Iraqi Dinar Discussion Board

[Panhead]

Economics: an economic expert: activating the capital markets activates movement investment in the country

BAGHDAD - Haider Al-Rubaie Fleih
Said an economic expert: The capital markets can play a crucial role in attracting capital surplus of non-official, non-packaged in the national economy .. pointing to the ability of these markets in the transfer of money to the unemployed and inactive capital officer and effectively in the economic cycle

So through investment operations carried out by individuals and companies in equities, bonds and instruments that would be announced in the securities markets.
The expert pointed to the interest that could be provided by the Capital Market Law to stimulate investment environment as a stimulant and law libraries for this environment, believing that markets function of the facilities and influencing the various aspects of economic activity and the fields.
The Board of Trustees member of the Kurdistan Centre for Economic Development Shirwan Mustafa Anwar during a speech on the sidelines of the workshop organized by focusing on laws and procedures affecting the investment environment: the success achieved in the work of the stock market has had a significant impact in stimulating the development of investment environment and attract foreign investors But evidence of the integration of the legal environment which is assigned work fully, with a circulation of foreign investors (7) billion shares and trading volume of total (17) billion dinars through the implementation (337) contracts, and this is the first experience of investment to non-Iraqis in starting from August 2007 .
He called Mustafa to the importance of coverage of some companies in the capital markets, which serve the infrastructure of the Iraqi economy, including investment incentives and improve the performance of the financial market and investment environment in full, stressing the need for issuing digital signature law, which guarantees to provide a better environment in the use of the numerous constraints of electronic cables, and its aspects The different level of safety, and a prelude to provide these critical services to all citizens.
He recommended the need to be a researcher of the securities in the opinion of the Privatization Act, enabling them to set controls to put some projects for public subscription and then transformed into joint-stock companies, pointing out the importance that there be consensus with the rules of the Central Bank and Ministry of Finance in respect of government bonds traded in the stock market .
Mustafa also said: There are many companies are willing to work and participate in reconstruction operations in Iraq and, by contrast, many international investment institutions to push towards the financing of such projects provided they are guaranteed by the banking system exists in the local investment environment, as a result of what can be To achieve the profitability of large returns, compared to the relatively stable global markets where growth rates and profits are very limited ..
He stressed that efforts to re-activate the Iraqi economy a comprehensive manner commensurate with the material and human capabilities possessed by .. He explained that the long isolation experienced by the institutions of the business environment in Iraq on the business environment in the world now requires maximum efforts as soon as possible to build these foundations, institutions and encourage investment, finance and banking finance to participate in the creation of real interest such institutions in order to enable them to participate in reconstruction operations.



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