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Iraq Stock X - Foreign Investment Resource - CBI Auction not affect level of market perfomance
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 Posted - 03/05/2010 : 10:56:28
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Auction held by the central bank do not affect the level of market performance
said the Iraqi market for securities that auctions held by the central bank do not affect the level of performance of companies and foreign investment.
Said Taha Ahmed Abdul Salam, Executive Director of the market, told the independent press (Iba) today, Friday, there was no link or directly with the joint CBI auctions, particularly as the auctions are for the purposes of foreign trade goods, and not for investment purposes in the Iraqi market for securities.
He added that the changes to foreign exchange rate, unrelated to the work market, where the buying and selling shares in the market place in Iraqi dinars, Add to this that the dollar exchange rate changes are gradual, not a runaway, which means that its effects on trading the market is limited.
Abdel-Salam and detect the presence of joint cooperation in many areas with global stock markets Kporsat Amman, Istanbul and Abu Dhabi, Bahrain and Egypt. He pointed to the participation of a delegation headed by Chairman of the Board of Governors at the meeting of the General Authority for European and Asian stock markets earlier.
The market since 2005 Member of the EU, the Asian stock markets, which chaired by Turkey.
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CBI Auction not affect level of market perfomance
