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Iraq Stock Exchange goes beyond the barrier toward the local link the London Stock Exchange (diff source )

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tlm724
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dealerdean


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Despite the modest building in modernity, has launched the first international exchange in Iraq in an area Arsat Indian central Baghdad, within the plan has received acclaim as economists would develop the national economy after linked to global counterpart.

The desk can exchange the new Iraq that raises the curiosity and enthusiasm of many interested in the money, where he became a has 173 clients, and is directly linked to the London Stock Exchange the world, and created a sophisticated method allows its customers access to their accounts wherever they are via the Internet without having to come.

The director of the Office of the stock market in Iraq, Osama Mahmoud for "Alsumaria News" that "this office first office for trading in global stock are open in Iraq, and is directly linked to the London Stock Exchange," explaining that "the office opened nine months ago during which prove its presence in the Iraqi market for securities financial and gain customers, investors and banking companies and jewelers went. "

Mahmoud adds that "the most prominent office customers are investors and citizens Aotaiadion came after saving them several privileges can through trading in global stock", pointing out that they "are trying to link the Iraqi economy to the global economy."

He says that the correlation of the Iraqi economy Balaalmi "weak", and this market has provided the possibility of linking it to the outside world and moving the national economy with the global price of the dollar, gold and silver, which is trading money and precious metals and energy sources, and shows that the "trading of the stock market world, on the contrary of the stock market which is Tdoualh on a local currency. "

While confirming the Director of Customer Service in the stock market Duraid Mohammed that "companies that are dealt with in the stock market is the gold companies and banking, as they put safeguards against capital traders."

He says, "Alsumaria News" that "the stock market would like to link the Iraqi economy with the global economy to raise the status of Iraq before the rest of the world."

He sees Hassan al-Asadi that the launch of the international exchange office in Baghdad commendable step, draws out that "ethnic stock evolve, but without the level of ambition."

He says al-Asadi for "Alsumaria News" that "the development of the stock market operations are done by the private sector to connect the Iraqi market, global market, where a lot of opened offices in Baghdad and the provinces."

And will lead the work of the stock market to increase the capacity of the Iraqi market to handle global and increase the culture of citizens to deal with the global stock market, which has a significant impact on global markets and the development of the national economy, according to al-Asadi, who also points out that "all serious attempts to develop the national economy by the private sector only, without any government involvement. "

But economist asserts that the absence of government involvement makes the development of the national economy without the level of ambition, and warns of "the existence of deliberately delaying the Iraqi economy."

The London Stock Exchange, which are connected by the Baghdad Stock Exchange of the largest stock markets in the world, founded in 1801, and contains several indicators the most important and the largest index "Vinanchal Times" of the hundred largest British company.

Referred to the Iraqi market for securities was established in June 2004, and was approved by the manual trading, and in April 2009 adopted electronic trading in part by some companies, and is now trading electronically for companies listed by the year 2010.

And traded in the market are 73 companies belonging to the eight sectors of the banking sector and the industrial sector and the hotel sector and the tourism sector and the agricultural sector and the investment sector and insurance, in addition to communications

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tlm724

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My oh my !!!  Cool 


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3Iraq Stock Exchange goes beyond the barrier toward the local link the London Stock Exchange (diff source ) Empty Smells like. . . Tue Feb 04, 2014 7:38 pm

neednrv


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An International Currency to me  Very Happy 

Mcduff82


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Great news thanks Tim

dezertheat

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"this office first office for trading in global stock are open in Iraq, and is directly linked to the London Stock Exchange," explaining that "the office opened nine months ago during which prove its presence in the Iraqi market for securities financial and gain customers, investors and banking companies and jewelers went. "
 so let me see if I understand this.. they can internationally trade stocks, but have a country currency that is NOT internationally tradable  scratch  WT?

they "are trying to link the Iraqi economy to the global economy."
Trying?? well we all know what they need to do  Rolling Eyes   get er done already!

Shredd

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The dinar is internationally accepted as legal tender. Sure, it's severely undervalued but it is acceptable currency. The cost of carry and fixed rate are deterrents but again, the dinar we hold is acceptable legal tender.

This is a great article which shows us investment growth continues.


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