Goldilocks and Seeds of Wisdom
Goldilocks posted a commentary with multiple links:
Forex trading is regulated as trading in either a security or a derivative.
Its regulation varies depending on provincial legislation.
Form 144 also known as the Securities Exchange act of 1933 has undergone a revision.
The form now has to be filed in digital format. It is gone through several steps to get to the legislative process.
It was just presented last Thursday to Congress. Currently, it is sitting on “introduced status.”
As we have discussed, Congress is currently working on currency reforms digitally and paper currencies.
Below is an article that lists current restricted securities. Iraq is not currently on that list, but it’s association with Iran still makes it a risk.
This is why Rule144’s adoption is important: “When you acquire restricted securities or hold control securities, you must find an exemption from the SEC’s registration requirements to sell them in a public marketplace. Rule 144 allows public resale of restricted and controlled securities if a number of conditions are met.”
Goldilocks also posted 3 pdf’s on Form 144 that can be found in their telegram room posted at 8:35 am EDT this morning.
Source: Dinar Recaps
Iraq Stock Market Report
ReturnRS ISX Index Closings Change (w/w) (%)Change (YTD) (%)
RSISX IQD Index1,000.35.5%9.9%
RSISX USD Index983.65.5%27.0%
Yes, the dollar and the dinar are trading on par with each other in Iraq per CBI Banker Contact.
Source: Dinar Recaps
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