July 18th 6pm Newsletter

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Samson: Iraq Stock Exchange signs agreement with US stock exchange on trading technology

18th July, 2019

The Iraqi market for Iraqi securities, Thursday, the signing of a new agreement with the US stock exchange on the technology of trading and deposit securities.

" NASDA Q  and  the Iraq Stock Exchange   (ISX) have signed a new agreement to expand their technology relationships for the next five years starting from October 2019," the market said in a statement received by Alsumaria News . "NASDAQ Will continue to license, support and maintain ISX systems and upgrade the next five years trading and deposit technology (CSD) technology."

"The use of NASDAQ technology is a positive signal for local and international investors and regulators that Iraq will step up its efforts to become an important financial center for securities trading," said Taha Ahmed Abdul Salam , chief executive of the market. 

Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Thursday 7-18-19  
Sandyf   "how did they raise their reserves when the government was in a deficit situation?"

Iraq has obtainded funding from outside the country in the form of international loans and from the IMF under several SBA's.

Unless the economy improves the reserves will become depleted as the outside funding has to be repaid.

sandyf  @Dave Baxter YES that never happened in Russia Turkey Romania
These countries increased the value of the monetary unit by introducing a new currency.

Emailed to Recaps:

MarkZ Thursday Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Q: With the reset- will we return to the original constitution

MZ: That is the plan with the new republic.

MZ: Little to no news today…everything is very quiet.

MZ: No new rate in Iraq yet……one contact from Zurich says noon tomorrow for exchange.…the other is quiet…....maybe they can’t talk and that would be good news

MZ: No CMKX update, Nothing from Reno,

MZ: I heard that at last night’s rally Trump did say “We are making America Wealthy Again”



Briscom:  Mr. Frank....could you please...pretty please.. share with us what the stunning information was, that you received at the tail-end of Monday's CC. Your labor is not in vain and is very deeply appreciated by me and Kona. Thanks so much


"the center is an incubator for the latest cash counting machines that work in a precise and effective manner and provides a varied sorting of currencies very quickly, with the introduction of a new link technology for banknotes to prevent their damage according to the latest international standards."

Iraqi National Bank opens first place in Iraq to manage cash

17th July, 2019

The Iraqi National Bank announced the opening of the first cash management center of its kind in Iraq and located in the branch of the main bank in Baghdad.