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Varied positions on the issue of internal market access «Forex» World of speculative currency to Iraq, through the recently opened branches in the city of Erbil, the official representative of the position of the Central Bank in which he considered «good and fruitful step», and who consider entry «cautious». And opened a branch in coordination with the company «OTC Bankeng», which will organize training and rehabilitation for those interested in investment and the completion of the sale and purchase of secured banking.
He described the chief executive of the branch of «Forex» new, Samir Zebari, the process as «like a proactive movement within a country needs to education and training courses will capture the largest percentage of our business now». He said in a statement to «life»: «to enter Iraq at this particular time, is a problem in itself for many reasons, most notably the lack of confidence in the Iraqi foreign companies many have already entered Iraq to carry out tasks of speculation, but I preferred not to continue for reasons of security». He added: «Another reason is that most of the investment world is known by the Iraqi street, which was closed on itself for three decades». He continued: «That’s why we focus on educational courses in the market and trading technology of our focus more on the organization of the investment. We have distributed brochures and training in Arabic, Kurdish and English for this purpose, in addition to the opening of training centers in various cities of the Kurdistan region.
This is a very cumbersome procedures of the delegates company working in Iraq, but an important step to open up to the Iraqi market and pave the way for significant transactions in the near future ».
Increased Zebari: «because of lack of knowledge of the investor in this market, we have taken further action is to manage portfolios by our company, and this effort to restore the confidence of Iraq, global companies and achieving greater profit opportunities. In spite of this, I began participating in simple initially, but rising, and investors made conservative amounts vary between 30 thousand and 40 thousand dollars, and much less than the Governor of their counterparts in other countries ».
He pointed out that «the next step will be to expand gradually toward the cities of Baghdad, Iraq, in particular, and to increase confidence, we have bank guarantees in the various banks operating in the territory of Kurdistan, which has branches in other cities of Iraq».
As for the position of the Central Bank of Iraq, he noted expert in which the first appearance of Mohammed Saleh in connection with the «life» that «Iraq has suffered decades of international isolation, is blocked by many of the developments in the global capital market». He added: «During the past years many positive changes have taken place in this area, and enter the Forex market will help to Iraq in the outside world and enhance the value of theIraqi economy and its currency and increase the area of his dealings from local to global level».
He added: «feature second positive is that there is an opportunity to improve the level of transactions Chirfah Iraq and linking them abroad, and that the entry of this market means the beginning of a possible association market for securities Iraq, and the opportunity for those interested, invested their money in the form of a safe and effective».
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