Najaf News / Aqeel goes Jahm
A member of the Board of Directors Najaf Chamber of Commerce Economic Ali drink of the stock market in Iraq Paliam local and very simple, because the stock market must be the global exchanges and interventions of the state and capital and investment as well as shares of companies through which the interaction of trade.
He added in his drink: The stock market in Iraq is limited to the U.S. dollar and Altoman Iranian and money transfer.
He attributed the reason for not drinking the advancement of the Iraqi market for eight years to the simplicity of shares that are not feasible, up to ambition, and the unstable security situation, which has prevented the large capital inflows into the country.
However, a drink, saying that the stock market in Iraq in general and Najaf, especially non-existent, but that now exists is the companies and shops of the Banking lack of international standards and is linked to the stock exchange world, while taking the price of the Central Bank of Iraq with some modest sales and modest, and this includes only the U.S. dollar E is affected by exchange rate the local exchange rate is not affected by the world.
He described the drink as a stock market mentality: is an emerging economic reality that exists in Iraq.
He continued: The banking system in Iraq Failing and relies on the old mentality in the banking system and adopted the profitability that you take from the loans and facilities and nine to the alternatives.
He pointed out: a large disparity between the Iraqi banks that lack the capital and the nearest Arab countries, as the capital of all private banks in the race is (820) million and the Bank of my family and one in Dubai with a capital (7) billion dollars.
We drink and we need the legislation of economic laws, as well as attention to banks and international banks and the banks to enter Iraq, which are few and there is where the movement of banking and industrial companies also count, investment and trade have contributed to the advancement of the market and activate it.
And the importance of the channel economic expressed a drink of that: the recipient abroad is in the house known as the exchange rate and also can buy and sell to the existence of channels of economic authorities, he said, adding we are: We need a special channel for the development of economic culture of the recipient and the merchant and the private sector with its coverage of all economic activities and investment seminars and conferences and exhibitions, and others.
Economy is affected by policy and pointed out that the drink: the economy affected by political issues, and any movement or one of the steps reflected the political reflection of the overall economy of the capital, we find the coward and the merchant or the fugitives.
[You must be registered and logged in to see this link.]