The Chairman of the Board of Directors in the office of international exchange in Baghdad, Omar al-Khatib said in an interview (range Press), "The office was opened about a month ago in the Land of central Baghdad, and began working formally Currently, a first of its kind in Iraq, where the customer can We have to trade foreign currencies and metals such as gold, silver and energy sources such as oil and gas and global equities through Facebook and Algugl Yahoo and others. "
He Khatib that "the Iraqi market for securities on equity Iraqi But in global stock concerned global equities," following the "office has a program trading sophisticated be installed on mobiles and computers and these programs are free and can be downloaded through the stock exchange in Baghdad, as can be loaded pilot program which provides a default amount of up to 5 million dollars to enable the practice of rolling on the movements of the markets without causing damage. "
He said Al-Khatib that "international exchange licensed by the Iraqi government and linked to the Stock Exchange of London Global intimately fully and promptly," pointing out that "the office has a so-called leveraged by (1:400), which means that the customer dollar and the only one eligible to trade at $ 400 , in order to reinforce its investments during the trading. "
And between Al-Khatib said that "the volume of trading in the office arrived until today to about 500 000 U.S. dollars, and this is a good indicator possible that we consider to be the beginning of the trading World," attributing the cause of lack of turnout to "the loss of a culture exchange in exchanges among the citizens, because the Iraqi citizen has become known what the meaning of the Stock Exchange and how to inconsistencies in it. "
For his part, the financial expert and on the affairs of currency trading and trade on the stock exchange, Ahmed Salhi, in an interview with the (long-Presse), "The opening of such a financial institution is a step to improve the value of the Iraqi dinar and the national economy through the size of the exchange and the entry and exit of foreign currency," calling Ministries producing state and public sector companies to "put its shares in the office so that the global stock and imports as well as the growing market of Iraq and the Iraqi economic."
Although the new laws approved by the Iraqi parliament, which allowed foreign investor buying and selling stock in absolute terms in the Iraqi Stock Exchange, after that there were limitations to him as if not more than the percentage of shares owned 49% of the shares of the company, but these laws are adopted to develop the stock market and attract foreign investment has "failed to attract big investors and non-Iraqis were trading in the stock market is weak and limited."
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