The opening of the Office of Global Exchange in Baghdad is linked to the global British counterpart

02.06.2014


BAGHDAD / Acer Jabbar

Announced in the capital, Baghdad, for the opening of the first office of the Stock Exchange world in Baghdad, the first of its kind in the history of Iraq, and among officials in the office getting a leave of absence from the Iraqi government and its association with the London Stock Exchange Global, called financial experts, financial institutions and ministries to put its shares in the Office of the stock market World economic development of the Iraqi market.

The director of the Office of the international exchange in Baghdad, Osama Mahmoud said in an interview to the (long-Presse), "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 have that trades 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 Mahmoud said 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 website of the stock exchange in Baghdad, as can download the program demo 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 Mahmoud 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 enhance the investment during trading. "

And between Mahmoud said that "trading volume in the office arrived until yesterday to about 500 thousand U.S. dollars, and this is a good indication as possible that we consider to be the beginning of the trading World," attributing the cause of lack of demand to the "loss of culture exchange in exchanges among the citizens, because the Iraqi citizen has become known what the meaning of the stock market 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 to 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 on the desk 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."


http://www.almadapaper.net/ar/news/458711/افتتاح-مكتب-للبورصة-العالمية-في-بغداد-مر

[ltr]Financial officer: "international exchange" a fictitious company[/ltr]
[ltr]
02/07/2014
Located Iraqi citizens, covet in a quick profit, trapped in a corporate speculative financial fake, was most recently the so-called Office of the global stock market, which began its operations in Baghdad a month ago, claiming possession of a license from the Iraqi government, and its association directly the London Stock Exchange, but the head of the Iraqi market for securities Finance, Abdul Razzaq al-Saadi, said in a statement to Radio Free Iraq, said such companies, including international exchange, fake companies, to not possess a legal basis, and that the investigation is currently underway around, "denying association with the London Stock Exchange.

He says the citizen Tarek Saad, said he was the victim of one of the companies, which operate in the field of electronic speculation, which does not know its headquarters, but is used as an intermediary to communicate with speculators, noting that he lost because of the deal with 6000 dollars.

He said economic expert on behalf of Jamil Anton, need to be supervised by an economic point of government, such as the work of these companies, pointing out that the existence of these companies could lead to the escape of the currency abroad.

Anton and stressed the need to support the Iraqi market for securities which are still vulnerable and suffer many economic problems since its inception in 2004.

The Iraqi Council of Representatives passed earlier law allowing foreign investors to buy and sell stock in absolute terms in the Iraqi Stock Exchange, however, that the trading of foreign companies is still limited in the Iraqi market for securities.


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[ltr]Transparency in Iraq: Central Bank's decision leads to counterproductive and impedes the flow of monetary circulation.[/ltr]


[ltr]- February 8, 2014



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[ltr]BAGHDAD - Eastern February 8: criticized by the Association of transparency in Iraq, a watchdog popular measures the CBI said in a statement today that these measures will reduce business lending, credit and lead to a lack of liquidity due to Altgmidgar justification for the money account 231 brought by the Central Bank The association said that the original in the process of cash is to sustain liquidity and facilitate business credit and lending, something which perpetuates the economic cycle in the country at the level of public and private sector is that the Central Bank would be counterproductive and hinder the smooth flow of cash cycle which is automatically reflected on the general economic cycle and said Association The overwhelming proportion of banks and local banks will be affected by this measure, while benefiting banks Originally created on the remains of offices banking and remittances of Foreign Affairs continued its rhythm the same without you acting credit and lending, and called Alrabotthalpennek Central as a regulator and sponsor of the system of cash to reconsider instructed new including achieve two things: first to ensure the smooth flow of cash and non-freezing of funds and the second to ensure justice among all banks and non-bias, some at the expense of others and audit reasons and motives behind the passing of some senior staff of the formula for the new instructions motivated by interest and benefit in breach of the justice system and uniform standards.[/ltr]




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