Will open the Baghdad Stock Exchange and infiltrated .. Conference in London will tur
Will open the Baghdad Stock Exchange and infiltrated .. Conference in London will turn Iraq into a bank to finance the bankrupt states
17/09/2012 12:00 am
BAGHDAD / future Iraqi
parliamentary sources said that a high-level Iraqi delegation will attend a conference on investment in the banking sector and banks in Iraq to be held in the British capital London. Sources indicate that the conference will make Iraq a bank to finance the rescue bankrupt economies and banks in Europe and the United States, as is the case with the GCC banking sector. The sources also indicated that if this plan has, will make the Baghdad market securities exposed, and infiltrated by foreign companies, in return for a scenario that occurred in Southeast Asia in the eighties and caused the bankruptcy of those countries.
I see this as a very powerful confirmation of our investment. Think about it: at the current rate of the IQD Iraq couldn't bail out anyone! But if the value of the IQD goes up to a dollar, or even more, then Iraq will become one of the strongest countries in the ME. At that point they could definitely help out failing European banks/economies. More to the point, dinars held by European countries will strengthen their reserves, thereby shoring up their own currencies.
Notice also that the article talks about bailing out the United States. This is a clear indication that the dinars in American coffers will be used as foreign reserves, thereby shoring up the USD.
IF you read thoroughly the writer is saying that Iraq will become like a Bank and rescue Europe & United States from the fall of thier money. Then if the conference is sucessful it could expose the securities markets in Iraq by all the companies jumbing into Iraq securites markets. Then he saying giving example waht happened in the Eighties to Southeast Asia. Both Steve & C36 are correct in their statements powerful investment to help economies & countries but be cautious could cause failure of Iraq in long run. IMO
~ Toby Boy