From the
Financial Times:
After more than a year in makeshift lodgings, the Iraq Stock Exchange (ISX) on Sunday celebrated its official opening. Even with the surrounding blast walls painted a matching cream, the newly built sandstone building in south-east Baghdad looks more like a neighbourhood bank or hotel than a key national financial institution.
But its brokers hope the ISX will help spur the recovery of Iraq’s devastated industrial economy. Private-sector financial mechanisms – the stock market and the undersized private banking system – will be vital to support sustainable reconstruction, US officials say.
“This is an essential institution for making the economy more dynamic and creating investment opportunities,” Saddoun Kubba, chairman of the Commercial Bank of Iraq, said on Sunday.
It's just like Vietnam over there. We had better pull out quick or democracy might spread...
