Friday, May 10, 2024
Government Advisor: The Securities Commission represents the governance base for promoting financial market reform, 10 MAY
Government Advisor: The Securities Commission represents the governance base for promoting financial market reform
5/9/2024 Baghdad
Today, Thursday, Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, summarized the importance of the Securities Commission and its tasks, while noting that the Commission represents the governance base in promoting financial market reform, and is responsible for supervising the correct rules in the Iraqi market.
Saleh said, in his speech during the twentieth anniversary of the founding of the Securities Commission, under the slogan (The Importance of the Financial Services Sector in Supporting the Iraqi Economy), “In the name of Prime Minister Muhammad Shiaa Al-Sudani, we extend to the Securities Commission, its Chairman and its staff, our warmest congratulations on the occasion of the twentieth anniversary of the founding of this edifice.” The important financial supervisory authority that assumed the duties of regulating the Iraqi Stock Exchange securities, which is the basis for ensuring high, stable, organized and growing financial markets through the application of regulations designed to protect the rights of users and maintain the integrity of the financial market.
He added, "The Securities Commission, with its regulatory, supervisory, and auditing apparatus, constitutes the central body responsible for supervising the correct rules, monitoring irregular activities, and investigating market violations."
He continued: “The Securities Commission also represents the governance base in promoting transparency and reform in the work of the financial market, and the important role of the Securities Commission is evident in regulating broker-dealers and other market participants by supervising the depository center and updating the data of persons associated with brokerage companies.”
He added: “There is no secret of the important role played by the Securities Commission in coordination with international securities organizations and bodies, especially in adopting standards in the field of strengthening the efficiency of financial markets and communicating with international organizations related to financial markets, which has strengthened the role of the Securities Commission and the Iraqi Stock Exchange.”
Finance in preparing Iraq for the World Trade Organization, which is the international organization that essentially emerged from the system of financial globalization, as the trade in financial services became an integral part of global trade. LINK
Evening News with MarkZ. 05/09/2024
The Association of Private Banks counts the percentage of shares traded on the stock market during a month , 10 MAY
The Association of Private Banks counts the percentage of shares traded on the stock market during a month
5/9/2024 Baghdad
The representative of the Iraqi Banks Association, Ali Tariq, confirmed today, Thursday, that the Iraqi stock market relies heavily on the banking sector, while he counted the value of banking shares traded during the month of last April.
Tariq said, during a dialogue session, on the twentieth anniversary of the founding of the Securities Commission, under the slogan (The Importance of the Financial Services Sector in Supporting the Iraqi Economy) and attended by the “Al-Iqtisad News” correspondent, that “the profitability of private sector companies is the first motivator for every investor, and the strength of the market and the growing movement Trading comes from companies' profitability and revenues."
He added, "The market relies heavily on the banking sector, which traded during last April 17.6 billion shares out of 21.6 billion shares in the entire market, which constitutes 81% of the total trading in the month."
He explained that "the banking sector is considered the most important in the stock market," pointing out that "the citizen is able to use the mobile phone to trade and view share prices, and the need to focus on reaching the citizen at his home and workplace."
Tariq stated, “All private banks are listed in the Iraq Stock Exchange according to the instructions of the Central Bank of Iraq,” stressing that “preventing some banks from dealing in dollars directly affected the market and the prices of their contributions in the market.”LINK
"STATUS OF THE RV" BY MNT GOAT, 10 MAY
STATUS OF THE RV
Why is all the news so full of “WOW!” lately?
Just when you think it’s going to be a boring week, out pops yet more “WOW!” news. I want to ask everyone something today. Are you dancing yet over all this good news? Can you see just how close Iraq is to fulling Al-Sudani’s promise of making the dinar a proud national currency once again. Also remember too that he did say it “was” valued over a dollar already and not that it “would” be. When will we see tangible evidence of this promise?
In today’s news we have three main articles. Below I will try to explain the significance of each of them to you. NO! The RV has not yet happened and so as I keep having to reiterate to all you date and rate fans, this blog is not about a date and a rate. If you are looking for this kind of information then please go to the TNT super fantastic idiotic garbage conference call and you can get all the lies, frustration and roller coaster rides you want. However, if you want TRUTHFUL, HONESTY and a desire to follow the news that will lead us to a the ultimate timing of the reinstatement of the dinar back to FOREX, then you are on the right blog.
Remember as I have told you many times already, this journey is not about coming to the final stop on our choo choo ride as by then it’s over and we know it has to happen. Why lie about it? But instead it is all about the ride itself as this is the journey. Yes, the ride is the journey and it will lead us to the final destination not the other way around. The RV is going to happen as it has to happen and I don’t know why many worry about this fact so much. We can lie and pretend about the news but it won’t make any difference and bring the reinstatement any faster.
So, before I get into explaining the significance of these three articles for today let me talk about my most recent conversation with my CBI contact on Saturday. Most of the talk was all about the parallel market again and the final push to stabilize it. This is related to two of these articles today. I was told this was the holdup for the start of the Project to Delete the Zeros and the formal education of the process, which was already supposed to begin in April. I was told that the committee has already released some educational materials on the future float and so we witnessed this information last week come out.
If you want to recall my own perspective on this issue, remember that I did say that most likely nothing will happen until June or shortly thereafter. After reading the articles in today’s news you should be able to clearly understand why I have been saying this. Let’s all just sit and watch what happens. The progress Iraq is now making is at lighting speed under Al-Sudani and we can clearly see God’s Hand is at work, answering our prayers in this matter. It is strange how God works you can hardly ever figure it out until it happens. I encourage everyone to continue to listen to the modern-day prophets. By now you all should know the ones I trust as they have a proven record of honesty already. Do you have any to share? Many of the prophets are now talking about the end of Joe Biden before even November, in fact the death of him. Does God mean literal death or just political death? So, you see this is what I mean. However, to me either way would be just fine….. lol.. lol… The world would be much better off without people like him. He is not a creator but a destroyer. He brings only death, misery and destruction in everything he touches. Oh, isn’t this satanic?........BE CONTINUED
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