Iraq Online Tradings Explosive Growth in 2009
A recent Iraqi stock market report stated that a multitude of foreign investors have pumped huge amounts of money inside the country this year (2009), to take the Iraqi online trading to a whole new level.
The numbers speak for themselves; in January the overall foreign investment capital was $ 634,000US. When it surged to $ 849,000 in February some people were astonished, but next month’s growth was the real feat. Unbelievably, the sum of foreign investments in Iraq rocketed to $ 1.072 billion in March to raise some eyebrows and make those who have doubts about the country’s potentials think again.
The same report forecasts further development and other huge leaps in profits in the foreseeable future, especially when online trading becomes widespread. It also suggests that picking five corporations to be the main contributors of the electronic trading was one of the reasons behind the financial rising in March. Ashur Bank, al-Mansour Bank, The Commercial Bank, Ashtar Hotel and Al-Mansour Hotel have been all chosen to be the contributors.
The report also cited the low interest rate as another reason behind the historic boom, because it encouraged brokers to buy more stocks in big amounts. Central Bank of Iraq has made a decision of reduce the annual interest rate from 11% to 9% starting April, and also reduce the rates of credit to be 11% per annual for the initial credit, 12% for secondary credit and 12.5 % for loans.
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This article may be reprinted online and offline
as long as this box remains and its link is
hyperlinked online. Written by Darren Chabluk
for http://DrDinar.com/blog
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Sounds great, but what kind of bearing will this have on the dinar??
In my opinion it is only a matter of time before the value of the dinar booms like the rest of the country is booming. Irag’s success will be bigger than many small minds can imagine!!!!!!!!!!!!!!!!!
Again some encouraging informatin. I guess we just have to wait, at least a few more months, in my opinion, to see what happnes to the dinar. Sure sounds like Iraq is on the right track.
Thank you for your visionary commitment, Darren!
May I humbly suggest here that there IS a way EVERYONE can do more than “sit around and wait”… Anyone seen ‘What the Bleep?’ et al?
Anyone here aware of Lyn McTaggart’s paradigm shifting (like Quantum…) “Intention Experiments”? EKO is RIGHT ON with “I love Iraq,I love this blog,I love you all. PEACE” OXOXO – We are all Co-creators and Energy goes to wherever we focus,
Here’s the link: http://www.theintentionexperiment.com/
Woooo-Hoooo!!!
Suzanna, PEACE, one way or another, PEACE.
Darren
how can i buy iraq dinar?am in india.
how much can i buy legally?
I can help you buy from India. There is no limit on how much you can buy.
from where can i buy?
plz help me…
Depends where you live, I’ve emailed you.
IF YOU WANT TO WRITE A LETTER TO PRESIDENT OBAMA ABOUT
GETTING IN TOUCH WITH THE IRAQI GOVERNMENT TO RAISE THE
PRICE OF YOUR AMERICAN MONEY, IN EXCHANGE FOR THE IRAQI
DINARS. FOR THE AMERICANS THAT HAVE INVESTED IN BUYING
THE IRAQ DINARS. HERE’S THE WEB-SITE. FOUND IT AT http://WWW.GOOGLE.COM
http://www.whitehouse.gov/contact
http://WWW.WHITEHOUSE.GOV/CONTACT/ WEBSITE IF YOU WANT TO SEND
PRESIDENT OBAMA AN E-MAIL. FOR OBAMA TO MAKE CONTACT WITH
IRAQ GOVERNMENT TO RAISE THE AMERICAN DOLLAR, SO AMERICAN
PEOPLE CAN MAKE A PROFIT OFF THERE INVESTMENT.
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