Provide transparency by adopting the digital economy

6/6/2016 0:00

BAGHDAD Mustafa al-Hashemi
Economic researcher Lubna Shammari said that the adoption of new technologies and their applications in the economic aspects of Iraq would strengthen governance and check the quality of the gears in the performance of the economy in general and the stock market in particular.

Modern systems

She added in an interview with al-Shammari »Sabah» that quest Iraq Stock Exchange to apply modern systems for the success of the deployment of trading directly on global sites will serve as a magnet for investment indirect factor and enhances the performance of the market.

She noted that the trading data show private market for securities Iraq on the Arab and international economic sites will be the definition of foreign investors, exchange-traded sectors factor as well as encouraging local investors to engage in by non-financial direct investment.

And announced the Iraq Stock Exchange, the middle of last month, the signing of three agreements for the development of their dealings to ensure that the market transition to new advanced stage and content in its financial transactions.

Financial Services

The market is seeking to expand its contracts to include other specialized agencies to provide financial services and dissemination of data and information for financial markets to investors, including data and prices of shares traded for the moment implemented online price across the bar prices ».

And hobbled Shammari Speaking to direct the transformation of Iraq's importance to the digital economy as it provides transparency and significantly reduce the corruption and manipulation and fraud, as well as the reduction of effort and time to stroll public transactions and ease the pressure on staff during the completion of transactions in different ministries and departments.

And it felt it was time to leave paperwork and transition to digitization and computerization of data and information instead of paper archiving outdated system, stressing that a number of departments of ministries began work mail, but the others have not been able to shift entirely to the digitization of information, data and computerization can cause confusion between the reviewers
Two circles.

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