, explaining that it plans to launch the project at a later time in both Saudi Arabia and the UAE based on the Iraqi Center.

"The leading services will provide new horizons for the Iraqi market in ten foreign currencies, including the US dollar and the Iraqi dinar," she said.

The company indicated that it will open the door to foreign investment at the individual level as well, while also explaining that cooperation with the Chinese company (UnionPay) will also provide the possibility of financial transfer in local currencies and easily between the Iraqi and Chinese markets and fully electronically.

She added that "regional banks and banks, especially in Saudi Arabia and the UAE, will start next year 2023 to rely on the Iraqi market for electronic financial transfer, as it is the only "leading" market currently in the field, which provides unprecedented financial services in the Middle East."

 

Yep….12 months behind…10 currencies BOOM time! 

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