Risk and Return - Iraq

Oct 2004
The increasing level of violence in Iraq hasn't prevented the country's national stock exchange from reopening.

It's 10 am and a modified doorbell signals the beginning of business at Iraq's Stock Exchange. The shares for sale are all represented on a whiteboard instead of an automated computer screen and the highest level of technology on the floor is a mobile phone. But in a country where electricity supplies are still unreliable, this lack of technology is not a hindrance. "You can sell, buy anything, anything you want," boasts one trader. From next year, Iraq's Stock Exchange hopes to welcome foreign investors. But not all Iraqis are keen to offer their country's businesses to foreigners. "We have to wait. It's too early to liberate the exchange now," states economist Human Al-Shamaa. He insists that investing in the country's stock exchange is a safe bet. But the country's economic potential is limited by the ever worsening security situation.

Produced by ABC Australia
Distributed by Journeyman Pictures

Category:

News & Politics

Tags:

• Iraq
• Refugees
• Stock
• Exchange
• Business
• Money
• Profits
• news
• documentary
• current affairs
• journeyman
• journeyman pictures

[DavidEdwardSchnell]

ultimatum system? without the Sons?

[fefu23]

what a wonderful place to be!!!