June 19, 2011Iraq agreed with the Bank of a global market to enhance confidence of the Iraq Stock Exchange
The Executive Director of the Iraqi market for securities on Sunday that the Iraqi government agreed with the Bank (HHPT), which is spread throughout the countries of the world to promote confidence in market for securities Iraq and encourage shareholders abroad to invest their money in companies operating in Iraq.
Abdul Razzaq al-Saadi told the Kurdish news agency (Rn) that "the Iraqi government agreed with the World Bank (HHPT) for the development of the Iraqi market for securities trading and expand the sale of foreign currency in the country."
"The bank, which is spread throughout the countries of the world will take care of overseas shareholders to enter the Iraqi market after it is guaranteed money entering Iraq."
He pointed out that "the Bank (HHPT) pledged to enter the capital of investors, and made the necessary findings in coordination with the Iraqi market for securities in the coming period to develop the market and raise the stock of foreign trade."
The Iraq Stock Exchange, which started operations in 2004, a site rarely capitalist in a country dominated by state companies.
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