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Baghdad (IraqiNews.com) – Director of Iraq Inventory Alternate, Taha Ahmad Al-Rubaie, confirmed on Saturday that the cooperation between Iraq Inventory Alternate, the Central Financial institution of Iraq (CBI) and the Iraqi Securities Fee achieved important good points, in response to the Iraqi information Company (INA).
Al-Rubaie defined that the cooperation of Iraq Inventory Alternate with these two events obliged brokerage places of work owned by banks to transform to brokerage corporations ranging from 2008-2009, to be financially impartial in accordance with the Iraqi Firms Regulation and to adjust to the foundations of the Iraqi Securities Fee.
Al-Rubaie elaborated that the cooperation between the three entities resulted in obligating forex change corporations and cash switch corporations to be included in Iraq Inventory Alternate based mostly on the choice of the Ministerial Financial Committee in 2013, and to fulfill the requirements of the Iraqi Securities Fee for itemizing.
Al-Rubaie added that this resolution made the banking sector the most important sector listed in Iraq Inventory Alternate.
The common conferences held between committees from the three events would develop the securities sector on an ongoing foundation, Al-Rubaie talked about.
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