Iraq joins *a* forex!!! Read the link!!!!

[fb481777]

We'll, I won't take the credit for this one, as I saw this on another post, but b/c of the way the title is said, I think people will pass by...but here is a link for proof of GOOD NEWS! Glory to Jesus! WOohooo!

http://asia.news.yahoo.com/rtrs/2009...s-955c2a1.html

BAGHDAD, Nov 25 will become the first bank in the country to join the global foreign exchange dealing system of Thomson Reuters Corp <TRI.TO> <TRI.N>, a joint statement said on Wednesday.
The bank will use the system to help Iraqi companies trade internationally as the country returns to global financial markets, said Zaid A. Mahdi, TBI's vice-president for business development.
State-owned TBI was established in 2003 to facilitate Iraq's international trade and reconstruction after the U.S. invasion of the country and the ouster of Saddam Hussein. TBI said it had relationships with 120 banks in 39 countries.

[Ron Lawrence]

All it means is that a local bank for the first time will be able to provide Forex Trading services to its local Iraqi customers.

It has nothing to do with the Dinar since the Iraqi Dinar is NOT trading on the Forex at this time.

Positive news though.....

[Seaview]

fb481777b - it isn't ok to take somebody else's information and start a new thread with it.

If you want information to get attention you bump the other thread.

[MEALTICKET]

It's one more step.

[fb481777]

Originally Posted by Seaview

fb481777b - it isn't ok to take somebody else's information and start a new thread with it.

If you want information to get attention you bump the other thread.

OK, first of all...I did NOT, take someone elses credit, if you read my begining I CLEARLY STATED THAT, SO GET OFF MY BACK PLEASE.

[alexanderiusmen]

Thanks
fb48177 !!!!

You did a good job!!!!
Do not let kindergarten kids to bother you!!!

[TAV]

Originally Posted by Ron Lawrence

All it means is that a local bank for the first time will be able to provide Forex Trading services to its local Iraqi customers.

It has nothing to do with the Dinar since the Iraqi Dinar is NOT trading on the Forex at this time.

Positive news though.....

Then tell me why are they calling it FOREX TRADING SERVICES if its only for the locals?
Do you have a link explaining, "local bank for the first time will be able to provide Forex Trading (Foreign Exchange Trading) services to its local Iraqi customers".

[TAV]

Originally Posted by fb481777

We'll, I won't take the credit for this one, as I saw this on another post, but b/c of the way the title is said, I think people will pass by...but here is a link for proof of GOOD NEWS! Glory to Jesus! WOohooo!

http://asia.news.yahoo.com/rtrs/2009...s-955c2a1.html

BAGHDAD, Nov 25 will become the first bank in the country to join the global foreign exchange dealing system of Thomson Reuters Corp <TRI.TO> <TRI.N>, a joint statement said on Wednesday.
The bank will use the system to help Iraqi companies trade internationally as the country returns to global financial markets, said Zaid A. Mahdi, TBI's vice-president for business development.
State-owned TBI was established in 2003 to facilitate Iraq's international trade and reconstruction after the U.S. invasion of the country and the ouster of Saddam Hussein. TBI said it had relationships with 120 banks in 39 countries.

GREAT FIND, TRADE INTERNATIONALLY I BELIEVE IT IS SAYING!!!

[Major Payne]

Originally Posted by fb481777

We'll, I won't take the credit for this one, as I saw this on another post, but b/c of the way the title is said, I think people will pass by...but here is a link for proof of GOOD NEWS! Glory to Jesus! WOohooo!

http://asia.news.yahoo.com/rtrs/2009...s-955c2a1.html

BAGHDAD, Nov 25 will become the first bank in the country to join the global foreign exchange dealing system of Thomson Reuters Corp <TRI.TO> <TRI.N>, a joint statement said on Wednesday.
The bank will use the system to help Iraqi companies trade internationally as the country returns to global financial markets, said Zaid A. Mahdi, TBI's vice-president for business development.
State-owned TBI was established in 2003 to facilitate Iraq's international trade and reconstruction after the U.S. invasion of the country and the ouster of Saddam Hussein. TBI said it had relationships with 120 banks in 39 countries.

Nice find.

[decormier]

so does this mean we can say buy through like a ameritrade co

[Lomad]

Originally Posted by decormier

so does this mean we can say buy through like a ameritrade co

If Ameritrade deals in Foreign Currency, and it is in fact true that the Dinar will become internationally tradeable through all of this, then yes.

But, I thought Ameritrade just dealt the stocks, etc.

You maybe gettting making stock trades and making foreign currency trades confused. They are completly different markets.

[Lord Dinar]

Originally Posted by fb481777

We'll, I won't take the credit for this one, as I saw this on another post, but b/c of the way the title is said, I think people will pass by...but here is a link for proof of GOOD NEWS! Glory to Jesus! WOohooo!

http://asia.news.yahoo.com/rtrs/2009...s-955c2a1.html

BAGHDAD, Nov 25 will become the first bank in the country to join the global foreign exchange dealing system of Thomson Reuters Corp <TRI.TO> <TRI.N>, a joint statement said on Wednesday.
The bank will use the system to help Iraqi companies trade internationally as the country returns to global financial markets, said Zaid A. Mahdi, TBI's vice-president for business development.
State-owned TBI was established in 2003 to facilitate Iraq's international trade and reconstruction after the U.S. invasion of the country and the ouster of Saddam Hussein. TBI said it had relationships with 120 banks in 39 countries.

I agree, nice find and thanks for sharing this.

[arh777]

Great find.... here's another take on the article.
Trade Bank of Iraq to join the network Thomson Reuters electronic trading
2009-11-25 14:12:29 2009-11-25 14:12:29

بغداد
(Thomson Reuters Dealing). BAGHDAD (Iba) / follow / .. Thomson Reuters announced today that the Trade Bank of Iraq will become the first bank in Iraq join the group of capital markets and trading in the foreign exchange system that uses Thomson Reuters electronic trading (Thomson Reuters Dealing).

وبا
(Thomson Reuters Dealing)،
. And joining the network Thomson Reuters electronic trading (Thomson Reuters Dealing), will be able to Trade Bank of Iraq for the first time to identify electronic sources of liquidity and funding available in the global capital markets. ويق
. The bank at the moment the management of trading in foreign currencies and its financial requirements by phone.

ك
دو
. Can also be financial intermediaries to benefit from products and services direct to the system such as Thomson Reuters (Reuters 3000 Xtra), which is one of the best electronic trading systems performance in terms of providing information and real-time data and analytical tools for financial professionals. و
ى (TBIB). The code will be trading of the bank is (TBIB).

وق
". The managing director of Thomson Reuters for the Middle East and Africa, Basil Key: "This agreement comes within the framework of promoting global strength to Thompson Roetersvi the trading in foreign currency, pointing out that this is at the same time progress in Iraq's return to the community of global capital markets."

م
". For his part, Vice President of Business Development at Trade Bank of Iraq Zaid Mahdi, "The link between bank market trading in global foreign exchange through the strongest sources of the world leader in the field of Toviralamalomat financial statements represents a new phase for Iraq and the Bank."

". "We contribute to this step in the direction support Trade Bank of Iraq and enable it to expand the circle of financial products and services provided to corporate clients and Iraqi business growth and take advantage of investment opportunities available worldwide circulation. It is also further evidence of the return of business and trading in Iraq gradually to capital markets the World. "

يالغذاء. It should be noted that the Trade Bank of Iraq, which belongs entirely to the benefit of the Iraqi Finance Ministry, was established in 2003 to facilitate Iraq's foreign Tisiraltjarp and the process of Iraq reconstruction after the end of the UN oil for food program. وقد. He succeeded Trade Bank of Iraq in establishing close ties with a network of 120 major banks covering 63 cities in 39 countries. (ا
http://translate.googleusercontent.c...LyEvKnnwiQTCeQ

[decormier]

i might have got mixed up so much to follow so as we stand today nothing has changed for us dinar cash in hand investors so the meeting so called briefing that came out today does it do anything for us in the us or is it just for our fellow iraquians to trade stocks with us or can we trade here now with them

[Jackfrost8]

Exellent News....Thanks for sharing.

Happy Thanksgiving! to all.

[Ringworm]

Originally Posted by alexanderiusmen

Thanks
fb48177 !!!!

You did a good job!!!!
Do not let kindergarten kids to bother you!!!

Yep , don't worry about it! Some people clog up the whole page with posts like dinarella use to do.

[Seaview]

Originally Posted by Ringworm

Yep , don't worry about it! Some people clog up the whole page with posts like dinarella use to do.

It's a good job this forum doesn't rely on you to provide any news. We would be waiting all day.

Anyway, I've reported you yet again.

[Tarpon]

Originally Posted by decormier

i might have got mixed up so much to follow so as we stand today nothing has changed for us dinar cash in hand investors so the meeting so called briefing that came out today does it do anything for us in the us or is it just for our fellow iraquians to trade stocks with us or can we trade here now with them

Hey check this web Site out there is a BIGGER PICTURE here than just RV

http://thomsonreuters.com/

[English Bob]

Originally Posted by decormier

i might have got mixed up so much to follow so as we stand today nothing has changed for us dinar cash in hand investors so the meeting so called briefing that came out today does it do anything for us in the us or is it just for our fellow iraquians to trade stocks with us or can we trade here now with them

decormier

Nothing changed!

Still sanctions to be lifted...................debts to forgive or pay...........Kuwait ................to be finalised............and UN mandate Runs till August 2010............with a review if Iraq asks.............my guess come August.........it will be pushed further back.............nothing moves fsat in Iraq..............accept ...........a snail

And do not forget HCL


And when that is all done if the CBI has not increased it's reserves enough for an adjustment..............the only other way for an increase in the rate is to pull in some of the currency to be destroyed!

EB

[Shau - Kenshin]

Originally Posted by English Bob

And do not forget HCL

Keep in mind EB, that they are not even thinking about exploring for new oil wells yet. They have not even worked to finish the auctions for the second round of contracts for the wells they have now. That being said, HCL... LONG time off. But honestly, I dont think they will even NEED it. They are working with the Saddam Oil Law (S.O.L.... no pun intended). That being said, the HCL is NOT nessesary for a reval. It would be nice, but is not critical. You can do alot with whats on the table now.

Now using what they have now ..... there is the kicker... getting them to DO it... but how many times have we said this?

Lets see what happens..