2024-01-21T07:37:31+00:00
A-
A
A+
/ The Emirati researcher specializing in financial markets, Ali Langawi, revealed on Sunday that there are Iraqi currency speculators in the stock exchange, who have achieved profits of up to 5 million dollars, stressing that Iraq supports its currency through its local stock exchange.
In an interview with Agency, Langawi attributed the large number of Arabs, including Iraqis, who trade stocks on the stock exchanges to advertisements and the publication of profits made through them, indicating that “some of them (i.e. profits) are valid and some are for deception and fraud, and this is common in Iraq.”
The Emirati researcher explained, “There are Iraqis living in Dubai whose profits from trading and speculation have reached 5 million dollars, but they do not want to appear in public,” adding that “some of them like to appear as businessmen or real estate owners.”
He added, “The adoption of the Iraqi Stock Exchange to trade in the Iraqi dinar only is a step to support the Iraqi economy and its local currency.”
Langawi pointed out that “currently there are no indications of Arab stock exchanges reaching the global level, but it is possible that the Abu Dhabi and Dubai stock exchanges will reach it in the future, and this requires time.”