Iraqi Stock Exchange is to be converted into a secondary market for bonds and remittances

Source: Dar Al Hayat - 13/07/2009
Iraqi Stock Exchange is to be converted into a secondary market for bonds and remittances

The Central Bank of Iraq at the request of the Iraqi market for securities deposit of government bonds and semi-governmental organizations in the issuance and circulation in the market.

. The managing director of the market, Taha Ahmed Abdul Salam told «life», that the action aims to urge the companies to contribute to the issuance of debt securities when the need for liquidity, instead of the capital increase and kept the price of the stock Lalla Nkhvad, referring to the adoption of rules for the admission of new companies to mediate the cards Finance for the development of trading activity in the market.

He called attention to the reform of the system of financial investment in No. 5 of 1998, allowing for specialist companies, consider increasing the capital and the development of mechanisms for the implementation of its tasks and functions of the President, to stimulate the establishment of new companies owned the top to activate the investment.

The adoption of the Central Bank of Iraq and the Association of Iraqi banks the issue of establishing an investment fund dedicated to investing in the stock market in a move supportive of the investment.

. The chief of the Central Bank of Iraq the appearance of Mohammed Saleh, said that talks are underway to activate the role of the Iraqi Stock Exchange the circulation of money in the treasury and bonds issued by the Central Government and, as the secondary market, especially with the transition to electronic trading.

He added: «there are talks between the Central Bank and the Iraqi Stock Exchange to activate the role of a secondary market dealing in treasury bonds and money», because «the central market is the initial work to put money orders only, other than the secondary market that deals in the sale and purchase of secondary».

. He noted, «the desire of the Central Bank to deal in the stock market bonds, as in the past», and expressed the hope that the stock market to become «stock market does not deal only in order to achieve significant benefits, especially with the lack of a secondary market, the other in Iraq, and cooperation between the banks special buys securities does not exist.

I consider that the benefit of «the proposal of the market to deal securities, will be a qualitative leap in the evolution of an emerging market for it».

The Iraqi Stock Exchange was founded in 2004, and was working in the circulation of shares of listed companies (91 joint-stock company), hand-held three meetings during the week, and moved in the middle of April (April) to the last electronic trading.

http://72.14.247.132/translate_c?hl=en&sl=ar&u=http://www.iraqdirectory.com

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Cat561 wrote:

Source: Dar Al Hayat - 13/07/2009
Iraqi Stock Exchange is to be converted into a secondary market for bonds and remittances
[b]
The Central Bank of Iraq at the request of the Iraqi market for securities deposit of government bonds and semi-governmental organizations in the issuance and circulation in the market.

. The managing director of the market, Taha Ahmed Abdul Salam told «life», that the action aims to urge the companies to contribute to the issuance of debt securities when the need for liquidity, instead of the capital increase and kept the price of the stock Lalla Nkhvad, referring to the adoption of rules for the admission of new companies to mediate the cards Finance for the development of trading activity in the market.

He called attention to the reform of the system of financial investment in No. 5 of 1998, allowing for specialist companies, consider increasing the capital and the development of mechanisms for the implementation of its tasks and functions of the President, to stimulate the establishment of new companies owned the top to activate the investment.

The adoption of the Central Bank of Iraq and the Association of Iraqi banks the issue of establishing an investment fund dedicated to investing in the stock market in a move supportive of the investment.

. The chief of the Central Bank of Iraq the appearance of Mohammed Saleh, said that talks are underway to activate the role of the Iraqi Stock Exchange the circulation of money in the treasury and bonds issued by the Central Government and, as the secondary market, especially with the transition to electronic trading.

He added: «there are talks between the Central Bank and the Iraqi Stock Exchange to activate the role of a secondary market dealing in treasury bonds and money», because «the central market is the initial work to put money orders only, other than the secondary market that deals in the sale and purchase of secondary».

. He noted, «the desire of the Central Bank to deal in the stock market bonds, as in the past», and expressed the hope that the stock market to become «stock market does not deal only in order to achieve significant benefits, especially with the lack of a secondary market, the other in Iraq, and cooperation between the banks special buys securities does not exist.

I consider that the benefit of «the proposal of the market to deal securities, will be a qualitative leap in the evolution of an emerging market for it».

The Iraqi Stock Exchange was founded in 2004, and was working in the circulation of shares of listed companies (91 joint-stock company), hand-held three meetings during the week, and moved in the middle of April (April) to the last electronic trading.[/b
http://72.14.247.132/translate_c?hl=en&sl=ar&u=http://www.iraqdirectory.com

Outstanding Cat!!!!! cheers

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