* Expert: drop the Iraqi market for securities proof of the confidence of traders and not aggravate the political crisis
29.01.2012 | (Voice of Iraq) – Add comments – Baghdad / However – peasant of Nazareth with the registration of the Iraqi market for securities marked decline in trading last week, an economic expert said that there is a lack of confidence among traders in the market as well as the Iraqi crisis, the current policy which has affected negatively on the performance of the market.
The expert said the money and business, Dr. Alia Sharifi of the reporter and news agency, the future that “the Iraqi market for securities with the registration of a clear reduction in trading for last week indicates that there is a lack of confidence among traders to perform the market,” and added that “the economy Iraq seems to be suffering a recession relatively for several reasons, especially the political crisis that currently exist in Iraq, which have negatively impacted on trading in the Iraqi market for securities and even on the sales and purchases in the market. ” and increased that “there is a demand and wide to buy the dollar and the low turnout on the purchase of shares This testifies to a lack of confidence began to plague the rolling of the Iraqi financial market. ” According to statistics, the index of the Iraqi market for securities declined by 2.31 percent, recording 122.08 points at the end of its meetings weekly. and the number of shares traded in the closing session billion and 445 million shares worth two billion and 171 million, achieved through the implementation of the 624 contract traded for shares of 43 companies contribute out of 87 companies listed electronically, to the record of the Iraqi Central Bank at the end of its weekly decline in sales of auction for the sale and purchase of foreign currencies of up to $ 199 million, compared with 202 million the previous session , at an exchange rate basis amounted to 1166 dollars for every dollar. to the Central Bank of Iraq that the strength of the monetary reserves of foreign currency has enable him to cope with the growing phenomenon of demand for foreign currency and control the levels of liquidity and cash flows in the country. A statement issued by the Central Bank of Iraq has received (news agency, the future) a copy of it that “some of the media handled the phenomenon of high demand for foreign currency in the window of the Iraqi Central Bank for the sale and purchase of the dollar, particularly in recent weeks, in order to clarify the factors surrounding the growth of this phenomenon, it should be that Aigb of the familiar as the internal factors of important role and a key associated with a greater public spending and its impacts on the behavior of individual demand in the market for foreign currency, which is itself an application locally on goods and services and external benefits. ” The statement added that “the situation and the complexities of regional in some countries surrounding Iraq and what are its problems in its international economic relations have cast the other Bdilalha in the formation of currents additional indirect demand for foreign currency through the overlapping regional trade and ways of financing the various. ” stressed that “the development of foreign reserves of the Central Bank of Iraq is one of durability the location and the estimated high in the face of any eventuality caused by the growing phenomenon of demand foreign currency, according to the monetary policy instruments available to control the levels of liquidity and cash flows in order to achieve the desired economic stability.
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