An invitation to the development of parliamentary culture of the stock market and increase investment awareness

Baghdad scales News - He called for economic and investment commission member of the parliamentary proof Mamouri, on Friday, to increase savings and investment awareness among the citizens, to contribute to the economic development of the country.

Said Mamouri in a statement received / scales News / copy of "the nature of the savings culture among the Iraqis were still based method known as monetary policy freezers, the more surplus to the needs of citizens of liquidity spared either buying gold jewelry or Ctfad by Kciolh currency foreign as dollar or Iraqi dinar or even asylum in some cases to buy residential land and leave."

"The financial and economic developments in the world and followed up at the level of countries of the region, especially the Gulf countries devised means guaranteed and quick to take advantage of these savings within adequate investment frameworks for its development during short periods to achieve extra yield to the citizen on the one hand and contribute to the economic development of the country on the other hand."

He explained Almamori that "among these means planning for strategic projects implemented by offering its shares for a project to subscribe through the public directly and use of these funds in the implementation that these projects be profitable when operating as happened implementation of the second Suez Canal project which is now the king of the Egyptian public other way is up the volume of interest in investment banks as the case in Iran, where savings exceed 25% interest in our banks continued to impose the benefit does not exceed 6 percent."

He pointed out that "the only country in the region that does not have the culture of the stock market is the development of Iraq, where trading operations are still confined within a very small group compared to the reluctance of the public the need to increase awareness of these methods of saving."

He Almamori that "resorting to the so savings cultures will be reflected positively on the Iraqi economy through the exploitation of nearly 42 trillion Iraqi dinars in circulation currently on the market have added another $ 45 billion also sandwiched between citizens and the banking sector" .anthy 29 / d 25