Only Basrah Bank

Originally Posted by
chakkarchee
This dollar issue is likely due to the restriction on dollar selling by CBI due to neighboring countries cashing in their currency for dollars via Iraqi banks. I am ok with it as dollar selling without rv is either CBI screwup or insider cashing inside CBI
The deal with 10 years investing that these kind of issues will keep coming till Iraqi financial system stabilize which may take about this long. So anyone expecting quick fix do not know the working in third world countries.
As far as Warka is concerned I consider my warka stock a total loss, I am counting on the holdings that I have with Warka on other companies, than who knows what may happen to other holdings either, as ISX is not even yet under frontier markets classification.
I have only written on Basrah Bank so far. At least I can communicate with Warka and know they are there in theory.
My thoughts on the current ISX is most of the current companies on the exchange are where they are at and not much will come of them w a few exceptions. they were start up stocks in getting the ISX rolling. They have multiplied so far to date that the values cant go much higher. Optimistic 5 x's current price. Good, but better investments could be made elsewhere. As far as new stocks (telecoms for example) we wont have a chance to get in on them new. When the price peaks our orders will be processed. But I am in and not going anywhere and hope I am completely wrong and get big "told you so's" from my IIF brothers (and sisters).
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"Sumerian News", that "the real value of the coin is the value of goods received by the individual and on the strength of the national economy"