GOLDILOCKS
" Chairman of the Securities Commission in Iraq, Faisal Al-Haims, confirmed today, Wednesday, that the authority is studying the possibility of licensing brokerage companies to trade in shares on international stock exchanges."
Forex is sold "in shares" through exchange-traded products (ETPs) and exchange-traded notes (ETNs).
Licensing brokerage companies to trade on the global exchange, also known as a foreign exchange (forex) market, is a necessary process that allows companies to operate in the market.
As long as global financial standards and International digital norms/regulations are followed, a forex license can be issued by regulatory authorities.
This procedure guarantees a company's compliance with International regulatory standards. Without a license, a broker's work is considered illegal.
These procedures will allow the Iraqi Dinar to be bought and sold on Forex when they are done. At the present time, banks are in process of learning how to do foreign currency exchanges through an electronic process.
Now, it makes sense why my friend told me they were doing foreign currency exchange training with every currency except the dinar, but this is about to change with the reclassification of the Iraqi dinar by the end of this month.
© Goldilocks
https://economy-news.net/content.php?id=43449
https://gofaizen-sherle.com/forex-license#:~:text=The%20timeframe%20for%20issuing%20a,are%20considering%20for%20your%20business.
https://finjuris.ae/forex-licence-consulting?gad_source=1&gclid=Cj0KCQjw0ruyBhDuARIsANSZ3wppVe13stDYj4UEd5PGV-gwfQB6g1uGqINmFHEZpR2dpC1H6cNRb28aAj7REALw_wcB
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