24/03/2012 10:54
Baghdad, March 24 / March (Rn) - The body of the Iraq Stock Exchange today, Saturday that the deletion of three zeros from the local currency will not affect the level of equity investment of external and internal.
And announced that the Securities Commission for its off day starting from Sunday until next Thursday in response to the holiday announced by the Iraqi government.
The executive director Abdul Razzak al-Saadi told the Kurdish news agency (Rn) that "the deletion of zeros from the local currency is currently only being is organizational and it will not affect the level of trading equity Investment external and internal," noting that "continuous coordination with the Central Bank to regulate the process of deleting the zeros and confidence that it will not affect the level of internal and external transactions of shares of stock. "
He pointed out that "the Iraqi market for securities has similar specifications to international standards, which represents investor confidence, which is contributing to the promotion of the Iraqi market for securities in achieving economic development."
And started the Iraq Stock Exchange initial preparations for membership of the global market for securities, also announced the initiation of electronic filing of companies foreign and domestic investment, rather than filing paperwork.
The Iraq Stock Exchange has started operation in 2004, and shifted from manual trading to the use of e-dealing screens in 2009 and open for trading two hours a day five days a week.
The banking sector is the largest in the exchange, which also includes the shares of industrial companies and insurance companies, hotels and agricultural companies.
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