Tommy17: Thanks WS for the article. I find it interesting warka offering 1share of warka stock for 1 iqd. Wow
Imwright1: That's 1 to 1
Walkingstick: To our esteemed and distinguished Warka clients,
Warka Bank for Investment and Finance is delighted to inform its fine clients that the distinguished Central Bank of Iraq has approved that our clients participate in the upcoming capital increase. Warka clients are now permitted to purchase Warka stock from the funds depoisted in their bank accounts participating in the capital increase in accordance with clause 56 no. 4 of the Iraqi Company Registration Law the adjusted law no. 21 for the year 1997 .
There are no limitations to the amount of shares purchased where Warka clients are permitted to use their entire deposits to purchase Warka Stock participating in the Capital increase.
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Saturday Night 3-17-18 Part 2 of 2
BREW: @Spectra iraq is so war torn, they don't have a pot to piss in nor a window to through it out, lol.
Spectra: @BREW The place is devastated no dought
xyz: $2 ... Valuation https://www.zerohedge.com/news/2018-03-17/truth-about-aramcos-2-trillion-valuation
There were doubts about that valuation from the start, and now these are deepening as the company crawls closer to the initial public offering.
For starters Aramco’s opacity was very likely to make potential investors suspicious.
Aramco has never published financial reports. Although there were assurances that it will start doing so ahead of the IPO, to date the latest entry on Aramco’s Corporate Reports page is from July 20 last year, and includes production figures for 2016.
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Saturday Night 3-17-18 Part 1 of 2
Dave: See this art today........Parliamentarian: There are 20 laws ready to vote in parliament subject to the quorum A member of the parliamentary law committee Ibtisam al-Hilali on Saturday, the existence of 20 laws in parliament, "ready to vote" during the coming sessions, indicating that "the quorum of the quorum" is to determine the passage or not.
Al-Hilali told Al-Ghad Press that "there are 20 laws in the committee that are complete and ready for voting. If the quorum is reached in the coming sessions, it is possible to pass them."
From Recaps Comment Section:
DR. CLARKE (3-17-18):All Iraqi People PAID 1ST, then EVERYONE ELSE.
Since DAY 1. Dr. Clarke
Max: Dr. Clarke, I'm not sure if your statement makes sense or perhaps I'm misinterpreting your meaning. My family went through currency revaluation in the country we lived in decades ago. Iraqis don't get PAID first. In fact, they simply don't get PAID. Only their purchasing power changes if the IQD increases in Forex value vis-a-vis other currencies. So if an Iraqi has 100 IQD, it's still 100 IQD that he/she has. And the change in purchasing power will happen at the same time as Forex changes worldwide.
DR. CLARKE (3-17-18): Max, they're getting paid right now, as we speak.
Dogluver: Could it be the budget is launched tomorrow with a program rate then the switch is flipped to new rate on the 20th?
There has been much emphasis on 15 days after signing (18th) and the 20th.
That would put both dates in play.