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FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT APRIL 2011
IRAQ STOCK EXCHANGE
ECONOMIC AND POLITICAL DEVELOPMENTS
Settled Iraqi dinar exchange rate for the year
2010 equivalent to 1118 dinars per US dollar,
boosted by the central bank's announcement.
Government approved in November 30th 2011
budget of $ 92.98 trillion Iraqi dinars (about
79.6 billion dollars) deficit of 14 trillion dinars
(11.99 billion dollars) and assumes an oil price
of 73 dollars per barrel. The size of the
operational expenditure in the budget bill for
2011, which was approved by the Council of
Ministers recently, pending parliament's
approval 64 trillion dinars, and the volume of
investment spending 29 trillion dinars.
The premier event of 2010 is the democratic
elections held in March 7, 2010 with the
participation of 6281 candidates competed for
325 seats in the Iraqi parliament, which shall
elect the President and the Prime Minister,
which will last session for a period of four
years. The new government was formed on
Tuesday, December 21, 2010. And received by
Mr. Nouri al-Maliki to a second term as prime
minister and joined the new ministry (41) and
ministers.
End of the International Department of the Iraqi
resources through the Development Fund for
Iraq in the thirtieth of June 2011.
Information obtained from the Exchange.
Key Information Contacts
Iraq Association of Securities Dealers: www.iasd-iq.org
Iraq Central Bank: www.cbiraq.org
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