Call government agencies to invest indirect
Ebgdad- Mustafa al-Hashimi
called for economic researcher Lubna al-Shammari financial bodies, non-bank to participate and engage in local indirect investments Kmzad sale remittances central bank to achieve the benefit and to promote money retired investment in this aspect of being secured, low-risk investments.
It said al-Shammari in an interview for »morning» The guaranteed profit investments a few risks present in the bonds issued by the Ministry of Finance and the Central Bank and that are sold at a discount or interest, and that the entry of non-bank financial entities to buy these bonds would circulate the benefit of all the participating in the integration of positive money cycle parties.
She said Shammari intended non-bank financial approaching as government economic departments such as taxes, customs and insurance companies. She noted that the central bank auction of remittances often involving minors Chambers care and retirement in order to maximize their resources by making the purchase of the Central remittances that are sold at the price of a multi-utility and a certain discount rate, as well as entry of a number of banks in this auction. The Central announced the results of an auction sale Hawwalath of the 91-day at $ 200 billion at the auction, which was held on the thirteenth of this month, as was the sale of the full amount of Asdarih (200 billion dinars) to seven destinations participation represented by five banks and the Department of care of minors and the retirement. Sale was at a price of multi-utility and the highest discount rate stood at 4.30 percent. Showed economic researcher importance of domestic investment is direct and to maximize the financial resources of the public sector through the amendment of the respective departments and ministries investment laws, citing the need to reconsider the laws and regulations indirect investment in order to achieve economic benefit of the country.
In the opinion specialists said the aim of the investment, whether directly or not for it will come directly to achieve an appropriate return appropriate and profitability, as well as maintaining the original capital by focusing on the least risk, as well as the continuity of income and increase the pace away from the turmoil and decline, in addition to ensuring liquidity. And introduces the subject of indirect investment in stocks and stock market sector as well, as attested Iraq Stock Exchange presence of foreign investors who trade shares on the stock exchange, buying and selling at a time when trading on the local investors and experienced veterans on the market receded, while the public still prefers direct investment asset- Fixed.
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