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Warns economists Iraqis from the possibility of "escape" investors from the country and stop a lot of projects or "degradation" of the value of shares as a result the deterioration of security and political crisis, revealing the existence of "smuggling" of hard currency from Iraq in a "legitimate and illegitimate" believes profits "penalty" for banks "involved" to do so.
says the head of the Federation of private banks, Manaf Al-Badri, said in an interview to (range Press), "The investor coward and looking for a safe environment to work," noting that "the deterioration of the security situation and the worsening financial and administrative corruption alienate investors and confuse their work in Iraq . "
adds Al-Badri, that "the deterioration of security has forced many investors are shareholders in banks and international organizations on the aversion of Iraq, leading to deprive him of the loans that finance economic projects."
For his part, says speculator in the Iraqi market for securities, Jihad Ali, in Speaking to (range Press), "The deteriorating security situation witnessed by Iraq now, he began causing migration of capital from Iraq," noting that "a lot of financial stocks fell to less than one cent, compared to prices of stocks outside of Iraq, which is witnessing a remarkable rise" .
explains Ali, that there is "operations to smuggle hard currency from Iraq legally and illegally, providing huge profits for the banks of Iraq," pointing out that "the political situation volatile also contributed to the decline in the real value of projects and the flight of investors from the country."
and the buyers and sellers, in the Baghdad expressed, in recent weeks for fear of the impact of security implications on the economic situation, especially after the reluctance of traders provinces for shopping capital of approximately threatens their work seriously and pushes them to think about the transfer of their business to the Kurdistan region, and expect a rise in food prices, arguing that the current situation reminds years of sectarian violence, while an economist warns that the continued deterioration of security to paralyze the economy and declining investment.
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says the head of the Federation of private banks, Manaf Al-Badri, said in an interview to (range Press), "The investor coward and looking for a safe environment to work," noting that "the deterioration of the security situation and the worsening financial and administrative corruption alienate investors and confuse their work in Iraq . "
adds Al-Badri, that "the deterioration of security has forced many investors are shareholders in banks and international organizations on the aversion of Iraq, leading to deprive him of the loans that finance economic projects."
For his part, says speculator in the Iraqi market for securities, Jihad Ali, in Speaking to (range Press), "The deteriorating security situation witnessed by Iraq now, he began causing migration of capital from Iraq," noting that "a lot of financial stocks fell to less than one cent, compared to prices of stocks outside of Iraq, which is witnessing a remarkable rise" .
explains Ali, that there is "operations to smuggle hard currency from Iraq legally and illegally, providing huge profits for the banks of Iraq," pointing out that "the political situation volatile also contributed to the decline in the real value of projects and the flight of investors from the country."
and the buyers and sellers, in the Baghdad expressed, in recent weeks for fear of the impact of security implications on the economic situation, especially after the reluctance of traders provinces for shopping capital of approximately threatens their work seriously and pushes them to think about the transfer of their business to the Kurdistan region, and expect a rise in food prices, arguing that the current situation reminds years of sectarian violence, while an economist warns that the continued deterioration of security to paralyze the economy and declining investment.
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