Home
What are the benefits of openness of the government to the private banks .. ??
2015-02-07
The president of the board of the securities Abdul-Razzaq al-Saadi, Saturday, that the recommendation of the central bank to the government to accept the instruments of private banks will strengthen their place in Iraq will Securities, noting that the high dollar exchange rate of the dinar against the impact on trading in the market. Saadi said that 'the central bank recently recommended that the State Government departments to accept instruments of private banks as well as other posts have implied in the Iraqi market, investment, bonds and other'. He said that 'the Bank's recommendation, will enhance the status of private banks in the stock market because most traded companies in the market are private banks and this certainly will reflect positively on the economy of the country.' He added that 'the recent rise of the dollar exchange rate against the dinar, which was one of the reasons to restrict the central bank sold $ 75 million per day in the auction currency had a negative impact on the stock market, because the market supply and demand, and in the case of reducing the amount of dollar sold will increase the need for him, raising its price '. He said the 'strong dollar has reduced the volume of trading in securities, because most traded companies dealing in dollars and in the case of variability there will be either stopped or withdrawal'.
[You must be registered and logged in to see this link.]
2015-02-07
The president of the board of the securities Abdul-Razzaq al-Saadi, Saturday, that the recommendation of the central bank to the government to accept the instruments of private banks will strengthen their place in Iraq will Securities, noting that the high dollar exchange rate of the dinar against the impact on trading in the market. Saadi said that 'the central bank recently recommended that the State Government departments to accept instruments of private banks as well as other posts have implied in the Iraqi market, investment, bonds and other'. He said that 'the Bank's recommendation, will enhance the status of private banks in the stock market because most traded companies in the market are private banks and this certainly will reflect positively on the economy of the country.' He added that 'the recent rise of the dollar exchange rate against the dinar, which was one of the reasons to restrict the central bank sold $ 75 million per day in the auction currency had a negative impact on the stock market, because the market supply and demand, and in the case of reducing the amount of dollar sold will increase the need for him, raising its price '. He said the 'strong dollar has reduced the volume of trading in securities, because most traded companies dealing in dollars and in the case of variability there will be either stopped or withdrawal'.
[You must be registered and logged in to see this link.]
