Iraq: the financial markets not affected by the bombings of Baghdad

Posted: December 23, 2011 in Iraqi Dinar/Politics
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Two Iraqi Msalan said Friday that the blasts that hit the capital, Baghdad, did not affect the size of central bank sales of dollar, and they did not leave a negative impact on the stock market.

The capital, Baghdad, on Thursday a series of car bombings and bomb belts and explosive devices aimed at government institutions and the civilian population, killing more than 70 people and injured more than 200 others were wounded.

The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the bombings in Baghdad yesterday did not affect the central bank sales, which amounted to $ 300 million even though it hit the Iraqi market.”

“The central bank sales on Wednesday, amounted to $ 230 million, and this shows that bank sales bank is not affected as much as internal events affected by the foreign investors because the link to global banks.”

He predicted that the benefit of reduced demand on the dollar in the coming days because of global disable most of the banks on the occasion of New Year.

The executive director of the Iraqi Stock Exchange, Abdul Razzaq al-Saadi told the Kurdish news agency (Rn) that “the Iraqi market for securities not affected by the bombings of Baghdad, and we are working to strengthen and raise the volume of stock trading.”

He added that “Iraq has a fiscal policy through which anti-terrorist operations and to attract money.”

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